Hudson Resources Inc. Announces Shares FOR Debt Transactions

FOR IMMEDIATE RELEASE TSX-V: HUD

September 28, 2022 OTC: HUDRF

NR2022-03

HUDSON RESOURCES INC. ANNOUNCES SHARES FOR DEBT TRANSACTIONS

Vancouver, BC – HUDSON RESOURCES INC. (“Hudson” or the “Company”) (TSX Venture Exchange “HUD”;

OTC “HUDRF”) announces that the Company has agreed to issue an aggregate of 3,233,333 common

shares of the Company (the “Settlement Shares”) at a price of C$0.05 per share in settlement (the “Debt

Settlement”) of outstanding accounts payable and accrued liabilities totaling C$161,666.67 for directors’

fees owing to former and current directors of the Company and for management fees owing to the Chief

Financial Officer of the Company.

The issuance of Settlement Shares to David Frattaroli, Kevin Crawford, Donna Phillips, Antony Harwood,

each a director of the Company, and to Samuel Yik, the Chief Financial Officer of the Company (collectively,

the “ Related Parties ”), will each be considered to be a "related party transaction" as defined under

Multilateral Instrument 61-101 – Protection of Minority S ecurityholders in Special Transactions ("MI 61-

101"). The issuance of Settlement Shares, as it relates to the Related Parties, is exempt from the minority

approval and formal valuation requirements of MI 61-101 pursuant to subsections 5.5(a) and 5.7(1)(a) of

MI 61-101.

The Debt Settlement is subject to TSX Venture Exchange approval. The Settlement Shares will be subject

to a statutory hold period of four months from the date of issuance, in accordance with applicable

securities legislation.

ON BEHALF OF THE BOARD OF DIRECTORS

“Jim Cambon”

President and Director

For further information:

Ph: 778-373-2164

Forward-Looking Statements

This news release includes certain forward-looking statements or information. All statements other than statements of historical

fact included in this news release, including, without limitation, statements regarding the completion of the Debt Settlement

and approval by the TSX Venture Exchange thereof, are forward-looking statements that involve various risks and uncertainties.

There can be no assurance that such statements will prove to be accurate and actual results and future events could differ

materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from

the Company’s plans or expectations include market prices, general economic, market or business conditions, regulatory

changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings

made by the Company with securities regulators. Such factors include, without limitation, the risk that the Company does not

receive approval o f the TSX Venture Exchange for the Debt Settlement. The Company expressly disclaims any intention or

obligation to update or revise any forward - looking statements whether as a result of new information, future events or

otherwise except as otherwise required by applicable securities legislation.

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.