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CASA.V ·

BC’s newest Gold Company Casa Minerals Inc.

Corporate Updates

BC’s newest Gold Company

Casa Minerals Inc.

822-470 Granville St.

Vancouver, BC, V6C 1V5

P: 604-689-9523

F: 778-379-3899

E: [email protected]

https://www.casaminerals.com

August 17, 2020.

Passing of Director James Clucas

Vancouver, British Columbia - (August 17, 2020) Casa Minerals Inc. (TSX -V: Casa; OTC: CASXF; Frankfurt:

0CM) (the “Company” or “Casa”) announces the passing of its Director Jim (James) Cluca s on Friday, August

14. Jim joined the Board of Casa in January of this year.

Farshad Shirvani , CEO and President, states: Jim was a valued member of our Board who added a welcome

perspective by sharing the knowledge and experience gained from a long career in Canadian and international

mining and mineral exploration. Although he was instrumental in shaping the development and operation of

several important mines, h e never s ought credit or recognition for his accomplishments. Jim , in the 1980s , was

the CFO of Inco Limited’s Canadian operations and later contributed to the Snow Lake mine of High River Gold

Mines, Montana Tunnels of Pegasus and Hudbay Minerals’ Fenix Project. He was a co -founder of INV Metals

and recently retired as Executive Chairman and President of Search Minerals Inc., both TSX companies.

Jim Clucas will be remembered as a gentleman who, with good humour and sincerity, graciously shared the skil ls

and experience gained from a lifetime in our Industry. We extend our condolences to his family.

On Behalf of Board of Directors

Farshad Shirvani, M.Sc. Geology

President and CEO

For more information, please contact:

Casa Minerals Inc.

Farshad Shirvani, President & CEO

Phone: (604) 689-9523

Email: [email protected]

https://www.casaminerals.com

Forward-Looking Statements

Information set forth in this news release contains forward -looking statements that are based on assumptions as of the date of

this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are

not guarantees of future performance. The Company cautions that all forward -looking statements are inherently uncertain and

that actual performance may be affected by a number of material factors, many of which are beyond the Company’s control.

BC’s newest Gold Company

Casa Minerals Inc.

822-470 Granville St.

Vancouver, BC, V6C 1V5

P: 604-689-9523

F: 778-379-3899

E: [email protected]

https://www.casaminerals.com

Such factors include, among other things: risks and uncertainties relating to the Company’s limited operating history and the

need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results

may differ materially from the estimates, beliefs, intentions and expectations expressed or imp lied in the forward -looking

information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly

update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PRO VIDER (AS THAT TERM IS DEFINED IN

THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR

ACCURACY OF THIS RELEASE.