Butte Energy Announces Private Placement

BUTTE ENERGY INC.

SUITE 3123 – 595 BURRARD STREET

VANCOUVER, BC V7X 1J1

TEL: 604-609-6110

BUTTE ENERGY ANNOUNCES PRIVATE PLACEMENT

March 24, 2022 TSXV – BEN.H

Vancouver, British Columbia – Butte Energy Inc. (TSXV – BEN.H) (the “Company”) announces a

non-brokered private placement of 1,500,000 units (each, a “Unit”) at a price of $0.07 per Unit for gross

proceeds of $105,000. Each Unit consists of one common share of the Company, and one common share

purchase warrant (each, a “Warrant”). Each whole Warrant entitles the holder to acquire an additional

common share of the Company at a price of $0.10 per share for 5 years from the date of the closing of the

offering (the “Closing Date”).

The private placement is subject to regulatory approval.

On behalf of BUTTE ENERGY INC.

“Geir Liland”

Chief Executive Officer

For further information please contact:

Tel: 604.609.6110

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.

Statements included in this announcement, including statements concerning our plans, intentions and expectations,

which are not historical in natur e are intended to be, and are hereby identified as, “forward‐ looking statements”.

Forward‐looking statements may be identified by words including “anticipates”, “believes”, “intends”,

“estimates”, “expects” and similar expressions. The Company cautions readers that forward‐ looking statements,

including without limitation those relating to the Company's future operations and business prospects, are subject to

certain risks and uncertainties that could cause actual results to differ materially from those indicated in the

forward‐looking statements.