CANADA ONE ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT AND ENTERS INTO INVESTOR RELATIONS AGREEMENT

Vancouver, B.C., September 8, 2023 – Canada One Mining Corp. (“Canada One” or the “Company”) (TSXV: CONE) (OTC: COMCF) (FSE: AU31) is pleased to announce that it has completed the first tranche of its non-brokered private placement and has issued 10,963,330 units (each, a “Unit”), at a price of $0.10 per Unit, for gross proceeds of $1,096,333. Each Unit consists of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a “Warrant”), allowing holders to purchase an additional common share at an exercise price of $0.15 until September 5, 2026 (the “Offering”).

The first tranche of the Offering was completed pursuant to the Listed Issuer Financing Exemption (the “LIFE Exemption”) as outlined in Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”) and pursuant to the Accredited Investor Exemption as outlined in Part 2 of NI 45-106. The Units issued to subscribers in the first tranche under the LIFE Exemption are not subject to resale restrictions in accordance with Canadian securities laws. All other securities issued in the Offering will be subject to a statutory hold period of four-months-and-one-day following issuance.

The net proceeds raised from the Offering will to be used to advance exploration and development of the Copper Dome Project located south of Princeton, British Columbia, extinguish liabilities and payables and for general administrative and working capital purposes.

In connection with the completion of the first tranche of the Offering, the Company paid $4,750 and issued 47,500 Warrants to certain arms-length third parties (the “Finders”) who assisted in introducing subscribers to the Offering. The Warrants issued to the Finders and any common shares of the Company issuable upon exercise of those Warrants are subject to restrictions on resale in accordance with Canadian securities laws until January 6, 2023. The Company anticipates paying finders’ fee to eligible third parties in connection with the completion of the additional tranche of the Offering. Closing of the additional tranche of the Offering remains subject to the approval of the TSX Venture Exchange.

Investor Relations

The Company is pleased to announce that it has entered into an investor relations agreement with Strategix Media Inc. (“Strategix”), effective September 1, 2023, to provide investor relations services. Strategix is a boutique investor relations firm based in Vancouver, British Columbia, which provides cross-media marketing solutions, including social media, to public companies seeking to increase their corporate awareness.

Strategix has been retained on a 12-month term at a monthly fee of C$8,500 plus reasonable out of pocket expenses for its services. After the initial 12-month period, either party may terminate the agreement at any time providing the other party with a 30 days’ prior written notice. Strategix is not related to the Company and has no interest, directly or indirectly, in the Company or its securities. The agreement is subject to TSX Venture Exchange approval.

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

On behalf of the Board of Directors of

CANADA ONE MINING CORP.

Peter Berdusco

President and Chief Executive Officer

1 877 844 4661

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.