Kiplin Metals to Seek Shareholder Approval for Consolidation

KIPLIN METALS INC.

Suite 2200, 885 West Georgia Street Vancouver, British Columbia V6C 3E8

NEWS RELEASE

KIPLIN METALS TO SEEK SHAREHOLDER APPROVAL FOR CONSOLIDATION

August 6, 2020 – Vancouver, British Columbia – Kiplin Metals Inc. (the “Company”) (TSXV: KIP) announces that it intends to convene an annual general and special meeting (the “Meeting”) of the shareholders of the Company at 11:00 a.m. (Pacific Time) on October 9, 2020. At the Meeting, shareholders are expected to vote to re-elect the current board of directors, re-appoint Manning Elliott LLP, Chartered Professional Accountants, as the auditor of the Company for the ensuing year, re-approve the Company’s 10% rolling stock option plan, and approve a consolidation (the “Consolidation”) of the outstanding share capital of the Company on up to a one-for-five basis.

The board of directors of the Company has not yet resolved to proceed with a Consolidation and will decide whether to proceed following the Meeting. Completion of any Consolidation remains subject to the review and approval of the TSX Venture Exchange.

Further information concerning the Meeting, and the Consolidation, will be made available in the management information circular being prepared by the Company. A copy of the circular will be mailed to shareholders and will also be available under the Company’s profile on SEDAR (www.sedar.com).

For further information, contact the Company at 604.622.1199.

On behalf of the Board,

Kiplin Metals Inc.

Peter Born, Director

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

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.