KARNALYTE RESOURCES ANNOUNCES CORPORATE UPDATE, SETTLEMENT OF LAWSUIT, AND ELECTION OF HIGHLY QUALIFIED NEW DIRECTOR

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

SASKATOON, SK, July 4, 2023 /CNW/ - Karnalyte Resources Inc. ("Karnalyte" or the "Company") (TSX: KRN), is pleased to provide a corporate update, as well as announce the election of a highly qualified new director to the board and the settlement of a lawsuit.