Aurum Lake Mining Corporation Announces Grant of Stock Options

AURUM LAKE MINING CORPORATION

Brookfield Place, Suite 4400

181 Bay Street, Toronto, ON M5J 2T3

PRESS RELEASE

September 27, 2022 TSX-V: ARL.P

AURUM LAKE MINING CORPORATION ANNOUNCES GRANT OF STOCK OPTIONS

TORONTO, ON – Aurum Lake Mining Corporation (the “Company”) announces that it has granted

an aggregate of 1,650,000 options to the Company’s directors, officers and technical consultants pursuant

to the Company’s CPC stock option plan (the “Option Plan”), each such option being exercisable into a

common share at a price of $0.10 per share on or before September 26, 2032.

About Aurum Lake Mining Corporation

The Company is a capital pool company created under Policy 2.4 of the TSX Venture Exchange (“TSXV”).

It does not own any assets, other than cash or cash equivalents. The principal business of the Company is

to identify and evaluate opportunities for the acquisition of an interest in assets or businesses and, once

identified and evaluated, to negotiate an acquisition or participation so as to complete a Qualifying

Transaction (as such term is defined in the policies of the TSXV) . Any proposed Qualifying Transaction

must be approved by the TSXV and, in the case of a non -arm’s length Qualifying Transaction, must also

receive majority approval of the minority shareholders. Until the completion of a Qualifying Transaction,

the Company will not carry on any business other than the identification and evaluation of businesses or

assets with a view to completing a proposed Qualifying Transaction.

For further information please contact:

Patrick Sapphire

Chief Executive Officer

647 530-1117

Neither 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.