Website Disclaimer

This website (the "website" or "site") is owned and operated by Karus Mining Inc. The "website" includes all materials, text, images, and other content on the website. Where we say "we", "us", "our", the "Company", or "Karus", we mean Karus Mining Inc. and/or one or more or all of its subsidiaries, as may be applicable. By using the website, you agree to the following terms and conditions.

Karus has taken reasonable care in producing and publishing information contained on this website, and will endeavor to do so regularly. However, such information is not intended to be a comprehensive review of all matters and developments concerning the Company and the Company cannot guarantee the accuracy, currency or completeness of the information at all times. Karus strives to ensure that information posted to the website is accurate at the time of posting, but may be superseded by subsequent disclosures or become out of date.

Material on this site may still contain technical or other inaccuracies, omissions, or typographical errors, for which Karus assumes no responsibility. Karus does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site. Karus does not warrant that the website will be uninterrupted or error-free. Karus is not responsible for the operation of the internet, any hardware, software, content, or other elements provided by third parties, damages that result from downloading any content through the site, or the failure of any networks used in connection with the site.

THE WEBSITE IS PROVIDED "AS IS" AND "AS AVAILABLE," WITHOUT WARRANTIES OF ANY KIND. KARUS DISCLAIMS ALL OTHER WARRANTIES, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE, INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, OR NON-INTERFERENCE. NO WARRANTY IS MADE BY KARUS ON THE BASIS OF TRADE USAGE, COURSE OF DEALING OR COURSE OF PERFORMANCE.

UNDER NO CIRCUMSTANCES, INCLUDING, BUT NOT LIMITED TO, NEGLIGENCE, SHALL KARUS BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, OR OTHER DAMAGES, INCLUDING BUT NOT LIMITED TO, LOSS OF PROGRAMS, LOSS OF DATA, LOSS OF USE OF COMPUTER OF OTHER SYSTEMS, OR LOSS OF PROFITS, WHETHER OR NOT ADVISED OF THE POSSIBILITY OF DAMAGE, ARISING FROM YOUR USE, OR INABILITY TO USE, THE SITE. THE ABOVE LIMITATIONS APPLY NOTWITHSTANDING THE FAILURE OF ANY OTHER REMEDY.

The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this site, except for personal use unless you have obtained our express permission.

You agree that disputes arising out of or relating to the contents or use of the website are to be governed by the laws of the Province of British Columbia and any applicable federal law of Canada, and you consent to the exclusive jurisdiction of courts sitting in the Province of British Columbia in all disputes arising out of or relating to the contents or use of the website.

Karus owns and retains all rights, title, and interest in and to the site, including all modifications and/or enhancements, and all related intellectual property rights. These rights are protected by Canadian and international intellectual property laws. All rights not expressly granted in this Agreement are reserved by Karus.

Certain materials (including graphics, icons, HTML, javascripts, color schemes, multimedia, logos, photographs, copywriting, et al) that appear on this website are the property of Karus and copyrighted by same.

Other materials on this website not originally produced by Karus are copyrighted by their respective creators/owners and appear on this website either by permission, example or as public domain reference material. Trademarks may be registered in Canada and in other countries, as applicable. The display of trademarks on pages on this website does not imply that a license of any kind has been granted. Materials may not be copied, reproduced, modified, uploaded, posted, transmitted, or distributed in any way without our prior written approval. Any unauthorized downloading, re-transmission or other copying or modification of trademarks and/or the contents herein may be a violation of federal or common law, trademark and/or copyright laws and could subject the copier to legal action.

Any material, information, or other communication (including questions, comments or suggestions) you transmit to Karus through this website will be considered non-confidential and non-proprietary ("Communications"). In making any such transmission, you agree that Karus will have no obligations of any kind with respect to the Communications. Where it is necessary, in order to answer your enquiry, the Communications you have provided may be passed to any Karus office or affiliate. By sending any Communications to us, you are consenting to the personal information contained therein being transferred within the Company and being processed by the Company for these purposes. You are prohibited from posting or transmitting to or from Karus any unlawful, threatening, libelous, defamatory, or obscene Communications.

Due to technical difficulties inherent on the Internet, Internet software or transmission problems could produce inaccurate or incomplete copies of information, contained on this website. Computer viruses or other destructive programs may also be inadvertently downloaded from the website. Karus shall not be liable for Internet software, computer viruses or destructive programs and recommends that you install appropriate anti-virus or other protective software.

This website contains forward-looking information within the meaning of Canadian securities legislation (the, "forward-looking information"). Forward-looking information may include words such as "plans", "intends", "anticipates", "should", "estimates", "expects", "believes", "indicates", "targeting", "suggests" and similar expressions. Except for historical fact relating to the Company, forward-looking information contained herein includes, but is not limited to, information with respect to: future business operations; the Company's plans with respect to its mineral properties and projects; the timing for mining studies and technical reports; the Company's expectations in connection with exploration programs and any future development plans; future market conditions; the future price of gold; financial condition; the future estimation of mineral resources and/or mineral reserves; capital and operating expenditures; expectations with respect to acquisitions or dispositions; currency fluctuations; requirements for additional capital; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; title disputes or claims; outcome of claims and litigation; and limitations on insurance coverage and claims.

Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Although the Company believes that the assumptions and expectations reflected in such forward-looking information are reasonable, the forward-looking information contained herein is inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include, without limitation, the impact of economic and political conditions; global liquidity and credit availability; fluctuating gold prices, applicable currency exchange rates; interest rates; changes in accounting policies; changes in mineral exploration plans; risks related to acquisitions and/or dispositions including successful integration; changes in project parametres as plans continue to be refined; the possibility of project cost overruns or unanticipated costs and expenses; potential impairment charges; higher prices for fuel, power, labour and other consumables contributing to higher costs and general risks of the mining industry, including but not limited to, failure of equipment or processes to operate as anticipated; unexpected changes in mine life; unanticipated results of future studies; seasonality and unanticipated weather changes; costs and timing of exploration of new target areas; success of exploration activities; permitting timelines; environmental and government regulation; environmental risks; title disputes or claims; limitations on insurance coverage; timing and possible outcome of pending and/or outstanding litigation; vulnerability of information systems; risks associated with infectious diseases; risks related to the continuance or escalation of international military conflicts, including the conflict between Ukraine and Russia, the U.S. government intervention in Venezuela, the United States and Israeli strikes on Iran, and other conflicts in the Middle East; risks associated with financial projections; force majeure events; the Company's plans with respect to the payment of dividends; transactions that may result in dilution to the Company's common shares; future sales of common shares by existing shareholders; the Company's dependence on key management personnel and executives; changes to the Company's director and executive compensation program; possible conflicts of interest of directors and officers of the Company; the reliability of the Company's disclosure and internal controls; compliance with international ESG disclosure standards and best practices; as well as other risk factors discussed or referred to in the Company's public disclosure filed with the securities regulatory authorities in Canada and available under the Company's profile on SEDAR+ at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates, assumptions or opinions should change, except as required by applicable law. The reader is cautioned not to place undue reliance on forward-looking statements. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company's business, expected financial and operational performance and results as at and for the periods presented in the Company's plans and objectives and may not be appropriate for other purposes.

The scientific and technical disclosure reported on this website has been prepared in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), as required by Canadian securities regulatory authorities, and is based on and/or derived from the Company's current technical report(s). Information included on this website with respect to any mineral project on a property material to the Company is subject to all of the assumptions, qualifications and procedures set out in the applicable technical report, including information concerning associated QA/QC and data verification matters, known legal, political, environmental, and other risks that could materially affect Karus' business and mineral properties. Reference should read the full text of such applicable technical reports, which are available under Karus' profile on SEDAR+ at www.sedarplus.ca. Readers should also refer to the latest continuous disclosure documents publicly available under the Company's profile on SEDAR+ at www.sedarplus.ca for more detailed information regarding the scientific and technical information contained on this website.

Unless otherwise stated, all scientific and technical information included on this website has been reviewed and approved by Steven R. McMullan, B.Sc.(Hons), P. Geo., as independent qualified person for Karus within the meaning of NI 43-101. Mr. McMullan is not independent of Karus within the meaning of NI 43-101. No limitations were placed on Mr. McMullan's verification process.

Karus may provide links from this website from time to time, or in documents posted on this website, to other third-party websites, which are for your convenience only. The viewer should be aware that in linking to these outside websites, they are leaving the Karus website and that Karus does not monitor or endorse these websites and, accordingly, Karus is not responsible for the content of any other site and assumes no liability for the content of any other site.

No information included on this website shall be deemed to be incorporated by reference into any of Karus' regulatory filings, unless expressly indicated in any such filings. In addition, no information shall be incorporated by reference onto this website, unless otherwise specified.

The reader agrees to hold Karus, its subsidiaries and their directors, officers, employees and agents harmless against claims for damages or costs or loss of any kind arising from access to or use of this website or any information contained in or obtained through this website.

All quotes are delayed at least 15 minutes unless otherwise stated. All stock quotes and historical stock price data are provided by third party service providers and are provided for informational purposes only, and are not intended for trading purposes. If you are contemplating trading in the securities of Karus, we strongly advise you to seek independent professional advice before making any investment decision. Karus makes no representation or warranty regarding the accuracy or completeness of any such stock price quotes or historical stock price data and has not taken any steps to verify the adequacy, accuracy or completeness of the information provided herein. Under no circumstances will Karus be liable for any inaccuracies or omissions in any such stock information or data, any delays or errors in the transmission thereof, or any loss or direct, indirect, incidental, special or consequential damages caused by reliance on this information or the risks arising from the stock market.

This website is not intended as a solicitation or offering of securities in any jurisdiction and the information contained herein in no way should be construed or interpreted as such. No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by Karus to that effect. The information on this website is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to Karus and should not be used for the purpose of making investment decisions concerning Karus' securities.

Your use of this website shall be governed by the laws of the Province of British Columbia and any applicable federal laws of Canada. The courts of the Province of British Columbia shall have exclusive jurisdiction over any dispute arising out of your use of this website.