Report of Acquisition of Common Shares of Finlay Minerals Ltd.

REPORT OF ACQUISITION OF COMMON

SHARES OF FINLAY MINERALS LTD.

VANCOUVER, BC

,

Aug. 2, 2023

/CNW/ - John Andrew Barakso ("

Barakso

") reports that following

the acquisition of 100,000 common shares (the "

Common Shares

") of Finlay Minerals Ltd.

("

Finlay

") on the TSX Venture Exchange on

July 14, 2022

at

$0.08

per Common Share for total

consideration of

$8,000

(the "

Transaction

"), Barakso had acquired deemed beneficial ownership of

3,421,692 Common Shares of Finlay.

Immediately prior to the Transaction, Barakso had deemed beneficial ownership of 3,321,692

Common Shares representing 2.60% of the then deemed issued and outstanding Common Shares.

The 3,321,692 Common Shares, together with 9,395,500 Common Shares owned by a deemed joint

actor under applicable securities legislation, totaled 12,717,192 Common Shares representing

9.97% of the then deemed issued and outstanding Common Shares.

Immediately after the Transaction, Barakso had deemed beneficial ownership of 3,421,692 Common

Shares representing 2.68% of the then deemed issued and outstanding Common Shares. These

Common Shares, together with the Common Shares owned by the deemed joint actor, totaled

12,817,192 Common Shares representing 10.05% of the then deemed issued and outstanding

Common Shares, an increase of 0.08% in respect of the aggregate beneficial ownership of Common

Shares.

Barakso acquired the Common Shares for investment purposes. Barakso may, from time to time

and at any time, acquire additional Common Shares and/or other equity, debt or other securities or

instruments (collectively, "

Securities

") of Finlay in the open market or otherwise, and reserves the

right to dispose of any or all Securities in the open market or otherwise at any time and from time to

time, and to engage in similar transactions with respect to the Securities, the whole depending on

market conditions, the business and prospects of Finlay and other relevant factors.

A copy of the related early warning report filed under applicable securities laws is available under

Finlay's profile on SEDAR (

www.sedarplus.ca

) or from Barakso at (604) 684-3099.

"John Andrew Barakso"

_______________________

John Andrew Barakso

SOURCE

Finlay Minerals Ltd.

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http://www.newswire.ca/en/releases/archive/August2023/02/c1541.html

%SEDAR: 00018019E

CO: Finlay Minerals Ltd.

CNW 19:16e 02-AUG-23