CANADA ONE ACQUIRES PROPERTY PACKAGE AND INCREASES PROSPECTIVE GROUND AT THE COPPER DOME PROJECT, PRINCETON, BRITISH COLUMBIA

Vancouver, B.C., December 12, 2023 – Canada One Mining Corp. (“Canada One” or the “Company”) (TSXV: CONE) (OTC: COMCF) (FSE: AU31) is pleased to announce it has entered into an agreement (the “Agreement”), dated December 10, 2023, pursuant to which the Company has agreed to acquire two claim groups totalling 632 hectares from an arm’s length vendor (each, a “Property” and collectively, the “Properties”), located contiguous to the Company’s flagship Copper Dome Project (“Copper Dome”), Princeton, British Columbia.

Highlights

The Properties have been relatively under-explored
100% owned, no net smelter royalty (NSR) or third party commitments
Northern Property is contiguous to Copper Dome’s Friday Creek Zone and 3.25km southwest of the neighbouring Copper Mountain Mine super pit
Northern Property has similar geological setting as Friday Creek Zone
Historical drilling and sampling at the Friday Creek Zone have confirmed Copper (Cu), Gold (Au), Platinum (Pt) and Palladium (Pd) mineralization (historical drill assay highlights in Table 1 below)
Southern Property increases land position at the recently acquired Copper Dome South (Cu and Au potential)
Southern Property has similar geological setting as Copper Dome South

Mr. Peter Berdusco, President and CEO of Canada One commented: “We feel very fortunate in adding additional ground at Copper Dome, specifically at the Friday Creek Zone which has historically proven to yield, not only gold and copper mineralization, but also platinum and palladium. The technical team are therefore anxious to perform reconnaissance field work in 2024 on this newly added area in hopes of uncovering its exploration potential.”

Northern Property

The northern Property is located west of the Company’s Friday Creek Zone which was the focus of a 2011 drill campaign and confirmed Cu and Au mineralization at depth. This area is prospective not only for copper (Cu) and gold (Au), but also for platinum-group elements.

Table 1: Selected Assay Highlights from Anglo-Canadian Mining Corp. 2011 Drill Program at Friday Creek Zone

The historical drill assays were undertaken by the prior operator, Anglo-Canadian Mining Corp. and have not been independently verified by the Company. The sampling was done to the standards of the time and is considered “historical” in nature and is not NI43-101 compliant and cannot be relied upon. The results are listed here to show why the Company is interested in this area. Future work and drilling may not repeat similar results.

Southern Property

The southern Property is located adjacent to the east of the recently acquired Copper Dome South area. This area has seen little historical exploration and is prospective for copper (Cu) and gold (Au).

Agreement Terms

The Agreement provides for the acquisition of the Properties for a total cash consideration of $2,500CDN.

The Acquisition does not involve any Non-Arm’s Length Parties (as defined in the policies of the Exchange) to the Company. In connection with Acquisition, the Properties do not have any material liabilities and the Company does not expect to assume any material obligations related to the Properties, nor does it expect to devote the majority of its working capital or resources to the development of the Properties. The primary focus of the Company at this time continues to remain the planned exploration and drilling work at Copper Dome Central. As a result, the Acquisition does not constitute a “fundamental acquisition” for the Company within the policies of the Exchange.

No finders’ fees or commissions are payable in connection with the Acquisition.

Copper Dome Project Highlights

The Project lies within the lower portion of the Quesnel Trough porphyry belt, a well-established mining district. The belt extends north from the Copper Mountain Mine, through the Elk, Brenda, Craigmont, Highland Valley, and New Afton mines
Previous drilling has confirmed the presence of high-grade copper associated with northeast running geological structures similar to those seen at the Copper Mountain Mine
Past exploration has identified the presence of palladium (Pd), platinum (Pt) and gold (Au) mineralization on the Property
Multiple zones of mineralization have been discovered on the Property to date
Excellent infrastructure provides year-round access with low-cost exploration and low jurisdictional risk
Past exploration includes, airborne magnetics flown over the entire Project, 51km of induced polarization (IP) surveyed over areas of interest, Airborne Magnetics and electro-magnetics (EM) surveyed over half of the Project area, 2,253 soil and 378 rock samples collected, over 8900m of diamond drilling and over 1km of trenching

For further information, interested parties are encouraged to visit the Company’s website at www.canadaonemining.com, or contact the Company by email at ir@strategixir.com, or by phone at 1.877.844.4661.

On behalf of the Board of Directors of

CANADA ONE MINING CORP.

Peter Berdusco

President and Chief Executive Officer

Neither the 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.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for gold, changes in exploration costs and government regulation in Guyana, status of artisanal mining activities and associated rights, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.