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Musk Metals Corporate Update

Corporate Updates

MUSK METALS CORPORATE UPDATE

June 6, 2023, VANCOUVER, BC – Musk Metals Corp. (“Musk Metals” or the “Company”) (CSE: MUSK)

(OTC: EMSKF) (FSE: 1I30) announces its intention to consolidate its common shares (“Shares”) on a 4-old-for-

1-new share basis (the “Consolidation”).

The Shares currently issued and outstanding will be reduced to approximately 18,593,776 post-Consolidation Shares.

Under the Consolidation, no fractional shares will be issued. After the Consolidation, each fractional share less than

one-half of a share will be cancelled and each fractional share that is at least one -half of a share will be rounded up

to the nearest whole share. Th e exercise or conversion price and the number of shares issuable under any of the

Company’s outstanding stock options and convertible instruments, as applicable, will be proportionately adjusted

upon completion of the Consolidation. A letter of transmittal will be sent to registered shareholders providing

instructions to surrender the certificates evidencing their Shares for replacement certificates representing the number

of post -consolidation Shares to which they are entitled as a result of the Consolidat ion. Until surrendered, each

certificate representing Shares prior to the Consolidation will be deemed for all purposes to represent the number of

Shares to which the holder thereof is entitled as a result of the Consolidation. Non-registered shareholders should

consult their broker for further information.

The Board of Directors of the Company believes that the Consolidation is necessary to better position the Company

for future corporate development opportunities and financing transactions . There will be no name change in

conjunction with the Consolidation.

The Board have set June 12, 2023, as the record date of the Consolidation. Trading of the Post Consolidated Common

Shares on the Canadian Securities Exchange ("CSE") is expected to commence on or about June 9, 2023, subject to

final approval by the CSE. The Company CUSIP and ISIN number will change upon the completion of the

Consolidation. The Company's name and stock symbol will remain unchanged following the Consolidation.

About Musk Metals Corp.

Musk Metals is a publicly traded exploration company focused on the development of highly prospective, discovery-

stage mineral properties located in some of Canada's top mining jurisdictions.

Make sure to follow the Company on Twitter, Instagram and Facebook as well as subscribe for Company updates at

http://www.muskmetals.ca/

ON BEHALF OF THE BOARD

___Nader Vatanchi___

CEO & Director

For more information on Musk Metals, please contact:

Phone: 604-717-6605

Corporate e-mail: [email protected]

Website: www.muskmetals.ca

Corporate Address: 2905 – 700 West Georgia Street, Vancouver, BC, V7Y 1C6

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements. All statements, other than statements of historical fact that

address activities, events, or developments that the Company believes, expects or anticipates will or may occur in the

future are forward-looking statements. Forward-looking statements in this news release include, but are not limited

to, statements regarding the intended use of proceeds of the Offering and other matters regarding the business plans

of the Company. The forward-looking statements reflect management’s current expectations based on information

currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially

from those discussed in the forward-looking statements including that the Company may use the proceeds of the

Offering for purposes other than those disclosed in this news release; adverse market conditions; and other factors

beyond the control of the Company. Although the Company believes that the assumptions inherent in the forward-

looking statements are reasonable, forward-looking statements are not guarantees of future performance and,

accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that could

cause actual results or events to differ materially from current expectations include general market conditions and

other factors beyond the control of the Company. The Company expressly disclaims any intention or obligation to

update or revise any forward-looking statements whether as a result of new information, future events or otherwise,

except as required by applicable law.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the

contents or accuracy of this press release.