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Group Eleven Welcomes Gatlin Smeijers to the Board of Directors

Management Changes

Group Eleven Welcomes Gatlin Smeijers to the Board of Directors

Vancouver, Canada, October 10, 2024 - Group Eleven Resources Corp. (TSX -V: ZNG; OTCBB: GRLVF;

FRA: 3GE) (“Group Eleven” or the “Company”) is pleased to announce that Gatlin Smeijers has been

appointed to the Board of Directors. Mr. Smeijers has been nominated by Glencore Canada

Corporation (which owns 17.6% of the Company) and will replace Ken Klassen, who has stepped down

from the Board. The Company would like to thank Mr. Klassen for his valuable insights and guidance

over the past four years.

Bart Jaworski, CEO of Group Eleven, commented: “We are delighted to welcome Gatlin to the team

and look forward to working with him to further grow shareholder value. Gatlin is an experienced and

well-respected lawyer in the international and Canadian mining industries, with experience not only

in regulatory and corporate law, but also in geological engineering.”

Mr. Smeijers is a corporate and regulatory lawyer and member in good standing of the Law Society of

Ontario. Prior to joining Glencore in 2022, Mr. Smeijers practiced law for 10 years at leading Canadian

law firms. Mr. Smeijers holds a Juris Doctor from Queen’s University and a Bachelor of Applied Science

in Geological Engineering from the University of Waterloo , where he currently teaches Engineering

Law and Ethics.

About Group Eleven Resources

Group Eleven Resources Corp. (TSX.V: ZNG; OTCBB: GRLVF and FRA: 3GE) is a mineral exploration

company focused on advanced stage zinc exploration in the Republic of Ireland. Group Eleven

announced the Ballywire discovery in September 2022. Key intercepts to date include:

• 3.3m of 12.5% Zn+Pb and 48 g/t Ag (G11-468-01)

• 10.8m of 10.0% Zn+Pb and 109 g/t Ag (G11-468-03)

• 10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11-468-06)

• 10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12)

• 11.2m of 8.9% Zn+Pb and 83 g/t Ag (G11-3552-03)

• 29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu (G11-3552-12) and

• 6.1m of 11.4% Zn+Pb, 85 g/t Ag (G11-3552-13)

• 5.6m of 13.1% Zn+Pb, 116 g/t Ag (G11-3552-17)

The Company’s two largest shareholders are Glencore Canada Corp. ( 17.6% interest) and Michael

Gentile (1 7.0%). 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

2

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

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 future results of

operations, performance and achievements of the Company, including the timing, content, cost and

results of proposed work programs, the discovery and delineation of mineral deposits/resources/

reserves and geological interpretations. 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 identified by words such as: believe, expect, anticipate, intend, estimate,

postulate and similar expressions, or are those, which, by their nature, ref er to future events. The

Company cautions investors that any forward-looking statements by the Company are not guarantees

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, variations in the nature,

quality and quantity of any mineral deposits that may be located. All of the Company's public

disclosure filings may be accessed via www.sedar.com and readers are urged to review these

materials, including the technical reports filed with respect to the Company's mineral properties.