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CRIV.CN ·

Carson River Closes Private Placement

Financings

Suite 820-1130 West Pender Street

Vancouver, BC V6E 4A4

Tel : 888 909-5548

Fax : 888 909-1033

Trading Symbol: CRIV

/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRE SERVICES/

NEWS RELEASE

CARSON RIVER CLOSES PRIVATE PLACEMENT

Vancouver, B.C. August 1, 2023 – Carson River Ventures Corp. (“Carson” or the “Company”) (CSE:

“CRIV”) is pleased to announce that it has completed a non-brokered private placement (the “Private

Placement”) by issuing an aggregate of 10,900,000 units (the “Units”) at a price of $0.06 per Unit for gross

proceeds of approximately $654,000.

Each Unit is comprised of one common share in the capital of the Company (“Share”) and one-half of a

non-transferable Share purchase warrant, whereby each whole warrant (“Warrant”) entitles the holder to

purchase one additional Share for a p eriod of 24 months from the date of issuance at an exercise price of

$0.10 per additional Share.

Proceeds from the Private Placement will be used primarliy for working capital, current properties and

potential new properties.

In connection with the closing of the Private Placement, the Company paid cash finder’s fees in the

aggregate amount of $13,866.00. No securities were paid to any finders in connection with the Private

Placement.

All securities issued in connection with the Private Placement are subject to a statutory four-month hold

period in accordance with applicable securities legislation expiring December 1, 2023.

ON BEHALF OF THE BOARD OF DIRECTORS

“Jeffrey Cocks”

________________________

Jeffrey Cocks

Chief Executive Officer and Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Carson River Ventures Corp.

Tel: 778 839-2909

Fax: 888 909-1033

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in

the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of

this release.

Cautionary Statements Regarding Forward Looking Information

This news release contains certain “forward -looking information” and “forward -looking statements” (collectively

“forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than

statements of historical fact, included herein, without limitation, statements relating to the future operations and

activities of Carson are forward -looking statements. Forward -looking statements are frequently, but not always,

identified by words such as “expects”, “anticipates”, “believes”, “ intends”, “estimates”, “potential”, “possible”,

and similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, or “should” occur

or be achieved. Forward -looking statements in this news release relate to, among other thin gs, the use of proceeds

from the Private Placement and exploration plans on the Company’s mineral claims. 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. Forward -looking statements reflect the beliefs, opinions and projections on th e date

the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable

by the Company , are inherently subject to significant business, economic, competitive, political and social

uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or

achievements to be materially different from the results, performance or achievements that are or may be expressed

or implied by such forward -looking statements and the parties have made assumptions and estimates based on or

related to many of these factors. Such factors include, without limitation, the ability to complete proposed exploration

work, the results of exploration, continued availability of capital, and chang es in general economic, market and

business conditions. Readers should not place undue reliance on the forward -looking statements and information

contained in this news release concerning these items. Carson does not assume any obligation to update the forward-

looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by

applicable securities laws.