Canadian GoldCamp Closes 2nd tranche Private Placement

Canadian GoldCamps Closes Second Tranche of Over

Subscribed Non-Brokered Private Placement

Toronto, Ontario – December 17, 2021 – Canadian GoldCamps Corp. (“Canadian GoldCamps”,

or the “Company”) (CSE: CAMP) (FSE: A68) (OTC: SMATF) today announced that it has closed

the over subscribed second tranche (the “Second Tranche”) of the previously announced non-

brokered private placement (the “Private Placement”). Pursuant to the Second Tranche, the

Company has issued an aggregate of 4,795,284 units (“Units”) for gross aggregate proceeds of

$1,678,349.40. Each Unit was issued at a price of CAD$0.35 and comprised of one common

share of the Company (each a “Common Share”) and one common share purchase warrant (each

a “Warrant”). Each Warrant is exercisable to acquire one additional Common Share for a period

of 24 months following the closing date at an exercise price of CAD$0.70 per Common Share.

Proceeds from the both tranches of the Private Placement totalled $3,124,280.25.

The Company intends to use the net proceeds from the Private Placement to advance its

exploration projects. The Units have been issued on a private placement basis pursuant to

applicable exemptions from prospectus requirements under applicable securities laws. All

securities issued or issuable pursuant to the Private Placement are subject to a hold period of

four months and one day.

About Canadian GoldCamps Corp.

Canadian GoldCamps Corp. is a Canadian-based junior exploration stage company engaged in

the evaluation, acquisition and exploration of lithium properties in Peru. For additional information,

please visit Canadian GoldCamp’s website: https://www.goldcamps.ca/.

For further information, please contact:

Canadian GoldCamps

Brendan Purdy, Interim CEO

604-687-2038

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the

policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or

accuracy of this release.

This news release may contain forward- looking statements based on assumptions and judgments of

management regarding future events or results. Such statements are subject to a variety of risks and

uncertainties which could cause actual events or results to differ materially from those reflected in the

forward-looking statements. There is no assurance the private placement, property option, change of board

or reinstatement of tradi ng referred to above will close on the terms as stated, or at all. The Company

disclaims any intention or obligation to revise or update such statements.