Mineral Hill Industries Ltd. Announces a Corporate Update as Result of Its Board of Directors Meeting

Trading Symbols:

TSX Venture Exchange: MHI

Frankfurt: MLN/WKN: A1JKJN

OTC Market (US): MHIFF

NEWS RELEASE

HO:

#170- 422 Richards Street, Tel : 647-402-0957

Vancouver, BC, Canada, V6B 2Z4

www.MineralHill.com Email: [email protected]

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MINERAL HILL INDUSTRIES LTD. ANNOUNCES A CORPORATE UPDATE AS

RESULT OF ITS BOARD OF DIRECTORS MEETING

Vancouver, BC, Canada – August 23, 2024

Mineral Hill Industries Ltd. (“MHI” or “Company”), listed on the TSX Venture Exchange

(“TSXV”) under the trading Symbol “MHI”, on the Deutsche Boerse, Frankfurt under the

trading Symbol “MLN”, and on OTC Market under the trading Symbol “MHIFF”, wishes to

announce the following corporate updates after it held its Board of Directors (“BoD”)

meeting on August 20, 2024.

Mr. Dieter Peter resigned as Chief Executive Officer and President of the Company due

to his retirement and nominated Mr. Reno Calabrigo to take on those positions who

accepted the positions after a vote was duly taken.

Mr. Eric Peter-Kaiser resigned as Director and Member of the Audit Committee due to

other professional commitments but agreed to stay on as interim Chief Financial Officer and

interim Corporate Secretary until qualified replacements have been appointed in the next

few weeks.

The Board would like to thank both gentlemen for their long service to the Company

and wish them well in their future endeavors.

To replace Mr. Peter-Kaiser as Director Mr. Calabrigo nominated Mr. Yves Kandel, a

lawyer with his residence in Germany. The Company has confirmed his acceptance through

a “Consent to Act” form.

The BoD decided to appoint only members to the Audit Committee at this time and to

postpone the nominations for Corporate Governance & Human Resources Committee,

Environment & Safety Committee and the Advisory Committee to one of the next Board

meetings. Until such time the entire BoD assumes any discussions and decisions arising in

respect to possible related committee issues.

The following persons be appointed to the Audit Committee:

Franz Walter Convents Member

Yves Kandel Member

2HO:

#170- 422 Richards Street, Tel :604-617-6794

Vancouver, BC, Canada, V6B 2Z4 Fax:604-568-9844

www.MineralHill.com Email:[email protected]

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THE COMPANY SEEKS SAFE HARBOR

For further information, please contact: Reno J Calabrigo, CEO, Tel: (647) 402-0957

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.