McFarlane Lake Mining Limited Completes Reverse Takeover of McFarlane Lake Mining Incorporated

January 14, 2022

McFarlane Lake Mining Limited (“McFarlane”), formerly 1287401 B.C. Ltd., has completed a reverse take-over (the “RTO”) of McFarlane Lake Mining Incorporated (“MCFL”), a privately held mineral exploration company incorporated under the laws of the Province of Ontario, by way a three-cornered amalgamation. MCFL has entered into a definitive purchase agreement dated effective December 30, 2021 with Canadian Star Minerals Ltd. (“CSM”) to purchase all of CSM’s right, title and interest in the High Lake mineral property located immediately east of the Ontario-Manitoba border, the West Hawk Lake mineral property located immediately west of the Ontario-Manitoba border and the McMillan mineral property located 13km south of Espanola. In addition, MCFL holds options to purchase the Michaud/Munro mineral property and the Mongowin mineral property.

Trading of the common shares of McFarlane is expected to commence on the Neo Exchange Inc. on Wednesday, January 26, 2022 under the symbol “MLM”.

Wildeboer Dellelce LLP acted for MCFL in connection with the RTO with a team comprising Perry Dellelce, Al Wiens, Niall Sweeney, Nathan Holloway and Emma Weiss (corporate/securities). Wildeboer Dellelce LLP will be legal counsel for McFarlane moving forward.