The Board of District Mines Ltd. (TSXV:DIG.H) announced the spin-off of 1355379 B.C. Ltd. on September 16, 2022. Under the terms of transaction, District Mines one share will be exchanged for one share of spinco on basis of 1:1. Upon completion of arrangement, 1355379 B.C. Ltd will cease to be wholly owned subsidiary of District mines. In related transaction, The Board of District Mines Ltd also intent to spin-off 1355381 B.C. Ltd and 1355384 B.C. Ltd on September 16, 2022. Upon the terms proceeding to November 14, 2022, have been compiled with the requisite of approval of shareholders of District Mines. The transaction is subject to approval of shareholders of District Mines, regulatory and court. On January 27, 2023, District Mines Pursuant to the Distribution, shareholders of District Mines pre-Arrangement common shares as of February 1, 2023 (the "Record Date") will be entitled to receive one New Common Share of the Company and one common share of each of the SubCo's for each share of District Mines common shares held as of that date. The New Common Shares of the Company is expected to resume trading on the NEX Board of the TSX Venture Exchange under the symbol "DIG.H" on February 8, 2023. The arrangement was approved by Shareholders by a special resolution at annual meeting on December 14, 2022. Odyssey Trust Company acted as transfer agent to District Mines.

The Board of District Mines Ltd. (TSXV:DIG.H) completed the spin-off of 1355379 B.C. Ltd. on Shareholders of District Mines now hold common shares in 1355384 B.C. Ltd. Each of the SubCo's is now an unlisted reporting issuer in the provinces of British Columbia and Alberta. Following completion of the Arrangement, each SubCo has 12,889,152 common shares issued and outstanding with the following CUSIP/ISIN numbers: 1355379 BC LTD.: 682933106/CA6829331066.