Mont Royal Resources Limited announced that a two phase exploration program will commence at the Northern Lights Project(s) in the Upper Eastmain Greenstone Belt located in Quebec, Canada. Eastmain Léran - Drilling Program The Company will shortly commence a diamond drilling program of 5 planned holes targeting potential copper & gold extensions to historical exploration in the 1950's and 1970's. The program will consist of approximately 1,000m of drilling over a 2 to 3 week period. The drill program will be targeting shallow copper-gold sulfides mineralization that appears to be the source of the sulfide blocks found down-ice on the neighboring (western) property.

Drill holes will be orientated to target the horizon hosting the `Alta-Eastmain showing' to coincide with strongest anomalies from the 2022 soil survey. Historical exploration - Eastmain Léran The project covers the eastern portion the Upper Eastmain Greenstone Belt (UEGB) over an area of over 281 km2. Exploration in the area started in the early 1940's (Tait, 1945), however it was only in 1957 that the first mineral discovery, the Alta-Eastmain showing, was made following prospection and mapping by Rio Tinto (Hébert, 1971).

Since then, exploration was undertaken sporadically, and seven mineral occurrences were found. Before 2017, the area was considered underexplored despite the UEGB hosting the Eastmain gold mine and several other Cu-Au occurrences. Between 2017 and 2019, airborne EM, trenching (Desbiens, 2018), prospection (Hurtubise and Block, 2019) and a regional indicator minerals and soil surveys were undertaken (Lavoie et al., 2019, Fournier, 2020 and Longuépée, 2021), and several areas of interest were highlighted.

In 2022, Mont Royal Resources conducted a soil survey on five grids located in the western area and preliminary results suggest that the Alta-Eastmain remains the area with highest potential for copper mineralization. The geology of the UEGB is favorable for volcanogenic massive sulphides (VMS) and therefore may host base and gold deposits, especially in the western end of the Eastmain-Léran property where the Alta-Eastmain occurrence is located. ALTA-EASTMAIN SHOWING - KEY AREA OF FOCUS AND HISTORICAL EXPLORATION WORK Found in 1957, the Alta-Eastmain occurrence is interpreted as a volcanogenic massive sulphide (VMS).

Average copper (Cu) grade from eight (8) grab samples is 1.35% Cu and the best reported channel sample yielded a grade of 1.26% Cu over 7.6 m (Nethery, 1959). The massive sulphide hosts secondary mineralisation of Ag (5.4 g/t), Ni (0.09%), Co (0.12%) and Au (0.3 g/t). Rio Tinto drilled four holes (Nethery, 1958) and Alta Copper and Metals drilled seven holes (Wahl, 1972) underneath the Alta-Eastmain showing and several holes intersected copper mineralization, especially Alta Copper's hole 72-2 with 1.64% Cu over 7.1 metres.

The mineralization is stratiform and several historical and recent trenches indicate that it is approximately 240m long and 7.6m wide (Desbiens, 2018). It remains open at both ends. It is associated with a brecciated rhyolite and a cherty tuff.

There is noticeable alteration (silicification). The mineralisation is cut by an ENE - WSW trending shear. Several exploration campaigns (stripping, drilling) focused on Alta-Eastmain, and its extension Alta-East, and it remains the most significant occurrence in the area.

Eastmain Léran - Final Soil survey results The Company has now received the entire package of results from the sampling program completed in second half of 2022. The final batches results are currently being processed by a polynormalization method that enables the filtering of false anomalies. The normalized results from the Alta-Eastmain grid are expected before the start of the drilling program and will help fine- tune the drill hole location and define the most promising trend.

Results from the other grids are currently being processed but these grids are located in areas with less geological data and any anomalies will be checked by prospecting before any future drilling. Bohier Project & Eastmain Léran - Lithium Exploration and Prospection program Additional to the upcoming drilling program, the Company is preparing a critical metals exploration program to identify lithium pegmatites on the Bohier and Eastmain-Léran projects. The Bohier mafic volcanics are part of the similar package that hosts Benz Mining's Ruby Hill pegmatite.

Additional pegmatites dykes were found less than a kilometre west of the Bohier Project and the dyke swarm could potentially extend onto the Bohier property. This program to be led by IOS Geoscientifique technical team will conduct a detailed prospecting campaign aimed at detailed mapping, logging, sampling of outcropping Wahemen granite. Results will be analysed to determine whether their chemical composition is compatible with lithium caesium tantalum (LCT) systems. The north edge of the Eastmain-Léran project is also a favorable lithium target because of the proximity of the Wahemen granite which has the chemistry and mineralogy of a LCT pegmatite parental granite (Talla Takam and Beauchamp, 2016).

The pegmatites are unlikely to be found in the granite itself but in the mafic volcanics a few kilometres from the greenstone - granite contact. The Company looks forward to embarking on its 2023 exploration program and will keep shareholders informed with updates as soon as they become available.