HUNTSMAN EXPLORATION INC - BBBMF STOCK NEWS

Huntsman Exploration Inc. announces a share consolidation, effective March 10, 2023, on a 10-for-1 basis. Currently, there are 157,247,604 common shares outstanding, which will reduce to approximately 15,724,760 post-consolidation. Fractional shares will be rounded down, and no fractional shares will be issued. This consolidation, approved by the Board of Directors on February 27, 2023, aims to streamline the capital structure. Huntsman focuses on mineral exploration with projects in Western Australia and Nevada.

Huntsman Exploration Inc. (TSXV:HMAN; OTC PINK:BBBMF) has signed an Option Agreement to divest lithium and pegmatite-related metal rights at its Canegrass Nickel Project to Corcel Plc. Corcel will pay a non-refundable deposit of £20,000 for a 30-day exclusive option to acquire these rights. If exercised, Corcel will issue 50,000,000 new ordinary shares at a deemed price of 0.4p, totaling £200,000. Huntsman continues to focus on the exploration of its Nickel and Gold projects in Western Australia and Nevada, respectively. This move aligns with the company's strategy to optimize asset management.

Huntsman Exploration Inc. (OTC PINK: BBBMF) reports on exploration activities at the Canegrass Project in Western Australia, highlighting potential for Lithium-Caesium-Tantalum (LCT) pegmatites. Following successful findings by Aldoro Resources at their nearby Wyemandoo Project, Huntsman plans ground truthing and geochemical sampling starting January 2023 to confirm these targets. The company has also successfully reapplied for surrendered exploration blocks previously lost under the Western Australian Mining Act.

Huntsman Exploration Inc. (US:BBBMF) announced significant drilling results from its Canegrass Nickel Project in Western Australia. The project has completed 7 drill holes, with promising results from the Tulloch Prospect, including a notable intercept of 26.55m at 1.4% Ni. All holes are now cased for downhole electromagnetic (DHEM) studies, critical for identifying mineralization targets at depth. The company plans to advance to Phase two, focusing on DHEM completion and further drilling of identified anomalies.

Huntsman Exploration Inc. announced progress on its Canegrass Nickel Project in Western Australia. The company completed a 1,500 m RC drilling program with encouraging visual results, pending assays expected soon. Significant drill targets include Bonecrusher and Saintly, which showed promising mineralization. A 3,500 m diamond drilling program also revealed continuous nickel mineralization at depths of 120 m to 270 m. However, the company faces a 9-12 week turnaround time for assay results due to market conditions. CEO Scott Patrizi expressed optimism about upcoming updates.

Huntsman Exploration Inc. has initiated a 5,000m drilling program at its wholly-owned Canegrass Nickel Project in Western Australia, employing both Reverse Circulation and Diamond Drill techniques. The drilling will focus on three key prospects: Tulloch, Sunline, and additional targets such as Tobin Bronze, Bonecrusher, and Saintly. Previous drilling campaigns from 2018-2020 yielded significant nickel mineralization, and the current strategy seeks to expand on these findings. President Scott Patrizi emphasized this as a pivotal opportunity for the company to unlock the project's potential.

Huntsman Exploration Inc. (OTC PINK: BBBMF) has entered an agreement to acquire PieCo Metals Pty Ltd through its subsidiary, Bluebird Battery Metals Australia Pty Ltd. This exclusive option allows Bluebird to acquire all shares of PieCo, which holds projects in the Julimar province of Western Australia, an area noted for significant PGE-Ni-Cu mineralization. Huntsman will pay a non-refundable option fee of AUD $30,000 and issue up to 39 million common shares to the Vendors over three periods. The acquisition is pending due diligence and TSX Venture Exchange approval.

Huntsman Exploration has unveiled its 2022 exploration strategy, focusing on its fully owned Canegrass Nickel project in Western Australia. The project aims to delineate a new nickel province, with a significant 5,000m drill program commencing in February 2022. Previous drilling has shown promising results, including high-grade nickel and copper intersections. Huntsman is leveraging advanced exploration techniques and plans to expand its knowledge, supported by experienced consultants Newexco.

Huntsman Exploration Inc. (OTC PINK: BBBMF) has completed a private placement, issuing 31,027,529 shares at a price of $0.07 per share, generating $2,171,927 in gross proceeds. A total of $114,092.81 was paid in finder's fees. Insiders acquired 882,857 shares, classified as a related party transaction. The funds will support exploration at the Canegrass property, cover acquisition costs for the Baxter Spring property, and provide general working capital. Additionally, the Company surrendered 40% of its tenement tenure due to regulatory requirements but deemed it non-impactful for ongoing operations.