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ELVN Appoints Messrs. Eric Roth, Sylvain Laberge and Rob Duncan as Advisors

Management Changes

Date: February 24, 2023

News Release: 23-07

Not for dissemination in the United States or through U.S. newswires

1111 Exploration Corp. Appoints Eric Roth, Sylvain Laberge

and Rob Duncan as Advisors

February 24, 2023 - Vancouver, British Columbia - 1111 Exploration Corp. (CSE: ELVN)

(the “Company” or “ELVN”) is pleased to announce that Messrs. Eric Roth, Sylvain Laberge

and Rob Duncan have joined the Company as advisors effective immediately.

Eric Roth - President, CEO & Director of Capella Minerals Ltd.

Eric holds a Ph.D. in Economic Geology from the University of Western Australia and is an

economic geologist with over 30 years of experience in international minerals exploration and

mining project evaluation. He was most rec ently Chief Operating Officer of Mariana Resources

Ltd, which was acquired by Sandstorm Gold Royalties in July 2017 for the high-grade Hod Maden

copper-gold discovery in NE Turkey. Prior to this, Mr. Roth was Chief Executive Officer of

Aegean Metals Group Inc (original acquirer of the Hod Maden project) and President and Chief

Executive Officer of Extorre Gold Mines Ltd . (discoverer of the high -grade Cerro Moro gold -

silver deposit in Santa Cruz Province, Argentina, which was acquired by Yamana Gold Inc. in

mid-2012 for CAD 440M).

Eric worked for AngloGold Ashanti Ltd. (“AGA”) between 2002 and 2008, initially as the Lima-

based Peruvian project and South American opportunities manager and subsequently as the

Johannesburg-based Global Head of greenfields exploration. During his Johannesburg tenure,

AGA’s greenfields exploration teams brought in over 20+Moz Au in new Inferred Resources

through discoveries in Colombia (Colosa, Gramalote), Australia (Tropicana) and the DRC

(Mongwalu) at a discovery cost of <USD 15/oz. Prior to AGA, Eric worked with TSX-listed Aur

Resources Inc., discoverer of the high -grade Louvicourt VMS deposit located near Val d’Or,

Quebec.

Eric is currently a Non -Executive Director of Ivory Coast -focused Awale Resources Ltd. He is

also a Fellow of the Australian Institute of Mining and Metallurgy (FA usIMM), a Fellow of the

Society of Economic Geologists (SEG), and principal of consulting firm ER Global Consulting

SA.

Sylvain Laberge, President & CEO and Director of 1844 Resources Inc. (“1884”)

After obtaining a degree in hotel management, Sylvain en tered into a sales career in different

sectors. He became part of a new company founded in 1999, Renmark Financial Communications

Inc., an enterprise specializing in investor relations, where he became Vice –President and

ELVN NEWS - 2 -

developed an interest in emerging companies and especially mining exploration. Sylvain has been

managing 1844, formerly Gespeg Copper Resources Inc., since 2013 , and also managed other

junior companies during that period. Over the years he assisted a number of companies in raising

over 100,000,000 dollars. He is presently a director of Omineca Mining and Metals Ltd. (TSX-V:

OMM) and a director of Royal Helium Ltd. (TSX-V: RHC). Sylvain has also been on the Board

of Directors of La Maison des Greffés Lina Cyr for the last 20 years , a Non-Profit Organization

that helps people from regions outside of Montréal waiting for transplant s. Sylvain a long -time

cyclist, is also on the organization of Défi Vélo , an annual 330 km two-day event from Montreal

to Québec City that raises money for La Maison des Greffés Lina Cyr.

Rob Duncan, M.Sc. – VP Exploration of Alianza Minerals Ltd.

Rob has over 30 years of experience in mineral exploration with a wide range of companies, from

major producers such as Rio Tinto and Inmet Mining Corporation, to junior explorers. He has held

senior management positions at several junior explorers exploring throughout the North American

Cordillera, Canadian Shield and Eastern Europe on a wide variety of deposit types including

orogenic gold, porphyry copper (gold), VMS, intrusion related gold, and epithermal gold -silver

systems. He also has over ten years of management experience specifically with prospect generator

companies, having held the position of Exploration Manager at Rimfire Minerals Corporation and

VP Exploration and Project Development at Evrim Resources Corp.

Sven Gollan, Manager of Business Development, comments ; "We are excited to welcome three

new ELVN team members to our Special Advisory Board, each with a unique and specialized

expertise in one of our three target areas going forward. With their individual experience in

Norway/Finland, Quebec/Ontario and BC/Yukon, our new advisors bring a wealth of knowledge

and experience that will be invaluable in helping us advance our exploration and deve lopment

efforts in these important regions going forward. We are confident that their insights and guidance

will help us achieve our goals and position our company for success."

CEO, Rob Cameron comments; “We are pleased to have Eric, Sylvain and Rob join the Company

in an advisory role. These three additions are a welcome addition to our expanding technical and

advisory team.”

About 1111 Exploration Corp.:

1111 Exploration Corp. is a Canadian mineral exploration company focused on creating

shareholder value through exploration, acquisition, and development of mineral projects. The

Company is currently in the process of a name change whereby it will be called Teako Minerals

Corp.

On behalf of the Board of Directors

Scott Young

Director

ELVN NEWS - 3 -

For further information, please call:

Scott Young

604-377-5781

[email protected]

Neither CSE Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or

accuracy of this release.

This news release may include forward -looking statements that are subject to risks and uncertainties. All

statements within, other than statements of historical fact, are to be considered forward looking. Although

the Company believes the expectations exp ressed in such forward -looking statements are based on

reasonable assumptions, such statements are not guarantees of future performance and actual results or

developments may differ materially from those in forward -looking statements. Factors that could c ause

actual results to differ materially from those in forward -looking statements include market prices,

exploitation and exploration successes, continued availability of capital and financing, and general

economic, market or business conditions. There ca n be no assurances that such statements will prove

accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do

not assume any obligation to update any forward -looking statements except as required under the

applicable laws.