Archon Announces Results of Annual and Special Meeting

Archon Minerals Limited

#2801 – 323 Jervis Street

Vancouver, BC, V6C 3P8

Tel: 604-682-3303

ARCHON ANNOUNCES RESULTS OF ANNUAL AND SPECIAL MEETING

August 3, 2023 – Vancouver, British Columbia TSX.V: ACS

Archon Minerals Limited (“Archon” or the “Company”) is pleased to announce the results of its annual

and special meeting of shareholders (the “Meeting”) held on August 1, 2023. The Company’s shareholders

have passed all resolutions put forth before them, including : (a) the election of Stewart Blusson, Ross

Blusson, Melody Yiu and Matthew Scoville as directors ; (b) the appointment of De Visser Gray LLP as

auditors for the ensuing year; and (c) t he adoption of a new omnibus equity incentive plan. For a copy of

the equity incentive plan and more information about the Meeting, please see the management information

circular filed under the Company’s profile on SEDAR.

For more information, please contact:

Stewart Blusson, President and CEO

Tel: 604-682-3303

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture

Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain “forward -looking

statements”, wh ich are statements about the future based on current expectations or beliefs. For this purpose, statements of

historical fact may be deemed to be forward -looking statements. Forward -looking statements by their nature involve risks and

uncertainties, and th ere can be no assurance that such statements will prove to be accurate or true. Investors should not place

undue reliance on forward -looking statements. The Company does not undertake any obligation to update forward -looking

statements except as required by law.