Decade Resources Ltd. — Capital/Financing Update 2023

Mar 14, 2023

Decade Resources Ltd. 426 King Street Stewart, BC V0T 1W0

TSX.V Trading Symbol: DEC

NEWS RELEASE

March 14, 2023

TREASURE MOUNTAIN EXPLORATION IN 2022 INDICATES HIGH COPPER-SILVER ASSAYS.

Stewart, BC – Decade Resources Ltd (“Decade”) reports that it has received assay values for over 300 surface samples from the Treasure Mountain-Nobody Knows-Terrace Gold projects in the Terrace BC area. The project stretches from 10 to 40 air kilometers east of Terrace, B.C., on the northern slopes of the Copper River valley. The project consists of 48 contiguous minerals claims totaling 17,470 hectares which form Treasure Mountain, Nobody Knows, Dardanelle (presently farmed out) and Treasure Mountain properties. All 48 mineral claims are 100% owned by Decade Resources Ltd. The eastern part of the property (Treasure Mountain group of claims) is predominantly underlain by volcanogenic rocks of the Jurassic Telkwa/Hazelton Group. The western parts of the project (Excelsior property and the western-central part of Dardanelle property) are underlain by predominant intrusive rocks which belong to the Coast Plutonic Complex, specifically the Kleanza/Topley Plutonic Suite

Highlights of 2022 sampling include the following:

• Location of the historic Peerless, Montana-Wells and Copper King showings.

• Locating several new copper showings called the 13.5 km and Nobody Knows # 2.

• Copper assays up to 41.2 % with substantial silver.

• Identification of 3 periods of mineralization: namely copper-silver bearing sulphides in volcanic red beds followed by copper sulphide-silver bearing shear zones and last, a late-stage epithermal copper sulphide-silver-gold bearing quartz – carbonate stockworks. Copper bearing sulphides include chalcopyrite, bornite and chalcocite and possibly native copper.

The Treasure Mountain – Nobody Knows properties have a great potential to host coppersilver deposits and/or copper-gold bearing stockworks. At present there are over 14 known copper bearing areas. They feature numerous copper showings of which only part have that been examined in 2022. The main copper occurrences appear to be associated either with basalt or its subvolcanic equivalent (diabase). Other copper occurrences are related to faults and fracture zones. Almost all showings in this area have a similar mineralogy (mostly bornite and chalcocite) and geochemical signature (copper-silver) which suggest the same source of mineralization.

During the 2022 program, representative grab sampling was completed over areas of interest and mineralization. Assay values ranged <0.005 to 3.196 g/t gold, <0.5 to 394 g/t silver and 5 ppm to 41.2 % copper. All values reported are for the 2022 exploration program.

The Keeler showing has been described in BC MINFILE as follows: “Andesitic volcanics of the Jurassic Hazelton Group are cut by intrusive dykes and northeast trending shear zones. A shear zone, dipping 75 degrees west and up to 2 metres wide, contains quartz- calcite veinlets mineralized with lenses of chalcocite, bornite, magnetite, and chalcopyrite.” Grab sampling by Decade has returned the following 2022 assays from the area of the reported showing:

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Sample
Number Gold g/t Silver g/t Copper %
180873 0.275 10 2.00%
180874 0.222 11.6 2.30%
180875 0.089 4.8 0.81%
180876 0.088 6.3 1.19%
180877 0.079 7.3 1.43%
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The region of the reported Montana-Wells showings is in a cirque at the head waters of Mattock Creek. In BC MINFILE the Montana is described as follows: “Shear zones with associated quartz-calcite veins cut andesitic volcanic rocks of the Jurassic Hazelton Group. Mineralization consists of stringers and disseminations of bornite and chalcocite.“ The Wells zone is described as follows: “Mineralization consisting of bornite, chalcocite and cuprite occurs in three shear zones cutting andesitic volcanic rocks of the Jurassic Hazelton Group. The variably oriented shear zones are up to 1.2 metres wide and contain stringers of quartz, calcite and epidote, up to 20 centimetres wide. “ Grab sampling by Company has returned the following 2022 assays from the area of the reported showing:

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Sample Number Gold g/t Silver g/t Copper %
180880 3.196 32.6 6.83%
180881 0.008 1.2 2962
180882 0.005 9.4 1.11%
180883 0.011 20.9 2.19%
180884 0.021 14.1 1.53%
180885 0.097 4.7 9248
180886 0.758 23 2.57%
180887 0.906 82.7 5.01%
180888 0.093 24.7 1.68%
180889 0.176 50.7 5.12%
180890 0.407 58.7 6.24%
180891 0.266 120 5.67%
180892 0.408 12.5 1.44%
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Sample 180880 is from a late quartz-carbonate vein representing the last mineralizing stage on the property. Approximately 600 m west, in the area of the postulated Wells showing, significant 2022 samples are as follows:

Sample Gold g/t Silver g/t Copper %

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Number
180873 0.032 28.8 1.32%
180874 0.008 16.4 2.18%
180875 0.224 16.7 3.02%
180876 0.007 5.2 5596
180877 0.008 48.8 2.23%
180878 0.05 24 1.34%
180879 0.049 13.3 7436
180880 0.028 42.7 1.84%
180881 0.016 38.3 1.79%
180882 1.381 394 15.85%
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For the Copper King showing, a brief description of this zone copied from MINFILE is as follows: “The area is underlain by felsic to basic volcanic rocks of the Jurassic Hazelton Group. Copper minerals, likely chalcocite and bornite, occur in the volcanics. ” Grab sampling by Company has returned the following assays from the area of the reported showing:

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Sample
Number Gold g/t Silver g/t Copper %
180893 0.061 22.3 1.14%
180894 0.142 <0.5 0.11
180895 0.08 3.2 0.21
180896 0.151 <0.5 0.31
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The Nobody Knows 2 showing is a random grab of a float rock in an area of abundant mineralized boulders. It appears to be a sample in an area of sub-outcrop. The one sample from this area yielded the following result:

Sample Number Goldg/t Silverg/t Copper %	Sample Number Goldg/t Silverg/t Copper %	Sample Number Goldg/t Silverg/t Copper %	Sample Number Goldg/t Silverg/t Copper %
AW-240	0.183	220	41.40%

The 13.5 Km showing is in a recent logging road cut consisting of a 4-5 m wide shear with chalcopyrite and abundant malachite. Grab sampling yielded the following results:

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Sample
Number Gold g/t Silver g/t Copper %
TM-9 0.935 28.2 2.09%
TM-10 0.006 <0.5 0.01%
TM-11 0.022 3.1 0.45%
TM-12 0.561 17.6 1.67%
TM-13 0.876 33.5 3.33%
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Assays have been completed by MSA Labs in Langley BC.

Ed. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration programs on behalf of the Company and is responsible for the contents of this release. E. Kruchkowski is not independent of Decade as he is the president of the Company.

Decade Resources Ltd. is a Canadian based mineral exploration company actively seeking opportunities in the resource sector. Decade holds numerous properties at various stages of development and exploration from basic grass roots to advanced ones. Its properties and projects are all located in the “Golden Triangle” area of northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website at www.decaderesources.ca. For investor information please call 250-636-2264 or Gary Assaly at 604-377-7969.

ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.

“Ed Kruchkowski” Ed Kruchkowski, President

“Neither the 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.” “This news release may contain forward–looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.”