Mountain Boy May Acquire 60% Interest in the DOK Claims by Paying $230,000 and Issuing 1,500,000 Shares to Exgen and by Spending $2,500,000 on the DOK Claims by January 2026

ExGen Resources Inc. provided an update on its DOK project in northern British Columbia which is currently under option to Mountain Boy Minerals Ltd. (MTB). Under the terms of the option Mountain Boy may acquire a 60% interest in the DOK claims by paying $230,000 and issuing 1,500,000 shares to ExGen and by spending $2,500,000 on the DOK claims by January 2026. In a news release dated September 28, 2023, Mountain Boy announced that the ongoing drilling program on the DOK claims, now part of its Telegraph porphyry project " has intersected evidence of porphyry style mineralization in all three of the drill holes on the Telegraph copper-gold project in British Columbia's Golden Triangle.

These widely spaced holes confirm the potential of an extensive mineralized porphyry system. Drilling is on-going. The geological setting of the Telegraph property is similar to four world-class porphyry copper-gold deposits in the same region, all of which are being advanced by major mining companies.

MTB put together a 344 square kilometometer land package beginning in 2021 and is now exploring this area for the first time on a consolidated basis. Initial visual results from the upper part of the first hole were reported in a news release on August 28. Hole 1 was drilled to 485 metres with chalcopyrite still visible at end of hole.

The hole tested an induced polarization chargeability anomaly coincident with a copper soil geochemistry anomaly and mineralized breccia mapped on surface. Work to date has focused on the northern portion of the Dok Trend. The trend extends for at least 3 km beyond the drilling and remains open to the southeast.

Two other important trends - Strata and Yeti - are emerging, both with potential to host additional porphyry-style mineralization. Drilling is proceeding on schedule and is anticipated to continue through October. The reader is cautioned that visible copper and/or porphyry style mineralization does not necessarily equate to significant concentrations of copper and there is no assurance that the assay results of the samples from these drill holes will yield significant copper grades.