Jubilee Gold Exploration Ltd. Announces Transfer of Listing to NEX

Toronto, September 25, 2024 - Jubilee Gold Exploration Ltd. (TSXV: JUB) (the "Company") announces that it has been advised by the TSX Venture Exchange ("Exchange") that its listing will be transferred to the NEX Board ("NEX") of the Exchange effective as of the opening of trading on September 26, 2024. The transfer of the listing to NEX is being made as a result of the Company not meeting the Exchange's Tier 2 continued listing requirements ("CLR"). NEX is a separate trading board of the Exchange which provides a trading forum for issuers that do not meet the Exchange's CLR.

The Company's trading symbol will change from JUB to JUB.H on the effective date as a result of the transfer. The .H symbol extension differentiates NEX symbols from other symbols on the main stock list of the Exchange. There is no change in the Company's name, CUSIP number and no consolidation of its capital.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Cautionary Statement Regarding Forward-Looking Information

This news release contains "forward-looking statements" within the meaning of applicable Canadian securities laws, which reflect the current expectations of management of the Company's future growth, results of operations, performance and business prospects and opportunities. Forward-looking statements are frequently, but not always, identified by words such as "may", "would", "could", "will", "anticipate", "believe", "plan", "expect", "intend", "estimate", "potential for" and similar expressions, although these words may not be present in all forward-looking statements.

Although the forward-looking statements contained in the news release are based upon what management currently believes to be reasonable assumptions and the Company has attempted to identify important factors that could cause actual actions, events, conditions, results, performance or achievements to differ materially from those described in forward-looking statements, the Company cannot assure prospective investors that actual results, performance or achievements will be consistent with these forward-looking statements. Except as required by law, the Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. Accordingly, investors should not place undue reliance on forward-looking statements. All the forward-looking statements are expressly qualified by the foregoing cautionary statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

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