Vancouver - CAVU Mining Corp. (CSE: CAVU) (OTCQB: CAVVF) (FSE: 8NQ) ('CAVU' or the 'Company') is pleased to announce that it has signed a definitive agreement to option a 51% interest in the Star copper-gold porphyry project ('Star') in northern British Columbia from Prosper Gold Corp.

The Company purchased 49% of the Star Project on April 20, 2022, and now has a path to own 100% of the asset. The Star Project is located in the traditional territory of the Tahltan and Taku River Tlingit First Nations.

Highlights

The Star Project is a Copper-Gold Porphyry in the Golden Triangle

CAVU Owns a 49% interest in the Star Project and signed a definitive option agreement to earn the remaining 51% interest in the Star Project

Over 13,000 m of modern drilling has been completed within the 6,829 Ha claim block

The Star Project is fully permitted for advanced exploration with 200 drill sites until 2026

A data verification program will be planned in the near future

CAVU will make payments of 1.25 M shares and $1.155 M over two years

'The signing of the definitive agreement gives us a path towards full ownership of the Star Project and allows us to start working towards a comprehensive exploration program,' stated Dr. Jaap Verbaas, CEO of CAVU. 'This fully permitted and drill-ready porphyry project is a great addition to our portfolio and we are looking forward to starting exploration. The Company has been taking big strides this year with a 5,000 m drill program starting on the Hopper and the acquisition of the Star Project in the Golden Triangle of BC.'

The Star Copper-Gold Porphyry Project

The Star Project is a copper-gold porphyry of 6,829 Ha. The project is located about 50 km of the community of Telegraph Creek. Regionally, the property is within the Stikine Arch, an important geological region that hosts a number of large porphyry copper-gold projects.

Exploration Permit

A multi-year, area-based (MYAB) exploration permit for the Star Project was granted in 2020 and expires in 2026. The exploration permit allows for 200 drill sites and further trail building to service those drill sites. Upon the completion of due diligence, the exploration permit will be transferred to CAVU from Prosper Gold Corp.

About CAVU Mining Corp.

CAVU Mining Corp. is a mining company engaged in the acquisition, exploration and development of mineral projects containing metals used in green technologies and the renewable energy sector. The Company is currently focused on the exploration of its Hopper Copper-Gold Porphyry Project in Yukon and recently acquired Star Copper-Gold Porphyry Project in BC.

Contact:

Dr. Jaap Verbaas

Tel: 604-493-2997

Email: jverbaas@cavumining.com

Forward-Looking Statements

All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Canadian Securities Exchange, the British Columbia Securities Commission and the Ontario Securities Commission.

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