ASTRA EXPLORATION APPOINTS NIKKI MCEACHNIE AS HEAD OF INVESTOR RELATIONS, MARKETING AND BUSINESS DEVELOPMENT

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VANCOUVER, BC, June 1, 2022 /PRNewswire/ – Astra Exploration Inc. (TSXV: ASTR) (“Astra” or the “Company”) is pleased to announce that Nikki McEachnie was named director of investor relations, marketing and business development.

Astra Exploration Logo (CNW Group/Astra Exploration Limited)

Ms. McEachnie brings 7 years of marketing and investor relations experience to the company, particularly in the mining sector. Most recently, she served as Director of Investor Relations and Director of Corporate Communications for Talisker Resources.

Brian MillerCEO of Astra Exploration, said:

“The appointment of Ms. McEachnie is another example of Astra’s commitment to building a cutting-edge team of accomplished professionals with a proven history of value creation. Astra’s reach in the institutional investor space and Retail will be greatly expanded through Nikki’s network and reputation.For quality work and organized execution, which is exactly what we are looking for at Astra.This is a very exciting development for the business.

Allocation of stock options and compensation:

In connection with the appointment of Ms. McEachnie and pursuant to its stock option plan, the Company has granted a total of 150,000 stock options (“Options”) exercisable at a price of $0.25 each for a period of 5 years from the date of grant. The Options will vest according to the following schedule: 1/3 to 3 months, 1/3 to 18 months and 1/3 to 36 months. Options are subject to the policies and regulations of the TSX Venture Exchange (“TSXV”).

Ms McEachnie will provide advisory services through her firm 504 Capital Ltd for a 12 month term, after which the parties may choose to renew. Neither Ms McEachnie nor 504 Capital Ltd currently hold any stake in Astra, directly or indirectly. In compensation, Astra will pay $5,000 upon signature and a monthly fee of $10,000.

Participation in the PDAC 2022:

Astra will participate in the Prospectors & Developers Association of Canada (PDAC) In-person convention held at Toronto, Canada of June 13e-15e. Visit us at Investors Exchange at stand 3316.

About the company

Astra Exploration Inc. is an exploration company based in Vancouver, BC. Astra is engaged in the acquisition, exploration and development of epithermal gold-silver properties in Chile and built a portfolio of quality projects. Astra’s current focus is the development of the Pampa Paciencia project.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this press release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “expect”, “may”, “program” and similar words or phrases identify forward-looking statements or information. These forward-looking statements or information may relate to the business activities of the Company; exploration on the Company’s properties; and marketing initiatives. Such statements represent the Company’s current views regarding future events and are necessarily based on a number of assumptions and estimates which, while considered reasonable by the Company, are inherently subject to risks, contingencies and uncertainties. important commercial, economic, competitive, political and social. Many factors, known and unknown, could cause results, performance or achievements to differ materially from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. ion: development of the industry in which the Company operates; risks associated with conducting the Company’s business activities; risks related to dependence on the Company’s management team and external contractors; currency fluctuations; risks related to the inability to generate sufficient operating cash flow; laws and regulations governing the industry in which the Company operates; the ability of the communities in which the Company operates to manage and deal with the implications of COVID-19; the economic and financial implications of COVID-19 for the Company; operational or technical difficulties; employee relations, social unrest or unavailability; stock market volatility; conflicts of interest between certain directors and officers; lack of liquidity for the shareholders of the Company; litigation risk; and other risk factors disclosed in the Company’s public disclosure documents available on the Company’s profile at www.sedar.com. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, other factors may cause results not to be anticipated, estimated or predicted. The Company does not intend, and undertakes no obligation, to update such forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other event affecting such statements and information other than those required by laws, rules and regulations.

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SOURCEAstra Exploration Limited

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