Mabel Ventures Inc — Capital/Financing Update 2023

Jul 18, 2023

MABEL VENTURES INC. Suite 3123, 595 Burrard Street Vancouver, British Columbia V7X 1J1

MABEL VENTURES ANNOUNCES GRANT OF STOCK OPTIONS

July 17, 2023 – Vancouver, British Columbia – Mabel Ventures Inc. ( formerly, Aardvark Ventures Inc.) (the “ Company ”) is pleased to announce that it has granted incentive stock options to certain directors, officers, and consultants of the Company to acquire an aggregate of 2,050,000 common shares in the capital of the Company at an exercise price of $0.05 (the “ Options ”). All Options are fully vested as at the date of grant and exercisable for a 10-year term expiring July 17, 2033.

ON BEHALF OF THE BOARD

Mabel Ventures Inc.

Alicia Krywaniuk, Chief Financial Officer and Corporate Secretary

This news release may contain certain “Forward-Looking Statements” within the meaning of applicable securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.