Southern Empire, Enduro Metals finalizes Pedro earn-in

Mr. Dale Wallster reports SOUTHERN EMPIRE AND ENDURO METALS FINALISE SMP'S EARN-IN OF THE PEDRO GOLD PROJECT, MEXICO Southern Empire Resources Corp. and Enduro Metals Corp. have agreed to close Southern Empire's acquisition of the 1,750-hectare Pedro Gold Project (Pedro) in Durango State, Mexico. Pursuant to amendments of the original option agreement (see news release of July 27, 2021), Southern Empire will now, subject to TSX Venture Exchange approval, acquire a 100-per-cent interest in the Pedro mineral tenements by becoming the owner of a 100-per-cent beneficial interest in Minera BRG SA de CV (currently the Mexican subsidiary of Enduro that owns Pedro) by issuing to Enduro two million common shares of Southern Empire and committing to a future milestone payment of $2-million upon commencement of commercial production. Enduro retains a 2-per-cent net smelter return (NSR) royalty interest from future Pedro production with no buydown provision. The Pedro gold project is located 80 kilometres (approximately 50 miles) from Torreon, Mexico, in the northeastern part of the state of Durango and approximately 30 kilometres west of the town of Mapimi. At Pedro, a gold exploration target is outlined at surface by a gold-in-soil geochemical anomaly (greater than 10 parts per billion) with dimensions of 4,000 metres by 1,000 metres. Outcrop exposure comprises prominent hematite-stained, silica-rich ridges of angular chalcedony fragments and silicified sedimentary rocks within a coarse breccia. Historical sampling of these exposed zones has returned gold values (in rock) ranging from background levels to a maximum of 2.3 grams gold per tonne, with 58 samples greater than 0.25 gram per tonne gold and 11 greater than one g/t Au). Induced polarization ground geophysical surveys have defined zones of elevated chargeability and identified discrete deep-target features. Southern Empire completed 856.3 metres of core drilling at Pedro in 2022, returning a best interval of 15.23 m grading 0.577 g/t Au in hole P22-03, approximately 800 m from 2014 drilling by a subsidiary of Newmont Mining Corp. Gold mineralization at Pedro is hosted in permeable basal conglomerates deposited during Oligocene extensional deformation, the latter forming widespread Basin and Range physiography along the eastern part of Sierra Madre Occidental. This regional structural setting, together with a highly anomalous trace element association with arsenic (orpiment and realgar are common), antimony, mercury and thallium and alteration, indicates a possible Carlin-style mineral system. Quality assurance/quality control (QA/QC) data verification statement Historical samples mentioned in this release were prepared and analyzed at various times by ALS Chemex at its labs in Chihuahua, Mexico, and Vancouver, Canada. See news releases dated Sept. 16, 2012, and July 2, 2014 (historical drill results), posted on SEDAR+ under Bearing Lithium Corp., and news releases dated Feb. 19, 2020, March 30, 2021, and July 27, 2021, for Commander Resources Ltd. for QA/QC details. Drill samples collected by Southern Empire were prepared at an ALS Geochemistry lab facility in Chihuahua, Chihuahua state, Mexico, and then shipped by ALS to its North Vancouver, B.C., facility for gold and multielement analysis (see Commander and Southern Empire's news release dated April 27, 2022, for QA/QC details). Qualified person The scientific and technical information contained in this news release has been prepared, reviewed and approved by David Tupper, PGeo (British Columbia), Southern Empire's vice-president, exploration, and a qualified person within the context of Canadian Securities Administrators' National Instrument 43-101, Standards of Disclosure for Mineral Projects. About Southern Empire Resources Corp. Southern Empire is focused on the acquisition, exploration and development of metals and minerals deposits in North America. On Southern Empire's Pedro gold project in northeastern Durango state, Mexico, gold mineralization is present in 12 of the 17 holes drilled to date. Please see Southern Empire's news releases posted on SEDAR+ or Southern Empire's website for further details. In the Cargo Muchacho mountains of Imperial county, California, Southern Empire owns 100 per cent of the historical gold-producing American Girl mine property and holds options to acquire a 100-per-cent interest in the adjacent 2,160-hectare (5,338-acre) Oro Cruz property, located approximately 22.5 kilometres (14 miles) southeast of the operating Mesquite gold mine of Equinox Gold Corp. At Oro Cruz, extensive historical drilling and large-scale open-pit and underground mining of the American Girl, Padre y Madre, Queen and Cross oxide gold deposits by the American Girl mining joint venture (AGMJV) occurred between 1987 and 1996. During that time, gold was recovered by either heap leaching of lower-grade ores or milling of higher-grade ores until AGMJV operations ceased in late 1996 because of declining gold prices, leaving the Oro Cruz property with many gold exploration targets in addition to a historical inferred resource estimate, reported in 2011 by Lincoln Mining Corp., totalling 341,800 ounces gold based on 4,386,000 tonnes averaging 2.2 g/t Au at a cut-off grade of 0.68 g/t Au (4,835,000 tons at 0.07 ounce per ton gold). We seek Safe Harbor.