Kiplin Metals Announces Closing of Private Placement

KIPLIN METALS INC.

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

NEWS RELEASE

KIPLIN METALS ANNOUNCES CLOSING OF PRIVATE PLACEMENT

April 28, 2020 – Vancouver, British Columbia – Kiplin Metals Inc. (the “Company”) (TSXV: KIP) announces that it has closed its non-brokered private placement for gross proceeds of $727,200. In connection with closing, the Company has issued 12,120,000 units (each, a “Unit”), at a price of $0.06 per Unit. Each “Unit” consists of one common share and one common share purchase warrant, each of which is exercisable to acquire an additional common share at a price of $0.085 for a period of thirty-six months.

No finders’ fees or commissions are payable in connection with closing of the placement. All securities issued in connection with the placement are subject to a four-month-and-one-day statutory hold period expiring on August 29, 2020.

For further information, contact the Company at 604.622.1199.

On behalf of the Board,

Kiplin Metals Inc.

Clive Massey, Chief Executive Officer

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.