Announced today that the Toronto Stock Exchange has approved its notice of intention to make a normal course issuer bid for a portion of its common shares. The NCIB will be made in accordance with the requirements of the TSX. Mandalay may begin to purchase Common Shares on or about February 27, 2024. Pursuant to Mandalay's prior NCIB dated January 18, 2023 to January 17, 2024, wherein Mandalay was permitted to acquire up to 4,622,835 Common Shares, Mandalay purchased 166,600 Common Shares affected through the facilities of TSX and alternative Canadian trading systems at the weighted average price per security of $2.37. Mandalay Resources Corporation shares T.MND are trading up $0.01 at $1.49.