Hudson Resources and Lenders Agree to Short-Term Extension of Loan Maturity

FOR IMMEDIATE RELEASE TSX-V: HUD

June 17, 2020 OTC: HUDRF

NR2020-5

HUDSON RESOURCES AND LENDERS AGREE TO SHORT-TERM

EXTENSION OF LOAN MATURITY

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

“HUD”; OTC “HUDRF”) reports that it has entered into an amendment agreement with Cordiant

Capital Inc. and Apex Asset Management AG (the " Lenders") to extend the maturity date of its

US$10 million six month bridge loan facility to June 30, 2020. As previously announced on June

11, 2020, the Company has reached an agreement in principle with 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. The extension allows the Company and Lenders additional

time to finalize the details and terms of a definitive agreement which will be subject to applicable

regulatory approvals.

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

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

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

Hudson and its Lenders are committed to completing a transaction in order to restructure the debt

of Hudson Greenland; 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 on the terms 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 differ

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 completed on the terms described herein, or at all. 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.