Early Warning News Release - Golcap Resources Corp.

CREST RESOURCES INC.

EARLY WARNING NEWS RELEASE ISSUED PURSUANT TO NI 62-103

DISPOSITION OF COMMON SHARES OF GOLCAP RESOURCES INC.

Vancouver, B.C. – March 1, 2023 – This news release is being disseminated by Crest Resources Inc. (the

“Acquiror”) pursuant to National Instrument 62-103, The Early Warning System and Related Take -Over

Bid and Insider Reporting Issues (“NI 62-103”), in connection with the disposition of certain common

shares (the “Common Shares”) of Golcap Resources Inc. (the “Issuer”), a British Columbia corporation

whose common shares are listed for trading on the Canadian Securities Exchange under the symbol “GCP”.

On March 1, 2023, the Acquiror disposed of 1,000,000 Common Shares of the Issuer at a price of $0.075

per Common Share through the facilities of the Canadian Securities Exchange (the “Transaction”) which

represents a change in the Acquiror’s securityholding percentage from 20.94% to 10.20%.

Prior to the Transaction, the Acquiror owned and controlled 1,949,000 Common Shares and 2,100,000

warrants of the Issuer representing 20.94% of the issued and outstanding Common Shares of the Issuer

based on a total of 9,311,175 Common Shares outstanding as of February 28, 2023; or 4,049,000 Common

Shares of the Issuer representing 35.49% assuming exercise of the 2,100,000 warrants held by the Acquiror.

Subsequent to the Transaction, the Acquiror owned and controlled 949,000 Common Shares and 2,100,000

warrants of the Issuer representing 10.20% of the issued and outstanding Common Shares of the Issuer

based on a total of 9,311,175 Common Shares out standing as of March 1, 2023; or 3,049,000 Common

Shares of the Issuer representing 26.72% assuming exercise of the 2,100,000 warrants held by the Acquiror.

The Acquiror disposed of 1,000,000 Common Shares of the Issuer at a price of $0.075 per Common Share

for the sale price of $75,000 through the facilities of the Canadian Securities Exchange.

The Acquiror has disposed the Common Shares for investment purposes and in accordance with applicable

securities laws. The Acquiror may, from time to time, acquire additional common shares and/or other

equity, debt or other securities or instruments (collectively, “ Securities”) of the Issuer in the open market

or otherwise, and reserves the right, subject to applicable securities law, to dispose of any or all of its

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 the Issuer and other relevant factors.

A copy of the early warning report dated March 1, 2023 to be filed by the Acquiror in connection with the

disposition of the Common Shares of the Issuer will be available on SEDAR at www.sedar.com under the

Issuer’s profile. A copy of such report will also be available from the Acquiror upon written request to

Crest Resources Inc. 2900-733 Seymour Street, Vancouver, BC V6B 0S6.

For additional information, contact:

Emma Fairhurst

Chairperson and Director

Crest Resources Inc. 778 819 2709