Umdoni Exploration Inc. Reports on Unusual Market Activity

Umdoni Exploration Inc. Reports on

Unusual Market Activity

Vancouver, British Columbia (March 22, 2023) – Umdoni Exploration Inc. (CSE:UDI ) (the

"Corporation " or " Umdoni "), at the request of IIROC, reports that in view o f unusual market

activity in the trading of the Corporation's common shares, it is not aware of any material

undisclosed information.

While the Corporation ordinarily does not comment on market activity or market speculation, the

Corporation confirms that it is not aware of any ma terial corporate developments that could

account for the unusual trading activity.

On behalf of the Board of Directors

Jesse Hahn, CEO and Director

Tel. 587-985-7814

About Umdoni:

The Company is focused on the exploration of its 10 0% owned Chlore Property (the “Property”)

located near Smithers, BC. The Property hosts a calcalkalic porphyry copper-molybdenum target.

Forward-Looking Statements:

Statements and certain information contained in this press release and any documents incorporated

by reference may constitute "forward-looking statem ents" within the meaning of applicable

Canadian securities legislation which may include, but is not limited to, information with respect

to the Corporation's expected production from, and further potential of, the Corporation's

properties; the Corporation's ability to raise addi tional funds; the future price of minerals,

particularly gold and copper; the estimation of mineral reserves and mineral resources; conclusions

of economic evaluation; the realization of mineral reserve estimates; the timing and amount of

estimated future production; costs of production; c apital expenditures; success of exploration

activities; mining or processing issues; currency exchange rates; government regulation of mining

operations; and environmental risks. Often, but not always, forward-looking

statements/information can be identified by the use of words such as "plans", "expects", "is

expected", "budget", "scheduled", "estimates", "for ecasts", "intends", "anticipates", or "believes"

or variations (including negative variations) of su ch words and phrases, or statements that certain

actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be

achieved. Forward-looking statements/information is based on management's expectations and

reasonable assumptions at the time such statements are made. Estimates regarding the anticipated

timing, amount and cost of exploration and developm ent activities are based on assumptions

underlying mineral reserve and mineral resource est imates and the realization of such estimates

are set out herein. Capital and operating cost esti mates are based on extensive research of the

Corporation, purchase orders placed by the Corporat ion to date, recent estimates of construction

and mining costs and other factors that are set out herein.

Forward-looking information involves known and unkn own risks, uncertainties and other factors

that may cause the actual results, performance or a chievements of Umdoni and/or its subsidiaries

to be materially different from any future results, performance or achievements expressed or

implied by the forward-looking statements. Such factors include: uncertainties of mineral resource

estimates; the nature of mineral exploration and mining; variations in ore grade and recovery rates;

cost of operations; fluctuations in the sale prices of products; volatility of gold and copper prices;

exploration and development risks; liquidity concerns and future financings; risks associated with

operations in foreign jurisdictions; potential revo cation or change in permit requirements and

project approvals; competition; no guarantee of tit les to explore and operate; environmental

liabilities and regulatory requirements; dependence on key individuals; conflicts of interests;

insurance; fluctuation in market value of Umdoni's shares; rising production costs; equipment

material and skilled technical workers; volatile cu rrent global financial conditions; and currency

fluctuations; and other risks pertaining to the mining industry. Although Umdoni has attempted to

identify important factors that could cause actual actions, events or results to differ materially from

those described in forward-looking statements, there may be other factors that cause actions, events

or results to differ from those anticipated, estima ted or intended. Forward-looking information

contained herein or incorporated by reference are m ade as of the date of this presentation or as of

the date of the documents incorporated by reference , as the case may be, and Umdoni does not

undertake to update any such forward-looking inform ation, except in accordance with applicable

securities laws. There can be no assurance that for ward-looking information will prove to be

accurate, as actual results and future events could differ materially from those anticipated in such

information. Accordingly, readers are cautioned not to place undue reliance on forward-looking

information. The forward-looking information contai ned or incorporated by reference in this

document is presented for the purpose of assisting shareholders in understanding the financial

position, strategic priorities and objectives of the Corporation for the periods referenced and such

information may not be appropriate for other purposes.

The CSE does not accept responsibility for the adequacy or accuracy of this news release.