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BGD.V ·

Bullion Gold to Focus On Resource Sector

Corporate Updates

BULLION GOLD RESOURCES CORP.

1030 West Georgia Street, Suite 1300

Vancouver, BC, V6E 2Y3

Bullion Gold to Focus On Resource Sector

VANCOUVER, B.C., August 26, 2020 – Bullion Gold Re sources Corp. (TSX-

V: BGD.H) (the “ Company” or “ Bullion”), is please d to announce that it will

begin to focus its business interests solely on the resource sector. The Company

recently terminated its letter of Intent with Vertical Designs (B.C.) Ltd. Effective

August 14, 2020 and the company ’s board of directors is in full su pport of moving

its interests into the resource sector. The Company will begin to source projects

that will provide significant upside to its sh areholders while meeting the minimum

listing requirements of the TSX Venture Exchange.

For further information, please contact the Company at (604) 307-8290

ON BEHALF OF THE BOARD OF DIRECTORS

“Chris Cooper”

________________________________

Chris Cooper

President and CEO

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

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

This news release contains forward-looking information, which involves known and unknown risks, uncertainties

and other factors that may cause actual events to differ materially from current expectation. Important factors -

including the availability of funds, the results of financing efforts and the parties’ due diligence reviews and general

market conditions; the parties being able to obtain the necessary corporate, regulatory and other third parties

approvals; and licensing and other risks associated with regulated cannabis entities -- that could cause actual

results to differ materially from the Company's expectations are disclosed in the Company's documents filed from

time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-

looking statements, which speak only as of the date of this press release. The Company disclaims any intention or

obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a

result of new information, future events or otherwise.