{00316904.3} Jdf Announces Termination of Asset PUR-Chase Agreement

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JDF ANNOUNCES TERMINATION OF ASSET PUR-

CHASE AGREEMENT

Vancouver, British Columbia – May 1st, 2020 – JDF Explorations Inc. (CSE: JDF)

("JDF") announces that it has terminated its asset purchase agreement (the "APA"), and

the royalty agreement concurrently entered into pursuant to the APA (the "Royalty Agree-

ment"), concerning 32 lode mining claims comprising the East Cortez Gold project located

in Eureka County, Nevada (the "Mining Claims") with the vendor thereof (the "Vendor").

Pursuant to a termination agreement and mutual release dated effective April 30th, 2020

(the "Termination Agreement"), the parties thereto agreed to settle all claims which each

may have against the other, including relating to the APA, the Mining Claims, the Royalty

Agreement and the 2% net smelter return royalty granted pursuant thereto. As part of the

settlement, JDF has agreed to assign, convey and transfer the Mining Claims to the Ven-

dor and the Vendor has agreed to return to JDF for cancellation 150,000 common shares

of JDF.

About JDF Explorations Inc.

JDF explores and develops precious metals properties with a focus in the Western United

States.

http://jdfexplorationsinc.com/

ON BEHALF OF THE BOARD

of JDF Explorations Inc.

Gregory M. Thomas, President and CEO

This news release includes certain statements that may be deemed "forward-looking

statements". All statements in this release, other than statements of historical facts, in-

cluding the likelihood of commercial mining and possible future financings are forward-

looking statements. 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 ma-

terially from those in the forward-looking statements. Factors that could cause actual re-

sults to differ materially from those in forward-looking statements include unsuccessful

exploration results, changes in metals prices, changes in the availability of funding for

mineral exploration, unanticipated changes in key management personnel and general

economic conditions. Mining is an inherently risky business. Accordingly the actual

events may differ materially from those projected in the forward-looking statements. For

more information on the Company and the risks and challenges of its business, investors

should review the Company's annual filings which are available at www.sedar.com

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The Canadian Securities Exchange has neither approved nor disapproved of the con-

tents of this news release