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Halcones Precious Metals Announces Extension of Private Placement

Financings

HALCONES PRECIOUS METALS ANNOUNCES EXTENSION OF PRIVATE PLACEMENT

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR

DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Toronto, Ontario , August 2, 2023 – Halcones Precious Metals Corp. (TSXV: HPM) (the “Company” or

“Halcones”) announces that further to its press releases dated June 21, 2023 and July 19, 2023, it has received

an extension from the TSX Venture Exchange (“ TSXV”) with respect to the duration of its previously

announced non-brokered private placement of units of the Company (the “Units”), at a price of $0. 05 per

Unit, for gross proceeds of up to $ 3,000,000 (the “ Offering”). As such, the out side date upon which final

acceptance of the Offering may be granted by the TSXV has been extended from August 5, 2023 to August

25, 2023.

The securities being offered have not, nor will they be registered under the United States Securities Act of

1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit

of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

This release does not constitute an offer for sale of securities in the United States.

About Halcones

Halcones Precious Metals Corp. is focused on exploring for and developing gold -silver projects in the

Maricunga Belt, Chile, the premiere gold mining district in South America. The Company has a team with a

strong background of exploration success in the region.

For further information, please contact:

Vincent Chen

Investor Relations

[email protected]

www.halconespreciousmetals.com

Cautionary Note Regarding Forward-looking Information

This press release contains “ forward-looking information ” within the meaning of applicable Canadian

securities legislation. Forward-looking information includes, without limitation, regarding the Offering, the

closing of the Offering and the Company’s futu re plans. Generally, forward -looking information can be

identified by the use of forward -looking terminology such as “ plans”, “expects” or “does not expect ”, “is

expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not

anticipate”, or “ believes”, or variations of such words and phrases or state that certain actions, events or

results “may”, “could”, “would”, “might” or “will be taken ”, “occur” or “be achieved ”. 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 Halcones, as the case may be, to be materially

different from those expressed or implied by such forward-looking information, including but not limited to:

general business, economic, competitive, geopolitical and social uncertainties; the actual results of current

exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate

the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although

Halcones has attempted to identify important factors that could cause actual results to differ materially from

those contained in 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 information will prove to be

accurate, as actual results and future events could differ materially from thos e anticipated in such

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

does not undertake to update any forward -looking information, except in accordance with applicable

securities laws.

NEITHER 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.