TRU Publishes Third Quarter Financial Results Capturing Completed $3 Million Strategic Investment by Ormonde Mining plc

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TRU Publishes Third Quarter Financial Results

Capturing Completed $3 Million Strategic Investment by Ormonde Mining plc

Toronto, Ontario – November 1, 2023 – TRU Precious Metals Corp. (TSXV:TRU) (“TRU” or the “Company”)

is pleased to announce that it has published and filed its Unaudited Condensed Interim Financial Statements and

Management Discussion & Analysis for the three and nine months ending September 30, 2023, which are available

for download on the Company’s SEDAR-Plus profile page at sedarplus.ca.

Joel Freudman , TRU’s Co-Founder & CEO, commented, “These financial results are the first to reflect the

strategic investment of $3,000,000 by Ormonde Mining plc (as press released September 6, 2023), and show that

we have a very strong cash balance and working capital position. With our substantial treasury, we are well

positioned to continue cost-effectively advancing our flagship Golden Rose Project while also reviewing other

acquisitions or investment opportunities as they become available in these incredibly challenging overall mining

market conditions.

Given the size of our treasury, and our discoveries and pipeline of prospects at our Golden Rose Project, I strongly

believe that TRU is substantially undervalued, and so I have continued to increase my personal ownership in the

Company through recent share acquisitions in the open market.”

Acknowledgement

TRU would like to thank the Government of Newfoundland and Labrador for financial support through the Junior

Exploration Assistance Program and the Federal Government for its critical mineral assistance funding for the

exploration activities at the Golden Rose Project.

About TRU Precious Metals Corp.

TRU (TSXV:TRU) is on a mission to build long-term shareholder value through prudent natural resource property

development and transactions. TRU is exploring for gold and copper in the highly prospective Central

Newfoundland Gold Belt on its 100% -owned Golden Rose Project, originally optioned from TSX -listed Altius

Minerals. Golden Rose is a regional -scale 264.25 km 2 land package, including a recently discovered 20 km

district-scale structure, and an additional 45 km of strike length along the deposit -bearing Cape Ray - Valentine

Lake Shear Zon e, directly between Marathon Gold’s Valentine Gold Project and Matador Mining’s Cape Ray

Gold Project. In addition, TRU has an option to acquire up to an aggregate 65% ownership interest in two claim

packages covering 33.25 km2 including a 12 km strike length along the Shear Zone within Golden Rose . TRU is

approximately 36%-owned by European strategic investor Ormonde Mining plc (AQSE:ORM).

TRU is a portfolio company of Resurgent Capital Corp. (“Resurgent”), a merchant bank providing venture capital

markets advisory services and proprietary financing. Resurgent works with promising public and pre -public

micro-capitalization companies listing on Canadian stock exchanges. For more information on Resurgent and its

portfolio companies, please visit Resurgent’s website at https://www.resurgentcapital.ca/ or follow Resurgent on

LinkedIn at https://ca.linkedin.com/company/resurgent-capital-corp.

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For further information about TRU, please contact:

Joel Freudman

Co-Founder & CEO

TRU Precious Metals Corp.

Phone: 1-855-760-2TRU (2878)

Email: [email protected]

To connect with TRU via social media, below are links:

Twitter: https://twitter.com/corp_tru

LinkedIn : https://www.linkedin.com/company/tru-precious-metals-corp

YouTube : https://www.youtube.com/channel/UCHghHMDQaYgS1rDHiZIeLUg/

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

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

Forward-Looking Statements

This press release contains certain forward -looking statements, including those relating to exploration plans at

Golden Rose and future transaction opportunities. These statements are based on numerous assumptions regarding

Golden Rose, the Company’s exploration plans , and corporate strategy that are believed by management to be

reasonable in the circumstances, and are subject to a number of risks and uncertainties, including without

limitation: mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of

mineralization hosted on Golden Rose; the exploration potential of Golden Rose and the nature and style of

mineralization at Golden Rose; risks inherent in mineral exploration activities; challenges in identifying suitable

transactions, and transaction execution risks; volatility in precious metals prices, financial market conditions, and

economic conditions; and those other risks described in the Company’s continuous disclosure documents. Actual

results may differ materially from results contemplated by the forward -looking statements herein. Investors and

others should carefully consider the foregoing factor s and should not place undue reliance on such forward -

looking statements. The Company does not undertake to update any forward-looking statements herein except as

required by applicable securities laws.