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LGHT.CN ·

Company Enters into Loan Agreement

Financings Debt & Credit Facilities

#1000 – 409 Granville Street

Vancouver, BC, Canada, V6C 1T2

604-602-0001

Alerio Gold Entered into Loan Agreement

Vancouver, British Columbia – February 13, 2023 – Alerio Gold Corp. (the “Company”) (ALE: CSE)

announces that it has entered into a loan agreement (the “Loan Agreement”) dated February 8,

2023, whereby the company borrowed $100,000, with an up-front fee of $10,000, (the “Loan”)

from a non-arm’s length party (the “Lender”).

Under the terms of the Loan Agreement, the Loan bears no interest and will mature 90 days from

the date of issuance. The Lender also received as consideration for the Loan 1,000,000 Warrants,

having an exercise price of $0.10 expiring on February 7, 2024.

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, South America. The

company currently has 100% interest in three gold properties located in Guyana including the

advanced exploration Tassawini Gold Project.

ON BEHALF OF THE BOARD OF DIRECTORS

“Geoff Balderson”

Geoff Balderson, CFO

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 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 satisfaction 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 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 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 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, 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.