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SMP.V ·

Southern Empire Grants Stock Options

Share Capital & Compensation

TSX-V: SMP

OTC: SMPEF

Frankfurt: 5RE

News Release

August 28, 2023

Southern Empire Grants Stock Options

Southern Empire Resources Corp. (“ Southern Empire”; TSX-V: SMP) announces that it has granted a total of

2,240,000 stock options to its directors, officers and consultants. Of the 2,240,000 stock options, 1,740,000

stock options are exercisable at $0.07 per share, 100,000 stock options are exercisable at $0.11 per share and

400,000 are exercisable at $0.30 per share. All of the stock options expire five years from the date of grant.

About Southern Empire Resources Corp.

Southern Empire is engaged in the acquisition, exploration and development of metals and minerals deposits in

the American southwest and northern México; particularly focused on those that are amenable to lower -cost

metal extraction methodologies such as heap leaching. To achieve its goals, Southern Empire has assembled a

board of directors , all veterans in mine and corporate finance, exploration, permitting, development, and

operations that will guide the future growth of the company.

For more information on Southern Empire, its people and its projects, please visit our website: www.smp.gold.

On behalf of the Board of Directors of Southern Empire Resources Corp.,

Dale Wallster, CEO and Director

For further information on Southern Empire please visit both www.smp.gold and SEDAR+ or contact:

Lubica Keighery, (778) 889-5476, [email protected] .

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

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

Cautionary Notice on Forward-Looking Information and Forward-Looking Statements

Information provided in this news release may contain forward -looking information or forward -looking

statements that are based on assumptions as of the date of this news release. Such information or statements

reflect management’s current estimates, beliefs, intentions and expectations and are not guarantees of future

performance. Southern Empire cautions that all forward -looking statements are inherently uncertain and that

actual performance may be affected by a number of material factors, many of which are beyond its respective

control. Such factors include, among other things: risks and uncertainties relating to Southern Empire's limited

operating history, the need to comply with environmental and governmental regulations, results of exploration

programs on its projects and those risks and uncertainties identified in its annual and interim financial

statements and management discus sion and analysis. Accordingly, actual and future events, conditions and

results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the

forward-looking information. Except as required under applicable securities legislation, Southern Empire

undertakes no obligation to publicly update or revise forward-looking information.