EGR Extends the Term of Warrants

Trading Symbol (TSX-V: EGR)

410-325 Howe Street

Vancouver, British Columbia

Canada V6C 1Z7

Tel: (604) 687 3520

Fax: 1-888-889-4874

www.EGRExploration.com

EGR Extends the Term of Warrants

Vancouver, BC, April 11, 2023 – EGR Exploration Ltd. (TSX-V:EGR) (“EGR” or the

“Company”) announces that the Company intends to extend 1,777,778 share purchase

warrants (the “Warrants”) from the private placement that closed April 15, 2021. The

Warrants will be extended for twelve months with a new expiration of April 15, 2024 and

an exercise price of $0.69.

All other terms and conditions of the Warrants remain unchanged. The Warrant

extension is subject to acceptance by the TSX Venture Exchange.

About EGR Exploration Ltd.

EGR Exploration Ltd. is exploring for gold in the Detour-Fenelon Gold Trend

approximately 300 kilometres north of Timmins, Ontario. EGR’s 40,255 hectare Detour

West gold project is contiguous to Agnico Eagle’s property which contains the Detour

Lake Gold Mine and is approximately 20 kilometres from the mine, which is also hosted

in the Abitibi Greenstone Belt.

For further information contact:

Daniel Rodriguez

CEO & Director

Phone: (604) 353-4080

Email: [email protected]

Forward‐Looking Statement (Safe Harbor Statement): This press release contains

forward-looking statements within the meaning of applicable securities laws. The use of

any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may",

"will", "project", "should", "predict", "potential" and similar expressions are intended to

identify forward-looking statements. In particular, this press release contains forward-

looking statements concerning the Company's exploration plans. 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 they

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 assumptions,

factors and risks. These assumptions and risks include, but are not limited to,

assumptions and risks associated with conditions in the equity financing markets, and

assumptions and risks regarding receipt of regulatory and shareholder approvals.

Management has provided the above summary of risks and assumptions related to

forward-looking statements in this press release in order to provide readers with a more

comprehensive perspective on the Company's future operations. The Company's actual

results, performance or achievement could differ materially 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 statements will transpire

or occur, or if any of them do so, what benefits the Company will derive from them.

These forward-looking statements are made as of the date of this press release, and,

other than as required by applicable securities laws, the Company disclaims any intent

or obligation to update publicly any forward-looking statements, whether as a result of

new information, future events or results or otherwise. 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.