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MNG.CN ·

Mongoose Mining Completes Continuance

Corporate Actions

www.mongoosemining.com

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CSE:MNG

MONGOOSE MINING COMPLETES CONTINUANCE

Toronto, August 16, 2022 - Mongoose Mining Ltd (the “Company”) (CSE: MNG) is pleased to announce that it

has continued from the laws of the province of British Columbia to the laws of the province of Ontario pursuant

to the Business Corporations Act (Ontario) as of August 12, 2022. The continuance was approved by a special

resolution of shareholders at the Company’s Annual General & Special Meeting held on June 14, 2022.

No action will be required by existing shareholders with respect to the continuance.

About Mongoose Mining Ltd.

Mongoose Mining Ltd. is a Canadian exploration company engaged in the acquisition, exploration, and

evaluation of mineral properties in Canada. The Company is the holder of exploration licences to explore

claims located near Londonderry and Bass River, Nova Scotia, (the " Cobequid Highlands Property "). The

Cobequid Highlands Property is recognized to indicate potential for IOCG mineralization.

Terry Coughlan CEO is the contact for the release.

Electronic mail: [email protected]

Forward-Looking Statements and Cautionary Language

All statements in this press release, other than statements of historical fact, are "forward-looking information"

within the meaning of applicable securities laws. Mongoose provides forward -looking statements for the

purpose of conveying information about current expectations and plans relating to the future and readers are

cautioned that such statements may not be appropriate for other purposes. By its nature, this information is

subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility

that expectations, forecasts, predictions, projections, or conclusions will not prove to be accurate, that

assumptions may not be correct, and that objectives, strategic goals and priorities will not be achieved. These

risks and uncertainties include those risks and uncertainties identified and reported in Mongoose's public filings

under its SEDAR profile at www.sedar.com. Although Mongoose has attempted to identify important factors

that could cause actual actions, events, or results to differ materially from those described in forward-looking

information, there may be other factors that cause actions, events or results not to be as anticipated, estimated

or intended. There can be no assurance that such infor mation will prove to be accurate as actual results and

future events could differ materially from those anticipated in such statements. Mongoose disclaims any

intention or obligation to update or revise any forward -looking information, whether as a result of new

information, future events or otherwise unless required by law.

Neither the CSE nor its Regulation Services Providers (as that term is defined in the policies of the CSE)

accepts responsibility for the adequacy or accuracy of this release.