Dinero Announces Closing of Non-Brokered Private Placement

Dinero Ventures Ltd.

426 King Street

Stewart, BC

V0T 1W0

TSX.V Trading Symbol: DNO

NEWS RELEASE

October 31, 2023

DINERO ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Stewart, BC – Dinero Ventures Ltd. (“Dinero” or the Company) has closed a non-

brokered private placement of flow-through units to raise aggregate gross proceeds of

$200,000.

A total of 1,333,332 flow-through units were issued at the price of 15 cents per unit to

raise $200,000. Each flow-through unit consists of one flow-through common share of the

company and one transferable non-flow-through common share purchase warrant. Each

warrant entitles the holder to purchase, for a period of 24 months, one additional common

share of the company, at a price of 25 cents per share.

All the shares and warrants, and any shares issued upon exercise of the warrants

comprising the units, are subject to a hold period and may not be traded in Canada until

March 1, 2024, except as permitted by applicable Canadian securities laws and the TSX

Venture Exchange.

Directors of the Company acquired 666,666 flow-through units for $100,000. These

transactions are considered to be related party transactions, as defined under Multilateral

Instrument 61-101. However, they are exempt from the formal valuation and minority

shareholder approval requirements as neither the fair market value of the shares issued

to, or the consideration paid, exceed 25 per cent of the company’s market capitalization,

as determined in accordance with MI 61-101.

The proceeds from the sale of the flow-through shares will be expended on the company's

properties located in British Columbia.

Dinero Ventures Ltd. is a Canadian based mineral exploration company actively seeking

opportunities in the resource sector. For investor information please call 250-636-6224.

ON BEHALF OF THE BOARD OF DINERO VENTURES 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.”