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PEMC.V ·

OF AMERICA Pacific Empire Announces Fully Subscribed Private Placement Financing

Financings

LEGAL_1:85884624.2

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES

NOR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Pacific Empire Announces Fully Subscribed Private Placement Financing

April 22, 2024 - Vancouver, BC, Canada - Pacific Empire Minerals Corp. (TSXV: PEMC) (“Pacific Empire”,

“PEMC” or the “Company”), a British Columbia copper-gold explorer, announces a fully subscribed, non-brokered,

private placement financing 10,000,000 units at a price of $0.05 per unit (the “Units”) for gross proceeds of

$500,000 (the “Offering”). Each Unit will consist of one common share in the capital of the Company (“Common

Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire

one Common Share at an exercise price of $0.08 per Common Share for a period of 36 months from the closing

date of the Offering.

The funds will be used for exploration on its flagship Trident copper-gold-silver porphyry project and for general

working purposes.

Closing of the Offering is expected to occur on or around April 30, 2024 and is subject to all necessary approvals,

including the approval of the TSX Venture Exchange.

About Pacific Empire

Pacific Empire is a copper exploration company based in Vancouver, British Columbia and trades on the TSX

Venture Exchange under the symbol PEMC. The Company has a district scale land position in north-central British

Columbia totaling 22,541 hectares.

British Columbia is a “Green” copper jurisdiction with abundant hydroelectric power, access and infrastructure in

close proximity to the end market.

ON BEHALF OF THE BOARD,

“Brad Peters”

President and Chief Executive Officer

Pacific Empire Minerals Corp.

Tel: +1-604-356-6246

[email protected]

www.pemcorp.ca

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.

LEGAL_1:85884624.2

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-

looking statements are statements that relate to future, not past, events. In this context, forward -looking statements often

address expected future business and financial perform ance, and often contain words such as "anticipate", "believe", "plan",

"estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or

occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without

limitation: closing of the Offering is expected to occur on or around April 30, 2024, the funds will be used for exploration on

its flagship Trident copper-gold-silver porphyry project and for general working purposes, are forward-looking statements. By

their nature, forward-looking statements involve known and unknown risks, uncertainties a nd other factors which may cause

our actual results, performance or achievements, or other future events, to be materially different from any future results,

performance or achievements expressed or implied by such forward -looking statements. Such factors include, among others,

the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations i n

commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for

conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends;

competition; dilution; the volatility of our common share price and volume and the additional risks identified the management

discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with t he

TSX Venture Exchange and applicable Canadian securities regulations. Forward -looking statements are made based on

management's beliefs, estimates and opinions on the date that statements are made, and the Company undertakes no obligation

to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as

required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward -looking

statements.