Toronto, Ontario, February 13, 2023 – Ubique Minerals Limited (“Ubique” or the “Company”) (CSE:UBQ) announces updates on its Namib Lead and Zinc Mining Proprietary Ltd. project (the “NLZM Project”). The Company has signed Non-Disclosure Agreements (“NDAs”) with 6 potential strategic partners towards securing offtake contracts for the production output from the NLZM Project. Terms of reference under discussion include financing of up to US$10 million in a combination of pre-payments, drawdown credit facility, and equity or other instruments to be primarily used towards the restart of production at the NLZM Project and related plant / production optimization and efficiency improvements.

The Company also announces a non-brokered private placement of up to 10,000,000 Units of the Company at a price of $0.15 per Unit for gross proceeds of up to $1,500,000 (the “Offering”) under the Listed Issuer Financing Exemption (“LIFE Offering”).