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Lupaka Announces Grant of Incentive Stock Options

Share Capital & Compensation

Lupaka Announces Grant of Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA, November 23, 2022 – Lupaka Gold Corp.

("Lupaka Gold " or the “ Company") (TSX -V: LPK, FRA: LQP) reports that effective

November 23, 2022 , the Company has granted 320,000 incentive stock options to

directors, officers, empl oyees and consultants of the Company , pursuant to its 2010

Incentive Stock Option Plan. The options vest over 18 months from date of grant and are

exercisable on or before November 23, 2027, at a price of $0.09 per share.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term

is defined in the policies of the TSX Venture Exchange) accepts responsibility for

the adequacy of this news release.

About Lupaka Gold

Lupaka is an active Canadian- based company focused on creating shareholder value

through discoveries and strategic development of its assets in so me of the most prolific

mining regions of Peru.

FOR FURTHER INFORMATION PLEASE CONTACT:

Gordon Ellis, C.E.O.

[email protected]

Tel: (604) 985-3147 (ext 2)

or visit the Company’s profile at www.sedar.com or its website at www.lupakagold.com