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FLCN.V ·

Srg Mining Inc. Announces Director Dsu Grant

Management Changes Share Capital & Compensation

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SRG Mining Inc.

1320 Graham, Suite 132

Ville Mont-Royal, Québec

H3P 3C8

PRESS RELEASE FOR IMMEDIATE RELEASE

SRG MINING INC. ANNOUNCES DIRECTOR DSU GRANT

Montreal, Quebec, July 29, 2022 - SRG Mining Inc. (TSXV: SRG) (“ SRG” or the “ Company)

announced today that in connection with services rendered the Company has issued 279,221

Deferred Share Units (DSUs) to directors. In accordance with the Company’s Amended and

Restated Long-Term Incentive Plan, the DSUs were priced based on the 5 day VWAP ending July

27, 2022 of the Company’s common shares on the TSX Venture Exchange.

About SRG Mining

SRG Mining is a Canadian-based mining company focused on developing the Lola Graphite Project

located in the Republic of Guinea, West Africa. The Lola Graphite Project has Probable Reserves of

42Mt at a grade of 4.2% Cg. SRG aims to develop a fully integrated source of battery anode material

to supply the European lithium-ion and fuel cell markets. With attractive operating costs, proximity to

European end-markets and strong ESG credentials, the Company is poised to become a reliable

supplier while promoting sustainability and supply chain transparency. SRG is committed to generating

sustainable, long-term benefits that are shared with the host countries and communities where it operates.

For additional information, please visit SRG’s website at www.srgmining.com.

Contact:

Matthieu Bos

President & CEO

Email: [email protected]

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the

TSXV) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS

This press release contains "forward-looking information" within the meaning of Canadian securities

legislation. All information contained herein that is not clearly historical in nature may constitute

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forward-looking information. Generally, such forward-looking information can be identified by the use

of forward -looking terminology such as “plan”, “result”, “confirm”, “target”, “increase”, “expect”,

“scheduled”, “enable”, projected”, “drive”, “aim”, “realise”, “growth”, “goals”, “continue”, “advance”,

“potential”, “will”, “demonstrate”, “deliver”, “believe”, or variations of such words and phrases or state

that certain actions, events or results "may", "could", "would" or "might". Forward-looking information

is subject to known and unknown risks, uncertainties and other factors that may cause the actual

results, level of activity, performance or achievements of the Company to be materially different from

those expressed or implied by such forward-looking information, including but not limited to: (i) volatile

stock price; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs

and impairments; (iv) the risk associated with exploration, development and operations of mineral

deposits and mine plans for the Company’s mining operations; (v) the risk associated with establishing

title to mineral properties and assets including permitting, development, operations and production

from the Company’s operations being consistent with expectati ons and projections; (vi) fluctuations

in commodity prices, finding offtake takers and potential clients or enforcing such agreements against

same and other risks and factors described or referred to in the section entitled "Risk Factors" in the

MD&A of the Company and which is available at www.sedar.com, all of which should be reviewed in

conjunction with the information found in this news release.

Although the Company has attempted to identify important factors that could cause actual results to

differ materially from those contained in the forward -looking information, there may be other factors

that cause results not to be as anticipated, estimated or intended. There can be no assurance that

such forward-looking information will prove to be accurate, as actual results and future events could

differ materially from those anticipated in such forward -looking information. Such forward -looking

information has been provided for the purpose of assisting investors in understanding the Company's

business, operations and exploration plans and may not be appropriate for other purposes.

Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking

information is given as of the date o f this press release, and the Company does not undertake to

update such forward-looking information except in accordance with applicable securities laws.