Not for distribution to the United States

TORONTO, Ontario – TheNewswire - February 17, 2025 – AFR NuVenture Resources Inc. (“AFR” or the “Company”) (TSXV: AFR), announces that the option agreement for the Company’s Silver Bell – St Lawrence Property located in Montana USA has been terminated by mutual agreement and the Bureau of Land Management claims have been allowed to lapse.

The Company intends to focus its efforts on this summer’s exploration plans on its Mary Ann’s Lake Copper/Silver project in Cape Breton, Nova Scotia and its newly announced option to acquire the Massey Nickel/Copper project near Timmins Ontario.

On behalf of the Board of Directors,

For more information on the Company, investors should review the Company's filings on SEDAR+ at www.sedarplus.ca and our website at www.afrnuventure.com .

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

This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding an outlook.

Such statements include, among others, the Company’s proposed exploration plans. Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management's expectations regarding the Company’s ability to complete the proposed option agreement and its ability to raise financing. Actual results could differ materially due to a number of factors, including, without limitation, regulatory issues, and market conditions. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company's securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.