Jourdan Resources Inc. has entered into an asset purchase agreement dated as of May 19, 2023 with Globex Mining Enterprises Inc. (the "Agreement") to acquire six mining claims located north of Val d'Or in Quebec (the "Claims"). The Claims are surrounded by the Company's other mining claims in the area known as the Vallée project. Consideration for the acquisition is as follows: CAD 100,000; 2,040,816 common shares of the Company at a deemed price of $0.0735 per share, being the 10-day volume weighted average price of the shares on the TSX Venture Exchange ("TSXV") as of the date of this release; and a 2% net smelter return royalty affecting the Claims payable to the vendor, half of which Jourdan is entitled to repurchase prior to the commencement of commercial production for $1 million (indexed to Canadian inflation as represented by the consumer price index).

The common shares of the Company issued to the vendor in connection with the acquisition will be subject to a regulatory hold period of four months and one day from the closing. The acquisition is an arm's length transaction for the purposes of the policies of the TSXV and is subject to the approval of the TSXV. Jourdan is not paying any finder's fees in connection with the acquisition.

The closing of the acquisition is subject to the satisfaction of customary conditions precedent on or before the August 15, 2023 longstop date, including, inter alia, approval of the TSXV.