Corsurex Announces Debt Settlements

Vancouver, British Columbia / May 8, 2020 - Corsurex Resource Corp. (CSE: CRC) (the “Company”) announces that it issued an aggregate of 8,000,000 common shares (the “Shares”) of the Company, having a deemed value of $0.05 per Share, pursuant to past consulting and other services provided to the Company for the total amount of $400,000 (the “Debt Settlement”).

Adrian Hobkirk, CEO and a director of the Company received 2,000,000 Shares, Christopher P. Cherry, CFO and a director of the Company received 2,000,000 Shares, Allen V. Ambrose, a director of the Company received 1,000,000 Shares and Jan Urata, corporate secretary of the Company received 500,000 Shares pursuant to the Debt Settlement transaction. As a result, the Debt Settlement transaction is a related party transaction (as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company relied upon section 5.5(b) the “Issuer Not Listed on Specified Markets” and 5.7(a) the “Fair Market Value Not More than $2,500,000” and exemptions from the formal valuation and minority shareholder approval requirements, respectively, under MI 61-101.

All securities issued are subject to a statutory four month hold period.

ON BEHALF OF THE BOARD OF DIRECTORS

Adrian Hobkirk, President, CEO and Director E: [email protected]

The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

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