Gladiator Metals Corp. (TSXV: GLAD) (OTC Pink: GDTRF) (FSE: ZX7) ('Gladiator' or the 'Company'), a mineral exploration company focused on the advancement of multiple high-grade copper prospects in Canada's Whitehorse Copper Belt is pleased to announce further results from the high-grade Cowley Park prospect at the Whitehorse Copper Project.

Gladiator has received assays results from an additional two holes drilled at the Cowley Park Prospect ('Cowley Park') comprising part of the approximately 10,000m of historic drill core which has never been systematically logged or assayed. Results include:

Gladiator has received assays results from an additional two holes drilled at the Cowley Park Prospect ('Cowley Park') comprising part of the approximately 10,000m of historic drill core which has never been systematically logged or assayed. Results include:

19-CP-01: 32.92m @ 2.08% Cu from 73.76m (including: 8.11m @ 5.35% Cu from 80.16m) plus 34.75m @ 0.94% Cu from 117.65m

19-CP-10: 19.08m @ 1.45% Cu from 108.94m within 81.26m @ 0.55% Cu from 108.94m

19-CP-05: 27m @ 0.68% Cu and 0.23% Mo from 97m

These results are from two holes drilled and unassayed by prior owners of the project and are between historic drill intercepts, further defining the continuity of high-grade copper skarn mineralization at Cowley Park.

Gladiator's current 3,000 meter diamond drilling program at Cowley Park that was designed to test high-grade copper skarn mineralization is expected to be completed by the end of May. The Company is advanced in its planning to complete a further 2,000 m of diamond drilling based on initial observations from diamond core drilled to date. This program is aimed at testing strike and depth extensions to mineralization providing Gladiator with a better understanding of the identified parts of the mineralized system where limited or no assaying was undertaken within the historical drilling.

Gladiator CEO, Jason Bontempo commented: 'Results from the ongoing logging and sampling of approximately 10,000m's of unassayed core from exploration drilling completed in recent years has identified further, previously unreported high-grade mineralisation. The results from Gladiators sampling continues to define the continuity and scale of high- grade copper mineralisation at Cowley Park as well as providing further definition to the potentially significant coincident Molybdenum mineralisation.

We look forward to updating the market in the coming months with results from our data compilation of historic drilling, further assays from previously unlogged and unsampled core as well as initial results from Gladiators ongoing maiden drill campaign at Cowley Park.'

Cowley Park - First Time Assaying of Historic Drill Core

As noted above, Gladiator is currently logging and assaying approximately 10,000 metres of backlogged uncut core for the first time from exploration drilling campaigns completed in recent years. Gladiator has received assays results for an additional two holes drilled at the Cowley Park Prospect with results including

19-CP-01: 32.92m @ 2.08% Cu from 73.76m (including: 8.11m @ 5.35% Cu from 80.16m) plus 34.75m @ 0.94% Cu from 117.65m.

19-CP-05: 27m @ 0.68% Cu and 0.23% Mo from 97m.

19-CP-10: 19.08m @ 1.45% Cu from 108.94m within 81.26m @ 0.55% Cu from 108.94m.

The recently returned assay results from holes 18-CP-01, 19-CP-05 and 19-CP-10 from the logging and assaying program continue to support Gladiators interpretation that mineralization at Cowley Park consists of multiple bodies, dipping shallowly to the southwest. Mineralization remains open at depth with the deepest intervals drilled to date, including 13.84m @ 1.26% Cu from 130.64m (18-CP-03) remaining open at depth. These results are in addition to the results announced on April 27th 2023 which included:

18-CP-04: 12.5m @ 8.02% Cu and 13g/t Ag from 85.04m

19-CP-03: 8.84m @ 1.59% Cu, 0.19% Mo and 14g/t Ag from 117.65m

The core was drilled by multiple project operators, including the project vendors H.Coyne & Sons with the most recent programs completed in 2020. A large proportion of this drilling is from the high-grade Cowley Park project area but core is available for multiple project areas within the 35km of prospective strike extent at the Whitehorse Copper Project. The Company will continue to announce relevant drill intercepts based on logical grouping.

High-grade copper skarn mineralization has now been traced over more than 700m strike with the most southeasterly hole, 19-CP-08 intersecting 43.28m @ 2.24% Cu from 93.27m and the most northwesterly hole, CP-053 intersecting 27.7m @ 2.74% Cu from 33.98m.

ABOUT GLADIATOR METALS CORP.

Gladiator Metals Corp. is a mineral exploration company focused on the advancement of multiple high- grade copper prospects at its Whitehorse Copper Project (the 'Project'), an advanced-stage copper (Cu) +/- molybdenum (Mo) +/- silver (Ag) +/- gold (Au) skarn exploration project in the Yukon Territory, Canada. The Project comprises 314 contiguous claims covering approximately 5,380 Hectares (13,294 acres) in the Whitehorse Mining District.

Copper mineralization was first discovered in 1897 on the Whitehorse Copper Belt, as it came to be known. The Whitehorse Copper Belt comprised over 30 copper-related, primarily skarn occurrences covering an area of 35 by 5 km in a northwesterly trending arc. Exploration and mining development have been carried out intermittently since that time with the main production era lasting between 1967 and 1982 where production totaled 267,500,000 pounds copper, 225,000 ounces of gold and 2,838,000 ounces of silver from 11.1 million tons of mineralized skarn ore were milled (Watson, 1984).

The Project is accessible through numerous access roads and trails located within 2 km of the South Klondike Highway and the Alaska Highway. An extensive network of historical gravel exploration and haul roads exists throughout the project area, providing excellent access to the majority of the claim package. Access to existing electric power facilities is available through the main Yukon power grid.

In November 2022, Gladiator executed an option agreement to acquire 100% of the Whitehorse Copper Project by incurring exploration expenditure of $12m on the project, staged payment of $300,000 in cash and the staged issue of 15m shares over 6 years. Following the exercise of the Option, the Company must pay the Optionor, or such other person(s) as the Optionor may direct from time to time, a 1.0% net smelter returns royalty on the Whitehorse Copper Project.

Contact:

Tel: +1-604-653-9464

Email: dzinger@gladiatormetals.com

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act') or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Certain of the statements and information in this news release constitute 'forward-looking statements' or 'forward-looking information'. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as 'expects', 'anticipates', 'believes', 'plans', 'estimates', 'intends', 'targets', 'goals', 'forecasts', 'objectives', 'potential' or variations thereof or stating that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved, or the negative of any of these terms and similar expressions) that are not statements of historical fact may be forward-looking statements or information.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company's properties; the effect of changes in commodity prices; regulatory risks that development of the Company's material properties will not be acceptable for social, environmental or other reasons; availability of equipment (including drills) and personnel to carry out work programs and that each stage of work will be completed within expected time frames. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.

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