Stuhini Exploration Ltd. announced that the Company has renewed its option on the Que Project. The Option Agreement was first announced on February 17, 2020, was amended and restated on February 28, 2020 and was further amended and restated on October 26, 2020. The Amended Option Agreement provided that Stuhini can acquire a 100% interest in Que Property, located in Yukon, Canada approximately 70 kilometres (km) from Johnson's Crossing (the Option). Pursuant to the Amended Option Agreement, Stuhini can earn a 100% interest in the Property by issuing up to 937,500 common shares of the Company and making cash payments of up to $95,000 over a 5-year term.

Based on the road accessibility and what the board of directors of the Company considered to be the prospective nature of the Property, the Board has unanimously voted in favor of proceeding with the fourth anniversary Option Commitment which consists of 125,000 Common Shares and a $35,000 cash payment. This share issuance and cash payment is the only committed payment over the next 12 months. There are no work commitments.

The final share issuance and cash payment is at the Company's election should it wish to complete the Option Agreement on April 1, 2025.