Mineral ROAD Announces Private Placement of up to $636,000 of Flow Through Shares

MINERAL ROAD DISCOVERY INC.

#2501-550 Burrard Street Vancouver BC V6C 2B5

NEWS RELEASE

MINERAL ROAD ANNOUNCES PRIVATE PLACEMENT

OF UP TO $636,000 OF FLOW THROUGH SHARES

Vancouver, B.C. – December 12, 2024 ‐ Mineral Road Discovery Inc. (CSE: ROAD) (the “Company” or

“Mineral Road”) is pleased to announce a non-brokered private placement (the “Offering”) of up to 5,300,000

flow-through common shares (“FT Shares”) at a price of $0.12 per FT Share for gross proceeds of up to

$636,000. 

The gross proceeds received by the Company from the Offering will be used to incur eligible “Canadian

exploration expenses” (the “Qualifying Expenditures”)on the Company’s properties in Quebec that qualify as

“critical flow-through mining expenditures” within the meaning of the Income Tax Act  (Canada) and “flow

through mining expenditures” as defined in the Taxation Act (Quebec). The Company will renounce the

Qualifying Expenditures so incurred to the purchasers of the FT Shares with an effective date of no later than

December 31, 2024.

Finder’s fees may be payable to eligible finders upon completion of the Offering.

FOR FURTHER INFORMATION CONTACT:

Jason Cubitt

Chief Executive Officer

Emma Fairhurst

Chairperson

Mineral Road Discovery Inc.

Telephone: 778 819 1870

This news release contains “forward -looking statements” within the meaning of Canadian securities

legislation. Forward-looking statements include, but are not limited to, statements with respect to the

expected use of proceeds of the Offering, tax treatmen t and timing of renunciation of the Qualifying

Expenditures and the receipt of any necessary regulatory approvals . Forward -looking statements can

generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”,

“intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, or similar terminology. Forward -

looking statements are made based upon certain assumptions and other important factors that, i f untrue,

could cause the actual results, performances or achievements of the Company to be materially different

from future results, performances or achievements expressed or implied by such statements. Such

statements and information are based on numerou s assumptions regarding present and future business

strategies and the environment in which the Company will operate in the future, including the tax treatment

and timing of renunciation of the Qualifying Expenditures, the receipt of any regulatory approvals and

anticipated costs. Certain important factors that could cause actual results, performances or achievements

to differ materially from those in the forward -looking statements include, amongst others, currency

fluctuations, the global economic climate, dilution, share price volatility and competition. Forward-looking

statements are subject to known and unknown risks, uncertainties and other important factors that may

cause the actual results, level of activity, performance or achievements of the Company to be materially

different from those expressed or implied by such forward-looking statements, including but not limited to:

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risks that the tax treatment of Canadian exploration expenses and/or flow-through mining expenditures by

regulatory authorities may change, risks regarding the timing of renunciation of the Qualifying

Expenditures, the risk that any regulatory approvals may not be obtained, the impact of general business

and economic conditions, risks related to operations, government and environmental regulation,

conclusions of economic evaluations, fluctuation in foreign exchange rates and interest rates, stock market

volatility, as well as those risk factors discussed in the Company’s latest management discussion and

analysis available at www.sedarplus.ca. Although the Company has attempted to identify important factors

that could cause actual results to differ materially from those contained in forward -looking statements,

there may be other factors that cause results not to be as anticipated, estimated or intended. There can be

no assurance that such statements will prove to be accurate, as actual results and future events could differ

materially from those anticipated in such statements. Accordingly, readers should not place undue reliance

on forward -looking statements. The Company does not undertake to update any forward -looking

statements, except in accordance with applicable securities laws.