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Tri Capital Opportunities Corp. Grants Incentive Stock Options

Share Capital & Compensation

June 5th, 2020

NEWS RELEASE

TRI CAPITAL OPPORTUNITIES CORP. GRANTS INCENTIVE STOCK OPTIONS

Vancouver, British Columbia, June 1, 2020 - Tri Capital Opportunities Corp. (the

“Company”) (TSXV: TCAP.P) announces that the Company has issued an aggregate of

1,000,000 incentive stock options (the "Options") to officers and directors of the Company.

The Options are exercisable at $0.10 per share for a period of ten years from the date of

grant. The Options have been granted under and are governed by the terms of the

Company's incentive stock option plan.

ON BEHALF OF THE BOARD

“James Gaydon Pettit”

________________________

James Gaydon Pettit

CEO and President

Contact Information

Tri Capital Opportunities Corp.

Kelly Pladson, Corporate Secretary

Email: [email protected]

Telephone: (604) 639-3857

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.