Kiplin Metals Announces Private Placement

NEWS RELEASE

KIPLIN METALS ANNOUNCES PRIVATE PLACEMENT

July 4th, 2023 – Kiplin Metals Inc. (TSX-V: KIP) (the “Company” or “Kiplin”) is pleased to

announce that it will conduct a non-brokered private placement (the “Offering”), under the Listed

Issuer Financing Exemption (as defined below), of up to 15,000,000 units of the Company (each,

a “Unit”) at a price of $0.20 per Unit to raise gross proceeds of up to $3,000,000. Each Unit will

consist of one common share of the Company and one common share purchase warrant (each,

a “Warrant”). Each Warrant will entitle the holder to purchase one common share of the Company

at a price of $0.25 at any time on or before that date which is twelve months after the closing date

of the Offering.

The net proceeds raised from the Offering will be used to advance the upcoming exploration

program on the Cluff Lake Road (CLR) Uranium Project, located in the Southwestern Athabasca

basis of Northern Saskatchewan, and for general working capital purposes.

Subject to compliance with applicable regulatory requirements and in accordance with National

Instrument 45-106 – Prospectus Exemptions (“NI 45-106 ”), the Offering is being made to

purchasers resident in Canada, except Quebec, pursuant to the listed issuer financing exemption

under Part 5A of NI- 45-106 (the “Listed Issuer Financing Exemption”). The securities offered

under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance

with applicable Canadian securities laws. There is an offering document related to the Offering

that can be accessed under the Company’s profile at www.sedar.com and on the Company’s

website at: www.kiplinmetals.com. Prospective investors should read this offering document

before making an investment decision.

The Company may pay finders’ fees to eligible parties who have assisted in introducing

subscribers to the Offering. Closing of the Offering remains subject to the approval of the TSX

Venture Exchange.

About Kiplin Metals Inc.

Kiplin Metals Inc. is a mineral exploration company. We create value for our shareholders by

identifying and developing highly prospective mineral exploration opportunities. Our strategy is to

advance our projects from discovery all the way to production. This vertically integrated strategy

allows Kiplin Metals to achieve exceptional shareholder value through the entire life-cycle of the

mining process.

For further information, contact the Company at [email protected] or 604-622-1199, or

visit the Company’s website at www.kiplinmetals.com.

On behalf of the Board,

Kiplin Metals Inc.

“Peter Born”

Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include forward-looking statements that are subject to risks and uncertainties. All

statements within, other than statements of historical fact, are to be considered forward looking. Although

the Company believes the expectations expressed in such forward-looking statements are based on

reasonable assumptions, such statements are not guarantees of future performance and actual results or

developments may differ materially from those in forward-looking statements. There can be no assurances

that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation

of such uncertainties. We do not assume any obligation to update any forward-looking statements except

as required under the applicable laws.