BRO.V · 2019-01-30 12:00:00

Barksdale Presents Positive Initial Geochemical and Geophysical Results at Sunnyside

Exploration Programs Sampling & Geoscience Results

BRO:TSXV BRKCF:OTCQB

BARKSDALE PRESENTS POSITIVE INITIAL GEOCHEMICAL

AND GEOPHYSICAL RESULTS AT SUNNYSIDE

January 30, 2019 – Vancouver, B.C. – Barksdale Capital Corp. (“Barksdale” or

the “Company”) (TSXV: BRO)(OTCQB: BRKCF) is pleased to report initial results from

its ongoing exploration programs (the “Program”) at its Sunnyside property, located

in southern Arizona, adjacent to South32’s Taylor-Hermosa development project.

To date, the Program has focused on the northeast quarter of the 5,223-acre

Sunnyside project, where the known extension of the Taylor- Hermosa zinc-lead-

silver-copper deposit continues onto Barksdale ground. This is a priority zone for

Barksdale as it sits within the footprint of the Company’s proposed drilling plans that

have been submitted to the US Forest Service for permit approval.

Surface Campaign

Barksdale’s team completed detailed mapping (1:6,000 scale) and extensive rock

chip sampling ( 1,904 samples) in the northern portion of the Sunnyside property

during 2018. T he surface campaign has identified multiple prominent mineralized

structural zones around the periphery of the Sunnyside porphyry complex, which was

partially defined by various ASARCO drilling campaigns in the 1960’s through 1980’s.

Individual assays from the Barksdale Program returned select high-grade results of

up to, and including, 15.75% copper, 19.15 g/t gold, 440 g/t silver, 6.54% lead, and

0.73% zinc, respectively. Comprehensive geochemical plots of copper, gold, silver,

lead and zinc can be found at the end of this press release (Figures 1 through 5).

Geochemical data is currently being analyzed and further evaluated using

geostatistical modeling software, such that project scale metal zoning patterns can

be established at Sunnyside. These models will be updated as additional surface

sampling is completed in 2019, which will likely see the sampling campaign extended

over the remainder of the Sunnyside property. Barksdale believes that these

mineralized structures likely represent leakage from larger mineralized bodies at

depth and will use these data to generate drill targets once the ongoing program are

completed.

Geophysical Surveys

Additionally, the Company initiated an initial 7-10 line-kilometer natural source audio

magneto-telluric survey (“NSAMT”) in October 2018, the purpose of which was to

gain subsurface structural data as well as to potentially identify Paleozoic carbonate

rocks (host rocks for the Taylor-Hermosa deposit) beneath volcanic cover. Based on

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the quality and depth of the data collected, Barksdale subsequently extended the

survey and ultimately completed 23.3 line -kilometers of NSAMT (Figure 6). Initial

results have identified numerous structural zones and geologic contacts at depths up

to, and in some cases, exceeding 2,500 meters depth (Figure 7) . A series of

prominent resistivity and conductivity anomalies have been identified to date and

Barksdale has engaged a third-party geophysical expert with extensive experience in

similar geologic systems to review and interpret the survey results. Barksdale will

provide additional updates to the market as these interpretations are finalized.

Target Generation

The Sunnyside-Taylor-Hermosa system is a very large mineralized system that has

yet to be fully explored. In particular, Barksdale’s ground has only seen a handful of

historic drill holes that targeted the skarn/ manto portion of the system that flanks

the Sunnyside porphyry to the east. All data indicates that the causative source of the

polymetallic copper-zinc-lead-silver replacement deposits at Taylor- Hermosa is the

Sunnyside porphyry c omplex located within Barksdale’s Sunnyside property.

Barksdale is focused on not only defining the size and quality of the mineralized zone

between the Sunnyside porphyry and the western edge of the Taylor-Hermosa

deposit ( the property boundary ), but also additional skarn/mantos around the

periphery of the Sunnyside porphyry.

Additional field and geophysical works for the 2019 field season are currently in

planning stage. The additional data collected during these programs will allow

Barksdale’s geologic team to build a portfolio of drilling targets that will be ranked,

prioritized, and then drilled once the requisite permits have been received.

Sampling and QA/QC

Surface samples reported herein are a combination of select, rock chip, float chip and

channel chip samples. Samples were taken under the direction of qualified geologists

and adhered to strict QA/QC programs. Samples were labeled, sealed and delivered

to ALS laboratories in Tucson, Arizona . All samples were dried, crushed and

pulverized with the pulps being analyzed by ALS in Vancouver, British Colombia,

Canada. Systematic assaying of standards, blanks, and duplicates is performed for

precision and accuracy. Analysis for 33 element four acid ICP AES with gold analysis

by fire assay with an AA finish.

Lewis Teal, Barksdale’s project manager and a “qualified person” as defined by NI

43-101, Standards of Disclosure for Mineral Projects is responsible for approving the

scientific and technical information regarding Sunnyside contained in this news

release.

Barksdale Capital Corp. is a base metal exploration company headquartered in

Vancouver, BC, that is focused on the acquisition and exploration of highly

prospective base metal projects in the United States. Barksdale’s portfolio of assets

is located within a world- class base metal district in southern Arizona and are

surrounded by some of the world’s largest mining companies.

BRO:TSXV BRKCF:OTCQB

ON BEHALF OF BARKSDALE CAPITAL CORP

“Rick Trotman”

Rick Trotman

President and Chief Executive Officer

For more information please phone 778-558-7145, email

[email protected] or visit www.BarksdaleCapital.com.

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 news release.

CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING INFORMATION: This

news release contains “forward-looking information” under applicable Canadian

securities legislation which relates to future events or future performance (including,

but not limited to, the Company’s future exploration plans for the Sunnyside

property) and reflects management’s current expectations and assumptions based

on information currently available to the Company. Readers are cautioned that such

forward-looking information is neither a promise nor guarantee, and is subject to

risks and uncertainties that may cause future results to differ materially from those

expected including, but not limited to, actual results of exploration activities,

environmental risks, future metal prices, operating risks, accidents, labor issues,

delays in obtaining governmental approvals and permits, availability of financing and

other risks in the mining industry. There are no known resources or reserves on the

Sunnyside property and the proposed exploration programs are exploratory searches

for commercial bodies of ore. In addition, the close proximity of the Company’s

Sunnyside property to South32’s Taylor-Hermosa deposit is not necessarily indicative

of the mineralization within the Sunnyside property. All forward-looking information

in this news release is qualified by these cautionary statements and those in our

continuous disclosure filings available on SEDAR at www.sedar.com. Accordingly,

readers should not place undue reliance on forward- looking information. The

Company disclaims any intention or obligation to update or revise any forward-looking

information, whether as a result of new information, future events or otherwise, except

as required by law.

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Figure 1. Rock chip sample locations showing lead values in ppm . The surface projection of the currently defined