MLK Closes Private Placement

MLK Gold Ltd. Completes $245,000 Placement

March 20, 2023, 59 Payzant Dr., P.O. Box 657, Windsor, Nova Scotia, CANADA, B0N 2T0; MLK Gold Ltd.

(CSE:MLK) (“MLK Gold” or the “Company”) is pleased to announce that it has closed a non-brokered

private placement (the “Placement”) generating gross proceeds of $244,392.01 through the sale of an

aggregate of 8,146,400 units (each a “Unit”) at a price of $0.03 per Unit.

Each Unit comprised one common share and one share purchase warrant. Each warrant entitles the

holder to acquire an additional common share at a price of $0.05 per share until March 17, 2024. All

securities issuable in the Placement are subject to a four month hold period expiring on July 18, 2023 in

accordance with applicable securities laws.

No finders fees were payable in connection with the Placement. The proceeds of the Placement will be

utilized for exploration activities and general working capital purposes.

About MLK Gold Ltd.

Founded in 2018, MLK Gold Ltd. is quickly emerging as one of Atlantic Canada's exciting resource

exploration companies offering exposure to gold and the strategic metal representing a unique mix of

discovery and resource development potential. Invested in a portfolio of gold projects in mining and

mineral-rich Newfoundland, MLK’s plan is to capitalize on the province's ranking as one of the world’s

top 10 mining jurisdictions and expand into a long-life, financially sound gold-mining company.

Additional information about the Company and its activities may be found on the Company’s website at

www.mlkgold.com and under the Company’s profile at www.sedar.com.

For additional information or to arrange an interview, please contact:

William (Bill) Fleming

Executive Chairman, MLK Gold Ltd.

59 Payzant Drive

P.O. Box 657, Windsor

Nova Scotia, Canada, B0N 2T0

Phone: 902.448.0716

Email: [email protected]

Forward-Looking Statements

This news release contains certain forward-looking statements. Wherever possible, words such as

"may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict"

or "potential" or the negative or other variations of these words, or similar words or phrases, have been

used to identify these forward-looking statements. These statements reflect management's current

beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could

cause actual results, performance or achievements to differ materially from the results discussed or

implied in the forward-looking statements. These factors should be considered carefully and readers

should not place undue reliance on the forward-looking statements. Although the forward-looking

statements contained in this news release are based upon what management believes to be reasonable

assumptions, the Company cannot assure readers that actual results will be consistent with these

forward looking statements. The Company assumes no obligation to update or revise them to reflect

new events or circumstances, except as required by law.