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ESK.V ·

Eskay Reports on Annual Meeting

Shareholder Meetings

1

82 Richmond Street East

Toronto, ON M5C 1P1

T: 416 907 4020

E: [email protected]

W: eskaymining.com

NEWS RELEASE

FOR IMMEDIATE RELEASE: October 4, 2023

Eskay Reports on Annual Meeting

Toronto, October 4, 2023 – Eskay Mining Corp. (“Eskay” or the “Company”) (TSX-V:ESK)

(OTCQX: ESKYF) (Frankfurt:KN7)(WKN:A0YDPM) is pleased to announce that at the Shareholders

Meeting held on October 3, 2023, shareholders overwhelmingly approved all matters in the Notice of

Meeting including the adoption of the 2023 Incentive Stock Option Plan (the “2023 SOP”). The 2023 SOP

was appended to the Management Information Circular (the “Information Circular ”) dated August 21,

2023 as Schedule “B”, a copy of which was filed on sedarplus.com on August 31, 2023. All changes to the

2016 Stock Option Plan made pursuant to the 2023 SOP are set out in a black-lined version of the 2023

SOP appended as Schedule “C” to the Information Circular. The Company wishes to bring to the attention

of shareholders the following amendments. The 2023 SOP requires that the Company obtain disinterested

shareholder approval of any decrease in the exercise price of or extensions to any stock options granted to

individuals that are insiders at the time of the proposed amendment. In addition, the 2023 SOP clarifies the

fact that any option that has an expiry date that occurs within ten (10) Business Days from the end of a

Blackout Period shall not be extended and shall expire if unexercised by the original expiry date.

About Eskay Mining Corp:

Eskay Mining Corp (TSX-V:ESK) is a TSX Venture Exchange listed company, headquartered in Toronto,

Ontario. Eskay is an exploration company focused on the exploration and development of precious and

base metals along the Eskay rift in a highly prolific region of northwest British Columbia known as the

“Golden Triangle,” 70km northwest of Stewart, BC. The Company currently holds mineral tenures in this

area comprised of 177 claims (52,600 hectares).

All material information on the Company may be found on its website at www.eskaymining.com and on

SEDAR at www.sedar.com.

For further information, please contact:

Mac Balkam T: 416 907 4020

President & Chief Executive Officer E: [email protected]

2

82 Richmond Street East

Toronto, ON M5C 1P1

T: 416 907 4020

E: [email protected]

W: eskaymining.com

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.

Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks

and uncertainties, which may cause actual results to differ materially from the statements made. When

used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”,

“believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking

statements. Such statements reflect our current views with respect to future events and are subject to risks

and uncertainties. Many factors could cause our actual results to differ materially from the statements

made, including those factors discussed in filings made by us with the Canadian securities regulatory

authorities. Should one or more of these risks and uncertainties, such as actual results of current

exploration programs, the general risks associated with the mining industry, the price of gold and other

metals, currency and interest rate fluctuations, increased competition and general economic and market

factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual

results may vary materially from those described herein as intended, planned, anticipated, or expected. We

do not intend and do not assume any obligation to update these forward-looking statements, except as

required by law. Shareholders are cautioned not to put undue reliance on such forward-looking

statements.