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Appointments to Advisory Board

Management Changes

#1000 – 409 Granville Street

Vancouver, BC, Canada, V6C 1T2

604-602-0001

Alerio Gold announces appointments to it’s Advisory Board

Vancouver, British Columbia – November 09, 2021, Alerio Gold Corp. (ALE.C) announces the appointment

of its initial Advisory Board members.

“A key to the growth of Alerio Gold and it’s asset base will be our ability to call on individuals with

extensive capital markets experience as well as those with significant contacts within the Guyanese

business community.” said CEO Jonathan Challis. “These professionals will prove to be an invaluable asset

in the day-to-day management of Alerio.”

Praveen Varshney, FCPA, FCA

Mr. Varshney is a partner at Varshney Capital Corp., a venture capital, merchant banking, and corpora te

advisory services firm with a specialization in Public Venture Capital. He has decades of experience in

starting, growing and listing companies. Mr. Varshney is past president and a long -time member of the

Entrepreneurs Organization (EO), past recipient of Vancouvers 40 under 40 Awards and 2021 inaugural

Business in Vancouver Top 500 Most Influential Business Leaders in B.C. (Banking & Finance – Private

Equity, Venture Capital & Hedge Funds category). He sits on the board of several charitable organizations.

Vishal Mohan,

Mr. Mohan is a Guyanese Canadian businessman with 15 years experience in the Gold Mining Industry in

Guyana. He owns and manages a large Security Services Company that offers security solutions to both

large corporations and individuals. He is an active investor in Real Estate in both Guyana and Canada.

Ron Shenton,

Mr Shenton is a 35 -year veteran of the investment industry, having held positions at both local and

national brokerage firms as a registered investment adviser. He has held the title of CEO, President and

director of several public companies and positions in IR/PR as well as having raised significant capital.

About Alerio Gold Corp.

Alerio Gold Corp. is a mineral exploration and development company, act ively engaged in acquiring,

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

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

ON BEHALF OF THE BOARD of DIRECTORS

“Jonathan Challis”

Jonathan Challis, CEO

For further information, please contact:

Geoff Balderson

Chief Financial Officer, Secretary, and Director

Telephone: (604) 602-0001

Email: [email protected]

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 take n, occur or

be achieved. Forward-looking statements include those relating to the acquisition by Project One of all of

the Properties and the corresponding issuance of the Consideration Shares, the satisfaction of necessary

terms and conditions of the Defi nitive 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 conditions 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 sho uld 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 factors 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, Project One 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.