Golden Pursuit Announces Financing

GOLDEN PURSUIT RESOURCES LTD.

652 Millbank Vancouver, B.C. V5Z 4B7

NEWS RELEASE

GOLDEN PURSUIT ANNOUNCES FINANCING

December 7, 2020 Symbol: GDP

Vancouver, B.C., Canada, December 7, 2020 – Golden Pursuit Resources Ltd.(the “Company”) announces that it intends to complete a non-brokered private placement financing for up to 3,425,000 units (the “Units”) at a price of $0.20 per Unit to raise gross proceeds of up to $685,000 (the “Private Placement”). Each Unit will consist of one common share and one (1) common share purchase warrant. Each whole warrant will entitle the holder to acquire an additional common share exercisable at $0.30 per share for a period of 24 months from the date of closing of the Private Placement.

The Company shall pay finders fees comprised of a combination of cash and warrants.

Proceeds of the Private Placement will be used for project generative activities, and general working capital.

All securities issued will be subject to a four month hold period which will expire on the date that is four months and one day from the date of issue.

The foregoing is subject to the approval of the TSX Venture Exchange.

GOLDEN PURSUIT RESOURCES LTD.

Per: “Brian McClay”

Brian McClay, President

CONTACT INFORMATION:

Brian McClay Email: [email protected] Tel: (604) 730-6982

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