Toronto - Voyageur Mineral Explorers Corp. (CSE: VOY) ('Voyageur' or the 'Company') is pleased to provide an update of recent developments from the Company's royalty portfolio.

Voyageur is also pleased to report that on January 20, 2022, the Company received $740,000 from the exercise of 1,850,000 warrants with an exercise price of $0.40 per warrant.

'Following the recent warrant exercise, Voyageur sits comfortably with an unaudited current cash balance of approximately $1,550,000 and low corporate overhead,' commented Fraser Laschinger, President and CEO of the Company. 'We are well positioned to realize the substantial value sitting within our royalty portfolio over the medium term. To that end, we are pleased to provide an update on the significant progress made by the project owners over the past year and applaud them for their great work.'

In Callinex's annual letter to shareholders (note 7), President and CEO Max Porterfield noted: 'The Rainbow has expanded significantly closer to the surface over the last year with the potential of coming within 100m of surface compared to its initial discovery at 900m below surface. Rainbow has also grown in other ways, which has been highlighted by a number of wide intervals that have been intersected in the Orange and Yellow zones, the two known zones that make up the Rainbow Deposit.

One thing that has remained the same since the first discovery hole - that is consistent high copper grades have been intersected throughout the deposit. Based on our extensive drill program, Rainbow has emerged as one of the highest grade copper deposits on a global basis which is consistent for deposits discovered within the prolific Flin Flon Mining District of Manitoba.'

Other Royalties

In addition to the royalties noted above, Voyageur also owns a 2% NSR on Foran's Balsam property, which hosts the Thunder Zone, as well as a 2% NSR on the Hanson property and a 2% NSR and 6% NPI on the Reed property. The Company has a 2% NSR on Rockcliff Metal Corp.'s Morgan Woolsey property, and a 1% NSR on the Cook property.

ABOUT VOYAGEUR MINERAL EXPLORERS CORP.

Voyageur is a Canadian junior mineral exploration company with a specific focus on mineral properties in Northwest Manitoba and Northeast Saskatchewan, Canada. The Company owns a valuable package of royalties in the prolific Flin Flon greenstone belt, and has assembled a portfolio of base metal and precious metal prospects in strategic locations in the Provinces of Manitoba and Saskatchewan.

Contact:

Fraser Laschinger

Tel: 647-242-5511

FORWARD-LOOKING INFORMATION

This news release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to the exploration and development activities of Foran and Callinex with respect to their properties in which the Company has an interest. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects', or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', or 'does not anticipate', or 'believes' or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might', or 'will be taken', 'occur', or 'be achieved'. Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Voyageur to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current production, development and exploration activities, government regulation, political or economic developments, environmental risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of mineral exploration and development, including the risks of diminishing quantities of grades of resources, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in Voyageur's public disclosure documents which are available on SEDAR at www.sedar.com. Although Voyageur has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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