Decade Resources Announces a $720,000 Increase to the Private Placement Financings for Total Gross Proceeds of $2,970,000

Decade Resources Ltd.

426 King Street

Stewart, BC

V0T 1W0

TSX.V Trading Symbol: DEC

Decade Resources Announces a $720,000 Increase to the Private Placement Financings for

Total Gross Proceeds of $2,970,000

Stewart, BC – August 17, 2023 – Decade Resources Ltd (“Decade” or the "Company") is pleased

to announce a $720,000 increase to the private placement financings announced on August 14th,

to accommodate increased investor demand.

Decade has amended the agreement with REDPLUG Inc. to increase the size of the bought deal

private placement by $480,000. Pursuant to the amended agreement, REDPLUG Inc. has agreed

to purchase, on a bought deal private placement basis, 8,250,000 flow through units at a price of

$0.24 per unit, for aggregate gross proceeds of $1,980,000 (the "Brokered Financing").

Decade has also increased the size of the non-brokered private placement by $240,000. Decade

will issue 2,750,000 flow through units at a price of $0.24 per unit, for gross proceeds of $660,000,

and 1,650,000 non-flow-through units at a price of $0.20 per unit, for gross proceeds of $330,000.

(the "Non-Brokered Financing").

The Company expects to raise total gross proceeds of $2,970,000 from the Brokered Financing

and the Non-Brokered Financing (together, the "Offering").

The unit terms remain the same as announced on August 14 th.

The share included in the non-flow-through unit is a common share.

The share included in the flow-through unit is a “flow-through share” as defined in the Income

Tax Act (Canada).

Both the non-flow-through unit and the flow-through unit include one transferable warrant

exercisable for the purchase of one additional common share, at a price of $0.32 per share, for 2

years.

The Offering is fully allocated.

Ed Kruchkowski, President of the Company comments: "The strong response to the financing,

and high volume on the market, are a testament to the excitement surrounding our August 8 th

announcement of a major copper discovery at our 100%-owned Nobody Knows copper project,

near Terrace, BC. We appreciate the support of all of our shareholders, old and new."

Proceeds from the sale of non-flow-through units will be used for general corporate purposes.

Proceeds from the sale of flow-through units will be utilized for incurring flow through expenses

that qualify as “Canadian exploration expenses” and “flow through critical mineral mining

expenditures” as defined in the Income Tax Act (Canada). Flow-through proceeds will primarily

be spent on the Nobody Knows Copper property, with a smaller portion to be spent on the Red

Cliff property.

The Offering is subject to approval of the TSX Venture Exchange (the “TSXV”).

All securities issued in the Offering will be subject to the statutory hold period of four months

and one day from the date of issuance, in accordance with applicable Canadian securities laws.

This news release does not constitute an offer of securities for sale in the United States. The

securities being offered have not been, nor will they be, registered under the United States

Securities Act of 1933, as amended, and such securities may not be offered or sold within the

United States absent U.S. registration or an applicable exemption from U.S. registration

requirements.

Decade Resources Ltd. is a Canadian based mineral exploration company actively seeking

opportunities in the resource sector. Decade holds numerous properties at various stages of

development and exploration from basic grass roots to advanced ones. Its properties and

projects are all located in the “Golden Triangle” area of northern British Columbia. For a complete

listing of the Company assets and developments, visit the Company website at

www.decaderesources.ca. For investor information please call 250-636-2264 or Gary Assaly at

604-377-7969.

Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101 is responsible for

the contents of this release. Ed Kruchkowski is not independent of Decade as he is the president

of the Company.

ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.

“Ed Kruchkowski”

Ed Kruchkowski, President

“Neither the 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.” “This news release may

contain forward–looking statements. Forward-looking statements address future events and conditions and therefore

involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such

statements.”