Scout Minerals Announces Extension to Outside Date Relating to Mineral Claims Sale Agreement and Concurrent Private Placement Financing

Scout Minerals Announces Extension to Outside Date Relating to

Mineral Claims Sale Agreement and Concurrent Private Placement

Financing

Vancouver, British Columbia, May 8, 2023 – Scout Minerals Corp. (CSE: SCTM) (“Scout” or the

“Company”) announced today that the outside date (“Outside Date”) for closing the transactions

(the “ Acquisition”) contemplated by the mineral claims sale agreement announced by the

Company on April 13, 2023 has been amended from May 5, 2023 to May 31, 2023 . This

amendment to the Outside Date will also apply for purposes of the subscription receipt financings

(“Concurrent Financing”) concurrent to the Acquisition (please see news releases dated April

13, 2023 and April 18, 2023). The Company is in the proce ss of amending certain subscription

agreements as necessary.

About Scout Minerals Corp.

Scout Minerals Corp. is a junior mining company engaged in the acquisition, exploration and

development of mineral properties.

Qualified Person

The scientific and technical content of this news release has been reviewed and approved by

Afzaal Pirzada, P. Geo., who is a “qualified person” as defined by National Instrument 43 -101 -

Standards of Disclosure for Mineral Projects.

Contact information

For More Information please contact:

Jeffrey Wilson: Chief Executive Officer

E-mail: [email protected]

Certain statements contained in this news release, including statements which may contain words such as “expects”,

“anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which

are not historical facts, such as statements regarding the contemplated completion of the Acquisition and the

Concurrent Financing, are forward-looking information within the meaning of applicable securities laws. Such forward-

looking statements reflect management’s expectations and are based on certain factors and assumptions and involve

known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be

materially different from future resul ts, performance, or achievements expressed or implied by such forward -looking

statements. These factors should be considered carefully, and readers should not place undue reliance on the

Company’s forward-looking statements. The Company believes that the e xpectations reflected in the forward -looking

statements contained in this news release are reasonable, but no assurance can be given that these expectations will

prove to be correct, nor that the Acquisition will be completed as contemplated, or at all, or that the Concurrent Financing

will be completed as contemplated, or at all. The Company undertakes no obligation to release publicly any future

revisions to forward-looking statements to reflect events or circumstances after the date of this news or to re flect the

occurrence of unanticipated events, except as expressly required by law.

The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved

the contents of this press release.