Tribeca Resources Corporation Provides Insiders Equity Interest Update

NOVEMBER 4, 2022 | VANCOUVER, BC

TRIBECA RESOURCES CORPORATION PROVIDES INSIDERS EQUITY INTEREST UPDATE

Tribeca Resources Corporation (TSXV: TRBC) (“Tribeca Resources”, the “Company”), formerly Hansa Resources Limited, announces that, in connection with closing of the Company’s reverse takeover transaction (the “Transaction”) announced October 26, 2022, certain shareholders of the Company have acquired ownership, control and direction over an aggregate of 28,594,602 common shares in the capital of the Company (each, a “Share”) at a deemed price per Share of $0.25, requiring disclosure pursuant to the early warning requirements of applicable securities laws (the "Acquisition").

Dr. Paul Gow

Immediately prior to completion of the Acquisition, Dr. Paul Gow, Chief Executive Officer and a director of the Company, owned, exercised control or direction over an aggregate of nil Shares representing nil% of the outstanding Shares on a non-diluted basis. Upon completion of the Acquisition, Dr. Gow now owns or exercises control over 10,577,301 Shares, representing approximately 20.39% of the issued and outstanding Shares on a non-diluted basis.

Thomas Schmidt

Immediately prior to completion of the Acquisition, Thomas Schmidt, President and a director of the Company, owned, exercised control or direction over an aggregate of nil Shares representing nil% of the outstanding Shares on a non-diluted basis. Upon completion of the Acquisition, Mr. Schmidt now owns or exercises control over 10,577,301 Shares, representing approximately 20.39% of the issued and outstanding Shares on a non-diluted basis.

Bjorkbacken Investment Limited

Immediately prior to completion of the Acquisition, Bjorkbacken Investment Limited (“Bjorkbacken”) owned, exercised control or direction over an aggregate of nil Shares representing nil % of the outstanding Shares on a non-diluted basis. Upon completion of the Acquisition, Bjorkbacken now owns or exercises control over 7,440,000 Shares, representing approximately 14.34% of the issued and outstanding Shares on a non-diluted basis. Bjorkbacken is controlled by Bjorn Saven.

This news release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues,  which also requires an early warning report to be filed with the applicable securities regulators containing additional information with respect to the foregoing matters. A copy of the early warning reports will be filed by the shareholders in accordance with applicable securities laws and will be available on the Company's issuer profile on SEDAR at www.sedar.com.

About Tribeca Resources:

Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.

Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.

On behalf of Tribeca Resources Corporation

Cautionary Note

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.