Smartset Recieves Approval to Resume Trading

Vancouver, BC – TheNewswire – March 16, 2023 – Smartset Services Inc. (TSXV:SMAR.P) (the “Company”) Further to its news releases of February 6, 2023 announcing termination of its proposed acquisition of the Mt. Morgan mine from GBM Resources Ltd., the Company announces that it has, effective today’s date also terminated the previously proposed acquisition of all of the outstanding securities of Great Southern Gold Corp., which was to form a second half of the Company’s proposed Qualifying Transaction previously announced June 13, 2021, July 17, 2021 and April 19, 2022 (the “QT”).  Following this final termination of the QT, it is anticipated that the common shares of the Company will be reinstated for trading effective at the market opening on Tuesday March 21, 2023.

For further information, please contact:

Randy Clifford, CEO, CFO and Corporate Secretary

Telephone: (778) 362-3037

Email: [email protected]

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

This press release contains statements that constitute “forward-looking information” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation, all statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.  Forward-looking statements contained in this press release include, without limitation, statements regarding: resumption of trading. In making the forward- looking statements contained in this press release, the Company has made certain assumptions, including that trading in the shares of the Company will resume as anticipated. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: delay or failure to receive board, shareholder or regulatory approvals and general business, economic, competitive, political and social uncertainties and economic risks associated with current unprecedented market and economic circumstances due to the COVID-19 pandemic. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

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