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MRZ.V ·

Mirasol Upsizes Private Placement

Financings

NEWS RELEASE

Suite 1150 – 355 Burrard Street, Vancouver, B.C. Canada, V6C 2G8

Tel: +1 604 602 9989 E-mail: [email protected]

www.mirasolresources.com

June 2, 2023

Shares Issued and Outstanding: 59,715,460

TSX-V: MRZ

OTCPK: MRZLF

Mirasol Upsizes Private Placement

Financing to $7.4 Million

VANCOUVER, BC, June 2, 2023 — Mirasol Resources Ltd. (TSX- V: MRZ) (OTCPK: MRZLF ) (the

“Company” or “Mirasol”) today announced that due to strong demand it has increased its previously

announced non-brokered private placement from 4,000,000 units up to 5,920,000 units at a price of

$1.25 per unit (the “Placement”). The aggregate gross proceeds of the offering are expected to be up

to $7.4 million instead of the originally planned $5.0 million.

Mirasol’s Chairman, Patrick Evans, noted: “ We upsized the offering to accommodate strong interest

from key new investors. T he increased demand validates the high-quality of our large portfolio of

copper-gold-silver projects and demonstrates confidence in Mirasol’s operating team.”

In all other respects, the terms of the Placement will be as announced on May 17, 2023. The Placement

is expected to close on or about June 7, 2023. Completion of the Placement is subject to the approval

of the TSX Venture Exchange.

This press release is not an offer of common shares for sale in the United States. The Shares have not been and

will not be registered under the U.S. Securities Act, or any state securities laws.

About Mirasol Resources Ltd

Mirasol is a well- funded exploration company with 18 years of operating, permitting and community

relations experience in the mineral rich regions of Chile and Argentina. Mirasol controls 100% of the

high-grade Virginia Silver Deposit in Argentina and is currently self-funding exploration at two flagship

projects, Sobek and Inca Gold, both located in Chile. Mirasol also continues to advance a strong pipeline

of highly prospective early and mid-stage projects.

For further information, contact:

Tim Heenan, President

or

Troy Shultz, Vice President Investor Relations

Tel: +1 (604) 602-9989

Email: [email protected]

Suite 1150 – 355 Burrard Street, Vancouver, B.C. Canada, V6C 2G8

Tel: +1 604 602 9989 E-mail: [email protected]

www.mirasolresources.com

Website: www.mirasolresources.com

Forward Looking Statements: The information in this news release contains forward looking statements that are subject

to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially

from those anticipated in our forward -looking statements. Factors that could cause such differences include: changes in

world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in

government and changes to regulations affecting the mining indus try and to policies linked to pandemics, social and

environmental related matters. Forward-looking statements in this release include statements regarding future exploration

programs, operation plans, geological interpretations, mineral tenure issues and m ineral recovery processes. Although we

believe the expectations reflected in our forward -looking statements are reasonable, results may vary, and we cannot

guarantee future results, levels of activity, performance or achievements. Mirasol disclaims any obl igations to update or

revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may

be required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.