Aldebaran Grants Incentive Stock Options

NEWS RELEASE

Aldebaran Grants Incentive Stock Options

November 1, 2022, (Vancouver, BC) – Aldebaran Resources Inc. ("Aldebaran" or the "Company", TSX-

V: ALDE, OTCQX: ADBRF) announces that incentive stock options have been granted to directors, officers,

employees and consultants to purchase up to 4,655,000 common shares at a price of $0.79 per share for five years,

pursuant to its Stock Option Plan. These stock options will vest over a two year period.

The Company currently has 138,578,790 shares issued and outstanding, along with 12,275,000 options (including

the options described above) and 10,689,831 warrants outstanding.

ON BEHALF OF ALDEBARAN RESOURCES INC.

John Black

CEO and Director

Phone: +1 604 685-6800

For further information, please consult our website at www.aldebaranresources.com or contact:

Ben Cherrington

Manager, Investor Relations

Phone: +1 347 394-2728 or +44 7538 244 208

Email: [email protected]

About Aldebaran Resources Inc.

Aldebaran is a mineral exploration company that was spun out of Regulus Resources Inc. in 2018 and has the

same core management team. Aldebaran has the right to earn up to an 80% interest in the Altar copper-gold project

in San Juan Province, Argentina from Sibanye Stillwater Limited. The Altar project hosts multiple porphyry

copper-gold deposits with potential for additional discoveries. Altar forms part of a cluster of world -class

porphyry copper deposits which includes Los Pelambres (Antofagasta Minerals), El Pachón (Glencore), and Los

Azules (McEwen Copper). In March 2021 the Company announced an updated mineral resource estimate for

Altar, prepared by Independent Mining Consultants Inc. and based on the drilling completed up to and including

2020.

Neither the 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 release.