Stallion Discoveries Closes $4 Million Non-Brokered Private Placement Financing

700-838 WEST HASTINGS ST

VANCOUVER, BRITISH COLUMBIA

V6C 0A6

STALLION DISCOVERIES CLOSES $4 MILLION NON-BROKERED

PRIVATE PLACEMENT FINANCING

Vancouver, British Columbia, February 16, 2023 – Stallion Discoveries Corp. (the "Company" or

"Stallion") (TSX-V: STUD; OTCQB : STLNF) is pleased to announce that , further to its news release

dated February 1, 2023, it has closed a non-brokered private placement offering for total gross proceeds

of $4,000,000 (the “ Private Placement”).

The Company has allotted and issued 16,000,000 units (the “Units”) at a price of $0. 25 per Unit. Each

unit consists of one common share of the Company and one- half of one transferable share purchase

warrant, each whole warrant entitling the holder to acqu ire one additional common share at an exercise

price of $0.50 for a period of 12 months from the closing date.

In relation to the Private Placement, the Company has paid finder’s fees of $ 300,000 to eligible arm’s-

length parties . The Company will use the proceeds from the Private Placement towards exploration

efforts across the Company’s projects as well as general working capital purposes. All securities issued

pursuant to the Private Placement will be subject to a hold period expiring June 16, 2023. The Private

Placement remains subject to final approval of the TSX Venture Exchange.

Further, the Company announces that it has engaged the following marketing contrac tors:

a) Common Cents Media, Social Purpose Corporation of Gig Harbor, WA, to provide marketing services

through social media channels and online media distribution for an initial term of three months to

commence on February 14, 2023, and on a month to month basis thereafter, pursuant to an agreement

dated February 14, 2023, in consideration of USD $20,000 for the initial three month term and for

mutually agreed upon deliverables on a monthly basis thereafter, as well as a grant of 50,000 stock

options within 14 days of signing the agreement;

b) Emerging Growth, LLC d/b/a TDM Financial of Whitefish, MT, to provide marketing services by

creating content on behalf of the Company with the aim of generating exposure to the TDM Financial

investment audience on SECFilings.com, CFNMedia.com, CEORoadshow, syndicated channels and

for the Company’s own internal projects for a term of five months to commence on February 14, 2023,

pursuant to an agreement dated February 14, 2023, in consideration of a total of USD $40,000;

c) Cornerstone Capital Solutions LLC of Staten Island, NY, to provide a YouTube video profile marketing

campaign for a six month term to commence on March 1, 2023, in consideration of a payment of USD

$8,000;

d) Passive Income Investor Inc. of Sunderland, ON, to provide marketing services through social media

channels for a three month term to commence on February 15, 2023, in consideration of a payment of

CAD $10,000; and

e) Thesis Marketing Inc. of Langley, BC, to provide marketing services through social media channels

and digital ads for a sixty day term to commence on February 15, 2023, in consideration of a payment

of CAD $42,000 plus GST.

All marketing services providers are considered related parties to the Company. None of the marketing

services providers currently own any interest, directly or indirectly, in the Company or its securities. The

marketing agreements remain subject to approval of the TSX Venture Exchange.

About Stallion Discoveries

Stallion Discoveries is an exploration company bred to pursue the exploration of large, underexplored land

packages located in the best jurisdictions next to world class projects with the singular ambition of making

significant discoveries. Stallion is using modern exploration techniques to explore historical and new

mineral targets on its expansive land packages in Saskatchewan, Idaho and Nevada. Our leadership

and advisory team are comprised of u ranium and precious metals exploration experts with the

capital markets experience and the technical talent for acquiring and exploring early-stage propert ies

with highly prospective targets.

For more information visit Stalliondiscoveries.com

For further information contact:

Drew Zimmerman

Chief Executive Officer

(778) 686-0973

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.

This news release may contain statements that constitute “forward- looking statements.” Such forward

looking statements involve known and unknown risks, uncertainties and other factors that may cause the

Company’s actual results, performance or achievements, or developments in the industry to differ materially

from the anticipated results, performance or achievements expressed or implied by such forward- looking

statements. Forward looking statements are statements that are not historical facts and are generally, but

not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,”

“projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or

“should” occur.