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Alerio Engages Hybrid Financial

Corporate Updates

ALERIO GOLD CORP. ENGAGES HYBRID FINANCIAL LTD.

FOR IMMEDIATE RELEASE

Vancouver, British Columbia – February 3, 2022 – Alerio Gold Corp. (“Alerio”, or the “Company”)

(ALE:CSE) is pleased to announce that it has retained Hybrid Financial Ltd. The service provided by Hybrid

to the Company is a database of Registered Financial Professionals in North America. Hybrid is

not promoting the specific purchase or sale of securities. It p rovides its database, technology , and call

center services to enable the issuer to disseminate its information to Financial Professionals only. Hybrid

provides its services directly to the Company.

Hybrid has agreed to comply with all applicable securities laws and the policies of the Canadian Security

Exchange (the “CSE”) in providing the Services.

Hybrid has been engaged by the Company for an initial period of twelve (12) months starting February 3,

2022 (the “Initial Term”) and then shall be renewed automatically for successive six (6) month periods

thereafter (each a “ Renewal Term ”), unless terminated by the Company in accordance with the

Agreement. Hybrid will be paid a monthly fee of $22,500 plus applicable taxes, during the Initial Term.

About Alerio Gold Corp.

Alerio Gold Corp. is a mineral exploration and development company in the business of acquiring,

exploring, and developing natural resource properties, with a focus in Guyana, SA. The company currently

has 100% interest in two gold properties located in Guyana.

About Hybrid Financial Ltd.

Hybrid Financial connects issuers to the investment community across North America. Using a data driven

approach, Hybrid provides its clients with comprehensive coverage of both American and Canadian

markets. Hybrid Financial has offices in Toronto and Montreal.

ON BEHALF OF THE BOARD of DIRECTORS

“Geoff Balderson”

Geoff Balderson, CFO

For further information, please contact:

Telephone: (604) 343-3739

Email: [email protected]

Website: aleriogold.com

Forward-Looking Information

This press release contains forward-looking statements. Forward-looking statements can be identified by

the use of words such as, “anticipates”, “expects”, “is expected”, “intends”, “believes”, or variations of

such words and phrases or state that certain actions, events or results “may” or “will” be taken, occur or

be achieved. Forward-looking statements include those relating to the acquisition by Alerio Gold Corp. of

all of the Properties and the corresponding issuance of the Consideration Shares, the sa tisfaction of

necessary terms and conditions of the Definitive Agreement to complete the Acquisition, and the

ownership of the Properties via power of attorney.

Forward-looking statements are not a guarantee of future performance and are based upon a number of

estimates and assumptions of management in light of management’s experience and perception of trends,

current conditions and expected developments, including assumptions related to the ability of both

companies to successfully complete all the conditi ons precedent under the Definitive Agreement and the

companies receiving all necessary future approvals and permits. Actual results, performance or

achievement could differ materially from that expressed in, or implied by, any forward-looking statements

in this press release, and, accordingly, undue reliance should not be placed on any such forward -looking

statements and they are not guarantees of future results. Forward-looking statements involve significant

risks, assumptions, uncertainties and other fact ors that may cause actual future results or anticipated

events to differ materially from those expressed or implied in any forward -looking statements. Except as

required by law, Alerio Gold Corp. undertakes no obligation to publicly update any forward -looking

statements, whether as a result of new information, future events or otherwise.

The CSE nor its market regulator does not accept responsibility for the adequacy or accuracy of this news

release. The CSE has in no way passed upon the merits of the proposed Transaction and has neither

approved nor disapproved the contents of this news release.