1844 Extends Its Position to 299 Claims on Native Copper Project

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") is pleased to provide an update with respect to its previously announced sale (the "Transaction") of the Lac Arsenault project to Canadian Gold Resources Ltd. (the "Purchaser"). Pursuant to the terms of the Transaction, the Purchaser paid 1844 Six Hundred Thousand Canadian Dollars (CAN$600,000.00) as follows:

• One hundred thousand Canadian dollars (CAN$100,000) in cash; and

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844"), is pleased to announce it has closed its previously announced non-brokered private placement of units (each, a "Unit"). At closing, the Company issued 14,117,500 Units at a price of $0.02 per Unit for aggregate gross proceeds of $282,350 (the "Unit Offering").

Each Unit is comprised of one common share in the capital of the Company (a "Common Share") and one-half of one Common Share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder thereof to acquire one Common Share at an exercise price of $0.05 for a period of 36 months following closing of the Unit Offering.

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") announces that its previously announced amended and restated option agreement (the "Amended and Restated Option Agreement") with Nickel North Exploration Corp. has terminated in accordance with the terms of the Amended and Restated Option Agreement due to market conditions. As a result, the Company has no right to acquire any interest in the Hawk Ridge property.

With the termination of the Amended and Restated Option Agreement, the Company now intends to use the aggregate gross proceeds of up to $1,500,000 from its previously announced non-brokered private placement of up to 75,000,000 units (each, a "Unit) at a price of $0.02 per Unit (the "Unit Offering") for general and administrative expenses and for other properties in the Company's portfolio. The Company expects to close the Unit Offering on or about March 8th, 2024, subject to TSX Venture ("TSX-V") approval.

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844"), as previously announced, the Company has entered into an amended and restated option agreement with Nickel North Exploration Corp. (the "Option Agreement") with respect to the Hawk Ridge property in Quebec. In connection with the Option Agreement the Company previously announced a non-brokered private placement of up to 75,000,000 units (each, a "Unit") at a price of $0.02 per Unit for aggregate gross proceeds of up to $1,500,000 (the "Unit Offering"). The Company is proceeding with the Unit Offering and expects to close the Unit Offering concurrently with the closing of the Option Agreement. Closing of the Unit Offering and the Option Agreement remain subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the TSX Venture Exchange (the "Exchange").

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") is pleased to provide an update with respect to its previously announced non-brokered private placement of units (each, a "Unit") for aggregate gross proceeds of up to $1,000,000 (the "Unit Offering") and its previously announced amended and restated option agreement with Nickel North Exploration Corp. (the "Option Agreement") with respect to the Hawk Ridge property in Quebec.

The Company increases its previously announced Unit Offering of up to 50,000,000 Units to up to 75,000,000 Units for gross proceeds of up to $1,500,000. Each Unit will be comprised of one common share in the capital of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Unit Warrant"), at a price of $0.02 per Unit. Each Unit Warrant will entitle the holder thereof to acquire one Common Share at a price of $0.05 for a period of 36 months following the closing of the Unit Offering. The Company expects to close the Option Agreement concurrently with the closing of the Unit Offering. Closing of the Unit Offering and the Option Agreement remain subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the TSX Venture Exchange (the "Exchange").