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Moneta Announces Voting Results from Annual General & Special Meeting of Shareholders

Shareholder Meetings

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NEWS RELEASE – 11/2022 Symbol: TSX: ME FOR IMMEDIATE RELEASE

MONETA ANNOUNCES VOTING RESULTS FROM ANNUAL GENERAL & SPECIAL

MEETING OF SHAREHOLDERS

Toronto, Ontario – June 03, 2022 - Moneta Gold Inc. (TSX:ME) (OTCQX:MEAUF) (XETRA:MOP)

(“Moneta” or the “Corporation”) announced the approval of each of the matters set out in the

Corporation’s Management Information Circular (“Circular”) dated April 15, 2022 at the 2022 Annual

General and Special Meeting of Shareholders held via webcast on June 2nd, 2022.

The total number of shares represented by shareholders present in person virtually and by proxy at the

Meeting was 52,456,986, representing 55.23% of the Corporation’s outstanding shares.

Election of Directors

Each of the following eight director nominees proposed by management in the Circular was elected. The

votes were cast as follows:

Nominee Votes For % For Votes Withheld % Withheld

Mark N.J. Ashcroft 49,933,359 97.47% 1,296,207 2.53%

Rodney A. Cooper 49,954,659 97.51% 1,274,907 2.49%

Louis Gariepy 50,903,956 99.36% 325,610 0.64%

Alexander D. Henry 50,940,622 99.44% 288,944 0.56%

Krista Muhr 50,907,019 99.37% 322,547 0.63%

Gary V. O’Connor 50,945,569 99.45% 283,997 0.55%

Josef Vejvoda 50,912,902 99.38% 316,664 0.62%

Blair Zaritsky 48,511,415 94.69% 2,718,151 5.31%

Appointment of Auditors

BDO Canada LLP was reappointed as auditor of the Corporation and the Directors were authorized to fix

the auditor’s compensation. Results of the vote were as follows:

Votes For % For Votes Withheld % Withheld

52,181,988 99.48% 274,165 0.52%

Approval of Omnibus Share Incentive Plan

The adoption of the Omnibus Share Incentive Plan, as described and attached to the Corporation’s Circular

dated April 15, 2022, was ratified and approved. Results of the vote were as follows:

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Votes For % For Votes Against % Against

49,475,863 96.58% 1,753,703 3.42%

Mr. Vejvoda, Chairman, commented, “We are extremely pleased to welcome our newest Board member,

Mr. Louis Gariepy, a geological engineer with over 30 years of mining experience, including substantial

experience in Québec and Latin America. Mr. Gariepy is currently Vice President (“VP”) Exploration for O3

Mining Inc. (“O3 Mining”). Prior to joining O3 Mining, Mr. Gariepy served as Exploration Manager of Anglo

American in Peru, and as Exploration Manager of IAMGOLD Corporation in Peru from 2005 to 2012,

working on a wid e array of projects in Latin America. ” “Additionally, Mr. Gariepy will provide extensive

insight and knowledge to Moneta’s technical committee”, Mr. Vejvoda continued.

Mr. José Vizquerra did not stand for re-election and will continue to serve as a Special Advisor to the Board

of Moneta.

Mr. Gary O’Connor, C hief Executive Officer remarked, “On behalf of our entire Board of Directors,

shareholders, employees, and other stakeholders, we would like to thank Mr. Vizquerra for his dedication

and contribution to our success over the past year and a half. Drawing on his many years of operational

and executive management experience in our industry, Mr. Vizquerra has been a strong contributor to

our Board and has helped guide Moneta to become the success it is today . We are grateful that Mr.

Vizquerra has agreed to stay on as a Special Advisor to the Board of Moneta. Moneta appreciates the

support and ongoing commitment of O3 Mining.”

Mr. Vizquerra commented, “I have been truly honoured to serve on Moneta’s Board of Directors over the

past year and a half. Moneta has a very unique and extensive gold deposit in one of the best mining

districts in Canada. I welcome the opportunity to serve as a Special Advisor to the Corporation.”

About Moneta Gold

Moneta is a Canadian based gold exploration company focussed on advancing its 100% wholly owned Tower Gold

project, which currently hosts a gold mineral resource estimate of 4.3 Moz indicated and 7.5 Moz inferred. The

Corporation’s 2022 drill program is primarily designed to infill and upgrade the resource categories of the mineral

resources. An updated PEA study encompassing the entire Tower Gold project is planned to be completed in H2,

2022. Moneta is committed to crea ting shareholder value through the strategic allocation of capital and a focus on

the current resource expansion drilling program, while conducting all business activities in an environmentally and

socially responsible manner.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Gary V. O’Connor, CEO

416-357-3319

Linda Armstrong, Investor Relations

647-456-9223

The Corporation’s public documents may be accessed at www.sedar.com. For further information on Moneta Gold, please visit our website at

www.monetagold.com or email us at [email protected].

This news release includes certain forward -looking information and forward -looking statements, collectively “forward -looking

statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are frequently

identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future

events and results. Forward-looking statements include but are not limited to information with respect to the future performance

of the business, its operations and financial performance and condition such as the Corporation’s drilling program and the timing

and results thereof and the timing of the Corporation’s PEA. Forward-looking statements are subject to inherent risks and

uncertainties including without limitation the impact of COVID -19 related disruptions in relation to the Corporation's business

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operations including upon its employees, suppliers, facilities and other stakeholders; uncertainties and risk that have arisen and

may arise in relation to travel, and other financial market and social impacts from COVID -19 and responses to COVID 19 and the

ability of the Corporation to finance and carry out its anticipated goals and objectives. International conflicts and other geopolitical

risks, including war, military action, terrorism, trade and financial sanctions, which have historically led to, and may in the future

lead to, uncertainty or volatility in global comm odity and financial markets and supply chains; the impact of Russia’s invasion of

Ukraine and the widespread international condemnation has had a significant destabilizing effect on world commodity prices,

supply chains, inflation risk, and global economie s more broadly, may adversely affect the Corporation's business, financial

condition, and results of operations.

Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information

is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral

exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in

more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those

projected in the forward looking-statements and we caution against placing undue reliance thereon. We assume no obligation to

revise or update these forward-looking statements.