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WMK.V ·

Calgary, January 13, 20 23 – Whitemud Resources Inc. (“Whitemud” or the “Company” ) (TSXV –

Corporate Updates

{04085319-1}

WHITEMUD RESOURCES INC.

NEWS RELEASE

January 13, 2023

Calgary, January 13, 20 23 – Whitemud Resources Inc. (“Whitemud” or the “Company” ) (TSXV –

“WMK”) announces that , fur ther t o its December 23, 2022 press release, Kasten Energy Inc. has

commenced an a ction against the Company in the King ’s Bench of Alberta, seeking judgment in th e

amount of $1,139,561 and certain additional amounts , including additional damages in the amount of

$113,000. Whitemud intends to file a statement of defence.

About Whitemud Resources Inc.

Whitemud is a Ca nadian-based c orporation holding mi neral rights t o expl oit a large kaolin deposit in

southern Saskatchewan, together with a processing facility located on the property. Whitemud’s pr oduct,

Whitemud (MK) is a cement -grade metakaolin that enhances the perfor mance of cemen t for oil a nd gas

wells and construction applications. The Company uses a process th at minimizes environmental impact.

Midstream Energy Partners, a division of Whitemu d Resources Inc. formed in 2015, engages i n the

business of commodity marketing and logistics.

For further information, please contact:

Whitemud Resources Inc.

Suite 900, 332 - 6th Avenue SW

Calgary, Alberta T2P 0B2

Attention: Stan Owerko: 403-200-5253

Reader Advisory

This news release contains a forward -looking statement, within the meaning of applicable securities

legislation, concerning Whitemud’s business and affairs. In certain cases, forward -looking statements can

be identified by words such as “intends” or “potential”, or variations of su ch words and phrases, or words

and phrases which state that certain actions, events or results “may”, “could” or “might” be achieved. Such

statements involve known and unknown risks and uncertainties that may cause actual results or events to

differ materially from those anticipated . Although Whitemud believes these statements to be reasonable,

no assurance can be given that these expectations will prove to be correct and they should not be unduly

relied upon. The statement that Whitemud intends to file a s tatement of defence represents Whitemud’s

expectations as of the date hereof, and is subject to change . Whitemud disclaims any intention or

obligation to update or revise a ny forward -looking statements whether as a result of new information,

future events or otherwise, except as may be required by applicable securities regulations.

Neither 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.

Not for distribution to United States Newswire Services or for dissemination in the United States.