Kiplin Metals Announces Share Consolidation

NEWS RELEASE

KIPLIN METALS ANNOUNCES SHARE CONSOLIDATION

June 4, 2024 – Kiplin Metals Inc. (the “Company” or “ Kiplin”) (TSX-V: KIP, FWB: 17G1) announces that,

effective at the close of business on June 6, 2024, it will consolidate its common share capital on a six-for-

one basis (the “Consolidation”). Effective at the opening of markets on June 7, 2024, the common shares

of the Company will commence trading on a post-Consolidation basis under the existing ticker symbol

“KIP”.

The Consolidation is intended to make the capital structure of the Company more attractive to potential

financing opportunities. The Company currently has 80,537,748 common shares outstanding, and

following completion of the Consolidation it is expected that the Company will have approximately

13,422,958 shares outstanding. The post-Consolidated common shares will be assigned a new CUSIP

number 497252205 and ISIN number CA4972522052.

No fractional shares will be issued in connection with the Consolidation. Shareholders who would

otherwise be entitled to receive a fraction of a common share will be rounded to the nearest whole

number of common shares and no cash consideration will be paid in respect of fractional shares.

Registered holders of common shares of the Company will receive a letter of transmittal from Odyssey

Trust Company with instructions on how to exchange existing share certificates for new post-

Consolidation share certificates.

For further information, contact the Company at [email protected] or 613-715-2020 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.