Blast Resources Announces Extension of Private Placement of Convertible Debentures

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THIS NEW S REL EASE IS NOT FOR D ISTRIBU TION TO U .S. NEW SW IRE SERV ICES

OR FOR DISSEMINATION IN THE UNITED STATES

Blast Resources Announces Extension of Private

Placement of Convertible D ebentures

Va n c o u ve r, Britis h Colum bia , September 13, 2024 ‐ B last R esources I nc. (“ Blas t” o r t h e

“Company ”) (CSE: BLST) announce s that, further to its news release on July 30, 2024, it has

extended its non-brokered private placement offering of non -transferrable uns ecured

converti bl e debentures (“ D ebentures ” ) for aggregate gross proceeds of up to $150, 000 (the

“Offering ”) to October 28, 2024 .

The D ebentures will bear no interest and will mature on the date that is six months from the date

of issuance (the “ Maturity D ate”). The principal amount of the D ebentures may, at the holder’ s

election, at any time before the Maturity Date and subject to the restriction below , be converted

into common shares at $0.05 per share (the “ Conversion”). The Conversion by holders of

D ebentures of a ll or a ny pa rt of the principa l a m ount of the De be ntures will be re s tricte d a nd

prohibited unless the Company has, with in s ix m onths following the clos ing da te of the Offering ,

completed arm’ s length equity financing(s) for minimum gross proceeds of $600, 000.

The proceeds raised from the Offering are expected to be used for working capital and general

corporate purposes.

The D ebentures and any securities issuable upon conversion will be subject to a four month

a nd one da y hold pe riod in a ccorda nce with a pplica ble Ca na dia n s e curities la ws .

About Blast Resources Inc.

Bla s t is a m ine ra l e xplora tion com pa ny tra ding on the Ca na dia n Se curitie s Excha nge . The

Company has an opti on over a m ine ra l e xplora tion proje ct in Saskatchewan. The proj ect i s

located near Highway 955 south of Wales L ake and sits just outside the southwest margin of

the A thabasca Basin. The properties sit in geographic proximity to the Patterson L ake Corridor

which contains two known U ranium. This ar ea of Saskatchewan i s the center of intense geologic

expl orati on over the l ast coupl e of years due to the nu mber economic and near economic

discoveries of U ranium Oxide(U 3O8) and the great grades that are being discovered.

ON BEHALF OF THE BOARD

Ga ry Cla ytens

President and CEO

For further information, please contact:

Blast Resources Inc.

E-m a il: info@bla s tre s ource s .com

Webs ite : www.blastresources.com

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Forward -L ooking Statement (Safe Harbor Statement): This press release contains forward l ooking statements within

the mea ning of a pplica ble s ecurities laws . The use of any of the words “ anticipate” , “ plan” , “ continue” , “ expect” ,

“e s t im a t e ”, “o b je c t ive ”, “m a y”, “will”, “p ro je c t ”, “s h o u ld ”, “p re d ic t ”, “p o t e n t ia l” and similar expressi ons are intended to

identify forward looking statements. In pa rticular, this press release contains forward looking statements concerning the

Offering, use of proceeds from the Offering , conversion of the Debentures, and the Company c ompleting arm’ s l ength

equity financing(s) for minimum gross proceeds of $600,000.

Although the Company believes that the expectations and assumptions on which the forward -looking statements are

based are reasonable, undue reliance should not be placed on the forward -looking statements because the Company

cannot give any assurance that t hey will prove correct. Since forward looking statements address future events and

conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those

currently anticipated due to a number of assumptio ns, factor s and ri sk s. These assumptions and risks include, but are

not limited to, a s s umptions a nd ris ks a s s ocia ted with mineral explora tion generally a nd res ults from a nticipa ted a nd

proposed exploration programs, conditions in the equity financing mark ets, and assumpti ons and risks regarding recei pt

of regulatory and shareholder approvals

Management has provided the above summary of risks and assumptions related to forward looking statements in thi s

press release in order to provide readers with a more comprehensive perspective on the Company ’ s future operations.

The Company’ s actual result s, performance or achi evement could differ material ly from those expressed in, or implied

by, these forward -looking statements and, accordingly, no assurance can be given that any of the events anticipated by

the forward -looking s ta tem e nts will tra ns pire or occur, or if any of them do so, what benefits the Company will derive

from them. These forward -l ooking statements are made as of the date of this press release, and, other than as required

by a pplica ble s ecurities la ws , the Compa ny dis cla ims a ny intent or obliga tion to upda te publicly a ny forward -looking

statements, whether as a result of new information, future events or results or otherwise .

Neither the CSE E xchange nor its R egulation Services Prov ider (as that term is defined in the policies of the CSE ) accepts

responsibility for the adequacy or accuracy of this release.

The securiti es offered have not been and wil l not be registered under the U nited States Securiti es A ct of 1933, as

amended, and may not be offered or sold in the U nited States absent regi strati on or appl i cable exempti on from the

regi strati on requirements. This news release does not constitute an offer to sell or the solicitation of any offer to buy nor

will there be a ny s ale of thes e s ecurities in a ny province, s ta te or juris diction in which s uch offer, s olicita tion or s ale would

be unlawful prior to registrati on or qualification under the securities laws of any such province, state or jurisdiction.