Filing of NI 43-101 Technical Report And Closing Of Definitive Agreement To Acquire Alaska Mineral Claims

VANCOUVER - Optimum Ventures Ltd. has closed the share exchange agreement with all of the shareholders of 1309762 B.C. Ltd., a privately held corporation incorporated under the laws of British Columbia, pursuant to which the Company acquired all of the issued and outstanding common shares from the shareholders of Vendor in exchange for 3,000,000 common shares of the Company subject to the terms and conditions set out in the Agreement.

The Company now owns 19 contiguous mining claims forming the Salmon Property covering approximately 208 hectares in the Hyder Mining District situated in southeastern Alaska, along the panhandle, immediately east of the Salmon River. The property is well located near infrastructures such as an all-weather road, a town, a power line, and docks at tidewater.

In connection with the Transaction, the Company received a Technical Report entitled "NI 43-101 Technical Report on the Salmon Property, Hyder Mining District, Alaska" dated October 14, 2022, which has been prepared for the Company by Alojzy Walus, M. Sc., P. Geo and Registered Geologist, who is a "Qualified Person" as such term is defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (the "Technical Report").