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CorporateMarch 4, 2025

Karus Announces Changes to Board

Vancouver, BC — March 4, 2025

Karus Mining Inc. is pleased to announce the appointment of Mr. Manni Buttar to its board of directors. Mr. Buttar replaces Sofia Tsakos, who has resigned as a director.

On behalf of the Board and the Company's management team, we wish to thank Ms. Tsakos for her contributions to the Company and wish her all the best in her future endeavors.

Alex Gostevskikh, CEO

Mr. Buttar is a Chartered Professional Accountant (CPA, CA) with a Master's in Accounting and Finance from the University of Waterloo, Ontario. He currently works at SCP Resource Finance LP as Vice-President, Business Development, primarily focused on building and developing SCP's Structured Flow-Through Share Program.

About Karus Mining

Karus is the 100% owner of the ~995 km² South Cariboo Gold District, which includes the drill-stage FG Gold and Gold Creek projects in British Columbia, and also controls the Mineral Creek gold exploration project, centred approximately 10 kilometres from Port Alberni on Vancouver Island. Karus is the result of the merger of Karus and Theia Gold Corp — Theia having been founded by a number of mining and finance professionals, and Karus having been originally financed by Yamana Gold, whose former executives founded Theia and were instrumental in the merger.

For more information, contact Investor Relations at info@karusmining.ca.

Forward-looking statements. This release contains forward-looking information within the meaning of applicable Canadian securities laws. Actual results may differ materially. Readers should not place undue reliance on forward-looking statements, which speak only as of the date of the release.

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