Hudson Resources and Lenders Agree to Plan FOR Debt Restructuring and Capital Injection into the White Mountain Anorthosite MINE IN Greenland

FOR IMMEDIATE RELEASE TSX-V: HUD

June 11, 2020 OTC: HUDRF

NR2020-4

HUDSON RESOURCES AND LENDERS AGREE TO PLAN FOR DEBT

RESTRUCTURING AND CAPITAL INJECTION INTO THE WHITE MOUNTAIN

ANORTHOSITE MINE IN GREENLAND

Vancouver, BC – HUDSON RESOURCES INC. (“Hudson” or the “Company”) (TSX Venture Exchange

“HUD”; OTC “HUDRF”) is pleased to announce that it has reached an agreement in principle with

Cordiant Capital and Apex Asset Management AG (the "Lenders") to restructure the outstanding

debt on the White Mountain Anorthosite mine and to provide an injection of working capital into

Hudson Greenland A/S to ensure the stability of the mine going forward. The details of a definitive

agreement are currently being finalized and the terms will include the extension of the maturity

of the Company’s debt with the Lenders.

This new finance plan demonstrates the Lenders' commitment to Hudson, the Government of

Greenland and Hudson’s shareholders , who will benefit from this new agreement. Under the

terms of the plan, t he Lenders will become partners going forward which will help the Company

realize the true value of this u nique anorthosite mine and its many green applications. The

Lenders will hold two of the four board seats on Hudson Greenland A/S, the Greenlandic operating

company which holds the White Mountain exploitation license. The other two seats will be held

by Hudson Resources and Greenland Venture A/S, a Greenland government investment fund

which owns eight million shares in Hudson Resources.

This new structure and capital injection will not dilute Hudson Resources shareholders, while

allowing them to share in the upside of the White Mountain mine. T he details of the final

agreement are being negotiated with the Lenders and will be subject to approval of the TSX

Venture Exchange.

Jim Cambon, President commented: “We are very pleased that we have come to an agreement in

principle with our lenders to put a debt and working capital structure in place to ensure the stability

of our White Mountain operation , while not diluting Hudson Resources shareholders . Our

anorthosite product has tremendous opportunities in several of our target applications and this

new finance package will give us the time and funds to realize the value of this project”.

Hudson has commenced plans to move the mine from care and maintenance to full operations

starting later this month. There are still some travel restrictions due to the global pandemic and

Hudson is working with the Greenland government to obtain permission for workers to travel to

the site.

Hudson owns and operates the White Mountain (Qaqortorsuaq) anorthosite mine in Greenland

through its wholly owned subsidiary, Hudson Greenland A/S. Hudson Resources also holds 100%

of the Sarfartoq rare earth element (REE) and niobium exploration license in Greenland.

Hudson and its Lenders are working collaboratively and are committed to completing a transaction

in order to restructure Hudson Greenland's debt and provide working capital for the White

Mountain mine; however, the agreement in principle does not contain a legal obligation on the part

of either Hudson or the Lenders to consummate the debt restructuring transaction. There can be

no assurance that the debt restructuring will be completed as described in this news release.

ON BEHALF OF THE BOARD OF DIRECTORS

“Jim Cambon”

President and Director

For further information:

Ph: 604-628-5002

Forward-Looking Statements

This news release includes certain forward-looking statements or information. All statements other than statements of historical

fact included in this news release, including, without limitation, statements regarding the terms of the proposed debt

restructuring, and other future plans and objectives of the Company , are forward-looking statements that involve various risks

and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events

could differ materially from those anticipated in such statements. Important factors that could cause actual results to diffe r

materially from the Company’s plans or expectations include the outcome of ongoing discussions with the Lenders regarding the

terms of the debt restructuring, shareholder approval for the proposed debt restructuring transaction, market prices, general

economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks

detailed herein and from time to time in the filings made by the Company with securities regulators. There is no assurance that

the debt restructuring described in this news release will be com pleted. The Company expressly disclaims any intention or

obligation to update or revise any forward- looking statements whether as a result of new information, future events or otherwise

except as otherwise required by applicable securities legislation.

Neither the 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.