Dlv Resources Announces Share Consolidation

DLV RESOURCES LTD.

SUITE 3123 - 595 BURRARD STREET

VANCOUVER, BC V7X 1J1

Tel: 604-609-6110

DLV RESOURCES ANNOUNCES SHARE CONSOLIDATION

July 12, 2022 TSXV: DLV.H

Vancouver, British Columbia – DLV Resources Ltd. (“DLV” or the “ Company”) (TSXV: DLV.H) is

pleased to announce that the Board of Directors of the Company has approved a consolidation of its

issued and outstanding share capital on the basis of one (1) new common share for every five (5)

outstanding common shares (the “Consolidation”).

Subject to approval from the TSX Venture Exchange, t he Consolidation will be effective at the

opening of the market on or about Friday, July 15, 2022 ( the "Effective Date"). The Company will not

change its name as part of the Consolidation, but will issue new share certificates under a new CUSIP

number 23342T204. The Company's common shares will continue to trade on the TSX Venture

Exchange under its current symbol "DLV.H".

The Company currently has 74,3 40,328 common shares issued and outstanding. As at the Effective

Date, the Company will have approximately 14,868,066 common shares issued and outstanding. No

fractional shares will be issued under the consolidation and any fraction will be rounded to th e

nearest whole number.

ON BEHALF OF DLV RESOURCES LTD.

“Geir Liland”

Geir Liland,

Chief Executive Officer

For further information, please contact:

Jasvir Kaloti

CFO & Corporate Secretary

Tel: (604) 609-6138

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 acc uracy of this

release.