Vega Mining Announces Revocation of Cease Trade Orders

VEGA MINING ANNOUNCES REVOCATION OF CEASE TRADE ORDERS

VANCOUVER (British Columbia, Canada) – October 14, 2022 – Vega Mining Inc. (the

“Company”) announces that the British Columbia and Alberta Securities Commissions

(the “Commissions”) have revoked their cease trade orders issued against the Company

effective October 11, 2022. The Company’s common shares were cease traded by the

Commissions for failure to file annual financial statements and management’s discussion

and analysis for the May 31, 2014 and in the case of the Alberta Securities Commission

the interim unaudited financial statements and corresponding MD&A for the interim

periods ended August 31, 2014 and November 30, 2014. The annual financial statements

and management’s discussion and analysis for the fiscal years ended May 31, 2022,

2021, 2020 and 2019 and the interim unaudited financial statements and management’s

discussion and analysis for the 3 month period ending August 31, 2021, the 6 month

period ending November 30, 2021 and the 9 month period ending February 28, 2022,

were filed by the Company effective September 27, 2022 and are available on SEDAR at

www.sedar.com.

The Company does not currently have any active business operations, and intends to

complete a review of potential strategic acquisitions with a view to pursuing alternative

business opportunities.

On behalf of the Board,

Gordon Friesen

Chief Executive Officer

For further information:

VEGA MINING INC.

Suite 250, 750 West Pender Street

Vancouver, British Columbia

Canada, V6C 2T7