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BOGO.V ·

Borealis Announces Conditional Approval FOR Listing ON the TSX Venture Exchange and Commencement of Trading

Listings & Exchange

BOREALIS MINING COMPANY LIMITED

410 West Georgia Street, 5th Floor

Vancouver, BC V6B 1Z3

BOREALIS ANNOUNCES CONDITIONAL APPROVAL FOR LISTING ON THE

TSX VENTURE EXCHANGE AND COMMENCEMENT OF TRADING

Vancouver, British Columbia – August 6 , 2024 – Borealis Mining Company Limited

(the “Company” or “Borealis”) is pleased to announce that it has received conditional approval

of the TSX Venture Exchange (“TSXV”) to list its common shares on the TSXV. The Company’s

common shares will commence trading on the TSXV under the symbol “BOGO”, effective market

open on August 7, 2024.

About Borealis

Borealis is a gold mining and exploration company focused on exploration and resumption of

production of the Borealis Mine in Nevada. The Borealis Mine is a fully permitted minesite,

equipped with active heap leach pads, an ADR facility, and all necessary infrastructure to support

a heap leach gold mining operation. In addition to the mine, the property, comprised of 751

unpatented mining claims of approximately 20 acres each totalling approximately 15,020 acres

and one unpatented mill site claim of about five acres located in western Nevada, is highly

prospective for additional high- sulfidation gold mineralization. Borealis is led by a strong board

and managem ent team, many of whom have founded, managed, and sold highly successful

mining and exploration companies.

For further information, please contact:

Kelly Malcolm

President and Chief Executive Officer

Tel: (647) 299-1153

Email: [email protected]

Website: www.borealismining.com

This news release may contain certain “forward- looking information” within the meaning of

applicable securities law. Forward looking information is frequently characterized by words such

as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “e stimate”, “may”, “will”, “would”,

“potential”, “proposed” and other similar words, or statements that certain events or conditions

“may” or “will” occur. These statements are only predictions. Forward-looking information is based

on the opinions and estimates of management at the date the information is provided, and is

subject to a variety of risks and uncertainties and other factors that could cause actual events or

results to differ materially from those projected in the forward- looking information. For a

description of the risks and uncertainties facing the Company and its business and affairs, readers

should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes

no obligation to update forward-looking information if circumstances or management’s estimates

or opinions should change, unless required by law. The reader is cautioned not to place undue

reliance on forward-looking information.