AuQ Gold Mining Inc. updates option terms on Bellechase Timmins Project

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NEWS RELEASE- For Immediate Distribution

AuQ GOLD MINING INC.

(the “Company”)

TSXV – ROYL November 30, 2020

AuQ Gold Mining Inc. updates option terms on Bellechase Timmins Project

Vancouver, BC – November 30, 2020 - Further to the Company 's news release of September 29, 2020, the

Company reports that it has amended and restated the original option agreement of September 29, 2020, which

remains subject to regulatory approval.

The option terms have been clarified to provide the Company (“AuQ”) with an exclusive option to acquire 70%

interest in the Property in two tranches of 35%.

The first tranche can be acquired by AuQ:

1) Issuing a $350,000 10% promissory note due on or before October 2, 2022;

2) Issuing 1,000,000 shares of AuQ to the Optionor

3) Incurring $200,000 of property expenditures prior to October 2, 2021.

The second tranche can be acquired by AuQ:

1) Issuing a $350,000 10% 2 year promissory note on or prior to April 15,2021;

2) Issuing 500,000 shares of AuQ to the Optionor

3) Incurring $250,000 of property expenditures prior to October 2, 2023.

For more information please visit www.sedar.com or contact:

Glen Macdonald, P.Geo., CEO

AuQ Gold Mining Inc.

Telephone: (604) 719-8129

E-mail: [email protected]

Neither the TSX Venture Exchange nor it 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.

Cautionary Statements

Certain statements contained in this press releas e constitute forward -looking information. These statements relate to future events or

future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar

expressions and statements relating t o matters that are not historical facts are intended to identify forward- looking information and are

based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future result s may

differ materially. In particular, this release contains forward-looking information. Various assumptions or factors are typically applied in

drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are

based on information currently available to the Company. Risk factors that could cause actual results or outcomes to differ materially

from the results expressed or implied by forward -looking information include, among other things: conditions imposed by the TSX

Venture Exchange; changes in tax laws, general economic and business conditions; and changes in the regulatory regulation. Th e

Company cautions the reader that the above list of risk factors is not exhaustive. The forward-looking information contained in this

release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a

result of new information, future events or otherwise, except as required by applicable securities laws. Because o f the risks, uncertainties

and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements

expressly qualify any forward-looking information contained herein.

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