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ZNG.V ·

Group Eleven Announces Uplisting to OTCQB Market

Listings & Exchange

Group Eleven Announces Uplisting to OTCQB Market

Vancouver, Canada, May 23, 2025 - Group Eleven Resources Corp. (TSX-V: ZNG; OTCQB: GRLVF; FRA:

3GE) (“Group Eleven” or the “Company”) is pleased to announce that its common shares have been

approved for uplisting from the OTCBB to the OTCQB Venture Market, effective today. The Company

will continue to trade under the symbol “ GRLVF” on the OTC and will continue to trade under the

symbol “ZNG” on the TSXV market.

The OTCQB is a premier marketplace for early -stage and developing companies, offering increased

visibility and credibility among U.S. investors. This uplisting reflects Group Eleven’s commitment to

transparency, improved liquidity, and adherence to high financial reporting standards.

“We are thrilled to achieve this milestone as we transition to the OTCQB market,” said Bart Jaworski,

CEO. “This uplisting enhances our ability to attract a broader investor base and supports our ongoing

efforts to advance our Ballywire zinc-lead-silver and copper discovery in the Republic of Ireland. Our

decision to be added to the OTC Markets Blue Sky Report will also help in boosting our visibility in the

United States.”

Trading the Company’s shares on the OTCQB Market provides the Company with a dealer market in

the United States that will provide easier access for US based investors and shareholders. The OTCQB

Market through its SEC registered OTC Link ATS features over 110 US broke r-dealers. The Company

has also applied for Depository Trust Company (DTC) eligibility. DTC is a subsidiary of the Depository

Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of

publicly traded companies.

About Group Eleven Resources

Group Eleven Resources Corp. (TSX.V: ZNG; OTC QB: GRLVF and FRA: 3GE) is drilling the most

significant mineral discovery in the Republic of Ireland in over a decade. The Company announced the

Ballywire discovery in September 2022, demonstrating high grades of zinc, lead, silver, copper,

germanium and l ocally, antimony. Ballywire is located 20km from Company’s 77.64% -owned

Stonepark zinc -lead deposit 1, which itself is located adjacent to Glencore’s Pallas Green zinc -lead

deposit2. The Company’s two largest shareholders are Glencore Canada Corp. (16.1% interest) and

Michael Gentile (16.0%). Additional information about the Company is available at

www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Bart Jaworski, P.Geo.

Chief Executive Officer

E: [email protected] | T: +353-85-833-2463

1 Stonepark MRE is 5.1 million tonnes of 11.3% Zn+Pb (8.7% Zn and 2.6% Pb), Inferred (Apr -17-2018)

2 Pallas Green MRE is 45.4 million tonnes of 8.4% Zn+Pb (7.2% Zn + 1.2% Pb), Inferred (Glencore, Dec -31-2024)

2

E: [email protected] | T: 604-644-9514

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.

Cautionary Note Regarding Forward-Looking Information

This press release contains forward -looking statements within the meaning of applicable securities

legislation. Such statements include, without limitation, statements regarding the continuation of

trading of the Company’s shares on the TSXV and OTCQB and the impact the uplisting will have on the

Company’s performance. Although the Company believes that such statements are reasonable, it can

give no assurance that such expectations will prove to be correct. Forward -looking statements are

typically identifie d by words such as: believe, expect, anticipate, intend, estimate, postulate and

similar expressions, or are those, which, by their nature, refer to future events. The Company cautions

investors that any forward-looking statements by the Company are not gu arantees of future results

or performance, and that actual results may differ materially from those in forward looking statements

as a result of various factors, including, but not limited to, general market, economic or business

conditions. All of the Com pany's public disclosure filings may be accessed via www.sedar plus.ca and

readers are urged to review these materials, including the technical reports filed with respect to the

Company's mineral properties.