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LGHT.CN ·

Alerio announces new VP, Corporate Development

Management Changes

#1000 – 409 Granville Street

Vancouver, BC, Canada, V6C 1T2

604-602-0001

Alerio Gold announces VP, Corporate Development

Vancouver, British Columbia – November 10, 2023 – Alerio Gold Corp. (“Alerio” or the “Company”)

(CSE: ALE) (OTC: ALEEF) is pleased to announce the addition of William Rascan as Vice President,

Corporate Development.

William brings +30 years’ experience in the investment brokerage/capital markets industry, currently

as CEO of Nova Mentis Life Science Corp (formerly Liberty Leaf Holdings) and previous to that, as

CEO of Weststar Resources. During his tenure at Liberty Leaf, Mr. Rascan oversaw all aspects of

the business which included a fundamental change of business into the cannabis sector, successfully

shepherding its Health Canada cultivation and processing license and growing the company to

+$100mm mkt cap.

AS VP, Corporate Development, William will be working closely alongside CEO, Al Fabbro, focusing

on the corporate development, financing and marketing needs of the Company.

Al Fabbro, CEO states, “I am pleased to welcome Will aboard for what we view as a busy 2024”.

About Alerio Gold Corp.

Alerio Gold is a mineral exploration and development company in the business of acquiring, and

exploring gold properties, with a focus in Guyana, South America. The company currently has 100-

per-cent interest in two properties located in Guyana S.A.

ON BEHALF OF THE BOARD OF DIRECTORS

“Allan Fabbro”

Allan Fabbro, CEO

For further information, please contact:

Geoff Balderson

Chief Financial Officer, Secretary, and Director

Telephone: 604-602-0001

Email: [email protected]

Forward-Looking Information

This press release contains forward-looking statements. Forward-looking statements can be identified by

the use of words such as, “anticipates”, “expects”, “is expected”, “intends”, “believes”, or variations of such

words and phrases or state that certain actions, events or results “may” or “will” be taken, occur or be

achieved. Forward-looking statements include those relating to the acquisition by Alerio Gold Corp. of all of

the Properties and the corresponding issuance of the Consideration Shares, the satisfaction of necessary

terms and conditions of the Definitive Agreement to complete the Acquisition, and the ownership of the

Properties via power of attorney.

Forward-looking statements are not a guarantee of future performance and are based upon a number of

estimates and assumptions of management in light of management’s experience and perception of trends,

current conditions and expected developments, including assumptions related to the ability of both

companies to successfully complete all the conditions precedent under the Definitive Agreement and the

companies receiving all necessary future approvals and permits. Actual results, performance or achievement

could differ materially from that expressed in, or implied by, any forward-looking statements in this press

release, and, accordingly, undue reliance should not be placed on any such forward-looking statements and

they are not guarantees of future results. Forward-looking statements involve significant risks, assumptions,

uncertainties and other factors that may cause actual future results or anticipated events to differ materially

from those expressed or implied in any forward-looking statements. Except as required by law, Alerio Gold

Corp. undertakes no obligation to publicly update any forward-looking statements, whether as a result of

new information, future events or otherwise.

The CSE nor its market regulator does not accept responsibility for the adequacy or accuracy of this news

release. The CSE has in no way passed upon the merits of the proposed Transaction and has neither approved

nor disapproved the contents of this news release.