WMK:CC - Whitemud Resources Inc. News Release

(TheNewswire)

Calgary, AB - TheNewswire - December 23, 2022 - Whitemud Resources Inc. (“Whitemud” or the “Company”)(TSXV:WMK) announces that Kasten Energy Inc. (“Kasten”) has calledfor repayment, by December 30, 2022, of a loan in the amount of$1,139,561. Whitemud is reviewing its legal obligations with respectto the loan.

About Whitemud Resources Inc.

Whitemud is a Canadian-based corporation holdingmineral rights to exploit a large kaolin deposit in southernSaskatchewan, together with a processing facility located on theproperty. Whitemud’s product, Whitemud (MK) is a cement-grademetakaolin that enhances the performance of cement for oil and gaswells and construction applications. The Company uses a process thatminimizes environmental impact.

Midstream Energy Partners, a division of WhitemudResources Inc. formed in 2015, engages in the business of commoditymarketing and logistics.

For further information, pleasecontact:

Whitemud Resources Inc.

General Inquiries

Suite 900, 332 - 6 th AvenueSW

Calgary, Alberta T2P 0B2

Attention: David Koplovich: koplovid@telus.net

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