Jubilee Gold Exploration Ltd. Appoints a New Chief Financial Officer

Toronto, Ontario--(Newsfile Corp. - July 22, 2024) - Jubilee Gold Exploration Ltd. (TSXV: JUB) (the "Company") is pleased to announce the appointment of Mr. Kyle Nazareth as its Chief Financial Officer effective July 22, 2024.

Mr. Nazareth brings over a decade of experience in managing public companies, advising on capital market transactions, and providing financial stewardship. He is the Chief Financial Officer of Branson Corporate Services, a Toronto-based firm focused on providing fractional services, strategic financial consulting, and financial compliance consulting at a high quality and on a cost-efficient basis. Mr. Nazareth brings a proven track record of success in providing extensive finance and capital markets expertise to clients in high-growth sectors.

Mr. Nazareth will succeed Mr. Aina, who has served as the Company's CFO since January 2024. The Company would like to take this opportunity to thank Mr. Aina for his role and effort with the company.

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties.

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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