Canadian GoldCamps Closes First Tranche of Non-Brokered Private Placement

Canadian GoldCamps Closes First Tranche of Non-Brokered

Private Placement

Toronto, Ontario – December 3, 2021 – Canadian GoldCamps Corp. (“Canadian GoldCamps”,

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

the first tranche (the “First Tranche”) of its previously announced non-brokered private placement

of units (“Units”). Pursuant to the First Tranche, the Company sold an aggregate of 4,131,231

Units for aggregate proceeds of $1,445,930.85. 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 Common

Share for a period of 24 months following the closing date at an exercise price of CAD$0.70 per

Common Share. The Company paid a cash commission of $12,000.07 to Haywood Securities

Inc. in connection with the First Tranche.

The Company intends to use the net proceeds from the First Tranche 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 Offering 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 va riety 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.