Vega Mining Announces 2023 Agm Results

VEGA MINING INC.

Suite 3123, 595 Burrard Street

Vancouver, British Columbia

V7X 1J1

VEGA MINING ANNOUNCES 2023 AGM RESULTS

August 14, 2023 – Vancouver, British Columbia – Vega Mining Inc . (the “Company”) is pleased to

announce the results of its annual general and special meeting of shareholders held on August 14, 2023 in

Vancouver (the " Meeting"). The following individuals were elected to serve on the Company's board of

directors: Amanda Bennett, Liam Morrison, Davis Kelly and Bernadette D’Silva.

In addition, shareholders approved the following matters: (i) the re-appointment of DeVisser Gray, LLP as

auditors and authorizing the board of directors to set their remuneration ; (ii) setting the number of

directors at four (4); (iii) the adoption of the new Articles of the Company ; and (iv) the adoption of the

Company’s new Stock Option Plan. Details in respect of such matters were provided in the Company's

management information circular dated June 26, 2023.

The Company also announces that it has granted incentive stock options to a certain director of the

Company to acquire 200,000 common shares in the capital of the Compa ny at an exercise price of $0.0 5

(the “Options”). All Options are fully vested as at the date of grant and exercisable fo r a 10- year term

expiring August 14, 2033.

ON BEHALF OF THE BOARD

Vega Mining Inc.

Alicia Krywaniuk, Corporate Secretary

For further information, please contact: Alicia Krywaniuk, [email protected]

This news release may contain certain “Forward- Looking Statements” within the meaning of applicable securities

laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target,

“plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward- looking statements or

information. These forward- looking statements or information may relat e to the intended use of proceeds from the

Offering and other factors or information. Such statements represent the Company’s current views with respect to

future events and are necessarily based upon a number of assumptions and estimates that, while considered

reasonable by the Company, are inherently su bject to significant business, economic, competitive, political and

social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results,

performance or achievements to be materially different from the results, performance or achievements that are or

may be expressed or implied by such forward- looking statements. The Company does not intend, and does not

assume any obligation, to update these forward- looking statements or information to reflect changes in assumptions

or changes in circumstances or any other events affecting such statements and information other than as required by

applicable laws, rules and regulations.