BTU Acquires Two Extensive Gold Properties in the Active Wawa Gold District; The Echum Gold Project Adjacent to Alamos Gold and The Hubcap Gold Project Adjacent to Red Pine Exploration - Seite 2

BTU CEO Paul Wood commented; "We are excited to get in the field on both the Echum and Hubcap projects as soon as possible. Based on previous work on the projects which included surface exploration, drilling and, in the case of one area on the Hubcap project, mining, management believes that these are projects of considerable merit. We are funded and intend to start exploration this summer. At the same time Kinross continues to progress early exploration work at Dixie Halo project under the terms of the 2023 Exploration Option Agreement. Dixie Halo is located adjacent to their world class Great Bear project outside Red Lake. We will also continue to pursue additional high-quality projects in strong jurisdictions."

Asset Acquisition

The consideration payable by BTU on closing for a 100% interest in the Echum and Hubcap properties is: CAD$25,000 and 5 million BTU treasury common shares. The only other obligation of the Company is in regards to assuming four 2% net smelter royalties (the "Royalties") to the original vendors of various parcels in relation to four parts of the property, where applicable. The Company shall have the right to pay $1 million for 1% of 3 of the 4 existing 2% NSR's. The 4^th claim group has no buy down provision however has a right of first refusal in favor of the Company should the vendors decide to sell their NSR upon receipt of an offer to for their NSR. Some claims have no underlying royalty payable.

This transaction is subject to customary closing conditions, including corporate and regulatory approvals.

The Acquisition is an arm's length transaction pursuant to the policies of the TSX-V and is subject to approval of the TSX-V and the shareholders of the vendor which is anticipated to be received in not more than 60 days.

About the Purchased Properties

The Company entered into a property purchase and sale agreement with Kingsview Minerals Ltd., pursuant to which BTU will purchase an undivided 100% interest in and to 763 mining claims (34 Boundary Cell Mining Claims, 2 Multi-cell Mining Claims, and 727 Single Cell Mining Claims) covering approximately 16,048 hectares of land, located in the Sault Ste. Marie District of Ontario. The properties are in good standing, there are no ongoing payments and there are no work commitments on any of the claims (other than as required by the province of Ontario to keep the claims in good standing).