Blind Creek – Shares FOR Debt Transaction Completed

BLIND CREEK RESOURCES LTD. (BCK: TSX-V)

Suite 804 - 750 West Pender Street Vancouver, B.C. V6C 2T7

Telephone: 604-682-2928

www.blindcreekresources.com

BLINDCREEKRESOURCES.com

BCK : TSX.V

BLIND CREEK – SHARES FOR DEBT TRANSACTION COMPLETED

August 24, 2020 - Vancouver, BC – Further to its pre ss release of July 21, 2020 Blind Creek Resources Ltd.

(the “Company”) (TSXV: BCK) has settled $222,395 in debt by the issue of 4,447,903 common shares at $0.05

All shares are subject to a 4-month hold period. The Company’s choice to settle outstanding indebtedness with

the issuance of common shares will preserve its funds for forward operations. The transaction has received

approval from the TSX Venture Exchange.

Included in the total set out above, the Company settled accounts payable to three insiders by the is suance of

3,810,000 common shares (the “Insider Debt Settlement”). The Insider Debt Settlement is considered to be a

“related party transaction” as defined under Multilateral Instrument 61 -101 (“MI 61-101”). The Company has

relied on the exemptions from the valuati on and minority shareholder approval requirements of MI 61- 101

contained in sections 5.5 (b) and 5.7 1 (a) of MI 61-101 in connection with such issuance.

About Blind Creek Resources Ltd

Blind Creek is a Vancouver -based junior resource company focused on lead- zinc-silver project acquisition, exploration

and development. The Company's flagship property is the Blende Deposit in north- central Yukon. The property is 100%

owned, winter-road accessible 5,345 ha and situated 63 km northeast of Keno Hill, Yukon. The property is the largest

carbonate-hosted Ag-Zn-Pb deposit in Yukon and one of the largest undeveloped Ag -Zn-Pb deposits in Western Canada.

The property has had more than $9.2 M in past exploration ($5.2M by Blind Creek); including 25,195 meters of drilling in

132 drill holes.

On Behalf of the Board of Directors

CONTACT INFORMATION

Blind Creek Resources Ltd Corporate Inquiries:

"Glen Macdonald" Dale Dobson: : (604) 682-2928

Mr. Glen C. Macdonald, P. Geo Email: [email protected]

Director

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.