Aurum Lake Mining Corporation Announces Resignation of Director

AURUM LAKE MINING CORPORATION

Brookfield Place, Suite 4400

181 Bay Street, Toronto, ON M5J 2T3

PRESS RELEASE

May 31, 2023 TSX-V: ARL.P

AURUM LAKE MINING CORPORATION ANNOUNCES RESIGNATION OF DIRECTOR

TORONTO, ON – Aurum Lake Mining Corporation (the “Company”) announces that Ms. Terry Wong

has resigned from the Board of Directors to focus on other commitments effective immediately.

The Company expresses sincere thanks to Ms. Wong for her efforts and contributions as director of the

Company.

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:

Patrick Sapphire

Chief Executive Officer

Tel: 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.