Toronto, Ontario--(Newsfile Corp. - March 4, 2024) - York Harbour Metals Inc. (TSXV: YORK) (OTCQB: YORKF) (FSE: 5DE) ("York Harbour" or the "Company"):

Dear Shareholders,

As the newly appointed CEO of York Harbour Metals, it is my privilege to address you during what has undeniably been a challenging period for our industry and specifically for our Company. Despite the adversity faced by most junior mining companies last year, our resolve remains unshaken, fueled by the promising potential of our projects and the unwavering support you have provided.

Firstly, I extend my heartfelt thanks for your patience and support as we navigate through the capital markets' volatility and the significant transitions within our Company. My primary focus since assuming leadership has been to implement strategic changes essential for our growth and sustainability. This includes refining our future strategy, exploring financing options and strategic alliances, and critically, reducing our operational expenses to ensure a leaner, more efficient operation.

Operational Efficiency and Financial Health

In my quest to safeguard our Company's financial health, I have taken decisive steps to significantly reduce our burn rate. Management salaries have been reduced to zero, with the only salaried positions being those critical to our operations: the CFO, Corporate Secretary, and Investor Relations. This decision reflects our collective commitment to the Company's long-term success, with past management debts being converted into shares at a future date. This initiative has reduced our monthly burn rate to below $20,000, demonstrating our management team's dedication and willingness to sacrifice for our shared vision.

Project Updates and Strategic Directions

Our portfolio, including the York Harbour Copper Property and the neighbouring Bottom Brook Rare Earth/Critical Elements Property, remains our cornerstone. Our comprehensive review of these projects has revealed untapped potential and new opportunities for exploration.

York Harbour - Copper Property: With the expertise of Alex Bugden, G.I.T. our exploration manager & onsite geologist, and fresh insights from external geologists, we have identified new targets and areas for exploration. Our technical audit has confirmed that significant portions of this large property remain unexplored, especially at depths beyond 300 metres. With all necessary permits in place, we are poised to pursue these high-priority targets aggressively.

Bottom Brook - Rare Earth & Critical Elements Property: Following a recent drill program, we have uncovered promising intercepts of sulphides and rare earths previously overlooked. We are now undertaking a more thorough analysis to ensure that the full potential of these finds is realized. This reassessment underscores our commitment to meticulous exploration and maximizing value from our assets.