Awale Resources Limited — Capital/Financing Update 2021

Nov 11, 2021

AVARONE METALS INC. Suite 610, 700 West Pender Street Vancouver, BC Canada V6C 1G8

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AVARONE ANNOUNCES GRANT OF STOCK OPTIONS

Vancouver, B.C., November 10, 2021 – Avarone Metals Inc., (CSE: AVM.X, OTC: AVRTF, FWB: W2U, WKN: A14SVX) (the “ Company ” or “ Avarone ”) announces it has granted incentive stock options (the “ Options ”) pursuant to its 10% rolling stock option plan, to certain directors, officers, and consultants of the Company. An aggregate of 1,450,000 Options have been granted to insiders of the Company. Each Option is exercisable at $0.05 for a period of five years expiring on November 8, 2026.

The grant of Options is subject to acceptance by the Canadian Securities Exchange.

On behalf of the Board of Directors,

AVARONE METALS INC.

Marc Levy Chief Executive Officer

For more information contact the Company at: Telephone: (604) 669-9788 Facsimile: (604) 669-9768

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. We seek Safe Harbor.