File: '\\swfile\EmailIn\20240531 062713 Attachment News Release - Director Resignation (ICI May 31 2024).docx'

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INCEPTUS CAPITAL LTD.

530, 355 Burrard Street

Vancouver, BC V6C 2G8

FOR IMMEDIATE RELEASE TSX-V:ICI.P

INCEPTUS CAPITAL LTD. ANNOUNCES RESIGNATION OF DIRECTOR

Vancouver, British Columbia - May 31, 2024 - Inceptus Capital Ltd. ("Inceptus Capital" or the "Company") announces that Lillian Liu has resigned as a director effective May 29, 2024.

For additional information, please contact:

Peter Chen, President, Chief Executive Officer, and Director

Telephone: (604) 771-7998

Email: peterchen@proterragroup.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

File: Attachment News Release - Director Resignation (ICI May 31 2024).pdf

INCEPTUS CAPITAL LTD. 530, 355 Burrard Street Vancouver, BC V6C 2G8

FOR IMMEDIATE RELEASE TSX-V:ICI.P

INCEPTUS CAPITAL LTD. ANNOUNCES RESIGNATION OF DIRECTOR

Vancouver, British Columbia May 31, 2024 Inceptus Capital Ltd. ("Inceptus Capital" or the "Company") announces that Lillian Liu has resigned as a director effective May 29, 2024.

For additional information, please contact:

Peter Chen, President, Chief Executive Officer, and Director Telephone: (604) 771-7998 Email: peterchen@proterragroup.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.