2288 - 1177 West Hastings

INFORM RESOURCES CORP.

2288 - 1177 West Hastings

Vancouver, British Columbia V6E 2K3

LEGAL_33167959.1

INFORM CLOSES PRIVATE PLACEMENT OF UNITS

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April 29, 2020 TSX-V: IRR

Vancouver, British Columbia – April 29, 2020 - Inform Resources Corp. TSX.V:IRR

(“Inform” or the " Company") is pleased to announce, further to its news release of April 1 ,

2020, that the Company has closed a non -brokered private placement of 12,500,000 units of the

Company (the “Units”) at $0.05 per Unit for gross proceeds of $625,000 (the “Offering”).

Each Unit consists of one common share in the capital of the Company (a “ Share”) and one

share purchase warrant (a “ Warrant”). Each Warrant will entitle the holder to purchase one

additional common share in the capital of the Company (a “ Warrant Share”) at a price of $0.25

per Warrant Share for a period of two years from the closing of the Offering.

Andrew Cheshire , the Chief Executive Officer, of the Company participated in the private

placement and acquired 500,000 Units. The purchase constitutes a “related party transaction”

within the meaning of Multilateral Instrument 61 -101 – Protection of Minority Security Holders

in Special Transactions (“MI 61-101”). The issuance is exempt from the for mal valuation and

minority shareholder approval requirements of MI 61 -101 as the fair market value of the Units

issued to or the consideration paid by such insider did not exceed 25% of the Company’s market

capitalization.

All securities issued in connection with the Offering are subject to a statutory hold period ending

on August 28, 2020 with subscribers agreeing to a six-month hold period in respect of the Shares

all in accordance with the policies of TSX Venture Exchange and applicable securities

legislation. The net proceeds of the Offering will be used to fund the option to earn up to a 90%

interest in two prospective gold-silver properties and for general working capital purposes.

On behalf of the Board of Directors

INFORM RESOURCES CORP.

“Andrew Cheshire”

Andrew Cheshire, Chief Executive Officer

For further general information, please contact Andrew Cheshire at 604- 343-4551.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.