SRQ Ressources Inc./ Ressources SRQ Inc.

TSX Venture Symbol: SRQ

SRQ Ressources Inc./

Ressources SRQ Inc.

Suite 132, 1320 Graham

Ville Mont-Royal, Québec

Canada, H3P 3C8

NR 2023-1

SRQ RESOURCES BEGINS TRADING ON THE TSX-V

Montreal, Quebec – August 16, 2023, SRQ Resources Inc. (“SRQ” or the “Company”) (TSX-V: SRQ)

is pleased to announce that the common shares of the Company will commence trading today on the TSX

Venture Exchange under the symbol SRQ.

“The spin -out of SRQ and the listing of its common shares on the TSX -V reflects our unwavering

commitment to increasing value and driving innovation in mineral exploration. I am truly excited to

present this remarkable opportunity to our current and prospective shareholders and share our vision for

unlocking the abu ndant mineral wealth of Québec, ” said Matthieu Bos, Chairman of the Board of

Directors of SRQ.

Mr. Marc-Antoine Audet, CEO and President of SRQ added: “I am very proud of celebrating this new

beginning as SRQ takes its first steps on the trading floor of the TSX-V. An exciting journey of new base

metals discoveries lies ahead. The future holds tremendous promise, and we're ready to seize it.”

About SRQ Resources Inc.:

SRQ is a Canadian base metals company exploring for nickel, copper, and platinum in the province of

Québec.

SRQ owns 900 exploration claims in the Canadian province of Québec, with Lac Brulé being the most

advanced exploration project (Figure 1). The Lac Brulé property consists of 420 contiguous mining claims

covering an area of approximately 23,165 ha, located approximately 148 km west -northwest of the town

of Mont -Laurier, Québec. A near -surface, Ni -Cu project, Lac Brulé is located on a 230km² virgin

exploration property at a five -hour drive from Montréal. The project’s prospectivity for base metals has

been confirmed by geological mapping, the presence of a surface gossan, and geophysical surveys. The

presence of the historic Renzy Ni-Cu mine located 50 kilometers to the south-east and at the heart of the

large regional pattern further adds to the area’s mineral exploration appeal.

For more information about SRQ, please visit SRQ’s website at www.srqexploration.ca

Figure 1: SRQ’s exploration properties

Contact Information:

Marc-Antoine Audet, President and CEO

Tel: (514) 726-4158

Forward-Looking Statements and Forward-Looking Information:

Certain of the statements made and information contained herein are “forward -looking statements” or

“forward-looking information” within the meaning of Canadian securities legislation. Forward -looking

statements and forwar d-looking information characterized by terms such as “will”, could”, “expect ”,

“potential”, “ increasing” and, “holds” are inherently subject to significant business, economic, and

competitive uncertainties and contingencies. Known and unknown factors could cause actual results to

differ materially from those projected in the forward-looking statements and forward-looking information,

and undue reliance should not be placed on such statements and information. Such factors include, but

are not limited to: the speculative nature of mineral exploration and development; assumptions relating

to the trading price of the Company’s common shares; the ability of the Company to convert resources in

reserves, its ability to see through the next phase of development on any project, its ability to produce a

pre-feasibility study or a feasibility study regarding any project, its ability to execute o n its development

plans in terms of metallurgy or exploration, the availability of financing for activities, risks and

uncertainties relating to the interpretation of drill results and the estimation of mineral resources and

reserves, the geology, grade an d continuity of mineral deposits, the possibility that future exploration,

development or mining results will not be consistent with the Company ’s expectations, metal price

fluctuations, environmental and regulatory requirements, availability of permits, e scalating costs of

remediation and mitigation, risk of title loss, the effects of accidents, equipment breakdowns, labour

disputes or other unanticipated difficulties with or interruptions in exploration or development, the

potential for delays in explorat ion or development activities, the inherent uncertainty of cost estimates

and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations,

expectations and beliefs of management and other risks and uncertainties. Many of these uncertainties

and contingencies can affect the Company’s actual results and could cause actual results to differ

materially from those expressed or implied in any forward -looking statements and forward -looking

information made by or expressed on behalf of the Company. Readers are cautioned that forward-looking

statements are not guarantees of future performance. The Company disclaims any intention or obligation

to update or revise any forward -looking statements or forward-looking information, whether as a result

of new information, future events or otherwise, except as required by applicable law.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-

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