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CDN.CN ·

Caelan Capital Inc. Corrects

Corporate Updates

CAELAN CAPITAL INC.

FOR IMMEDIATE RELEASE

CAELAN CAPITAL INC. CORRECTS NEWS RELEASE

Vancouver, British Columbia – April 13, 2020 – Caelan Capital Inc. (“Caelan” or the “Company”) (CSE: CDN;

AXVEF:US; Frankfurt: A117RU) would like to correct the Company’s new name on the news release dated

April 8, 2020. The Company’s new name is Caelan Capital Inc. All other information in the release remains

accurate.

About Caelan Capital Inc.

Caelan Capital Inc. is a Vancouver-based junior resource company with projects in North America. Caelan is focused on the development of the

following mineral properties:

The Quiron II Lithium Property consists of 2,421 hectares of prospective lithium exploration in the Pocitos Salar, Province of Salta,

Argentina. The Property is located approximately 12 km northeast from the Liberty One Lithium Corp and 19 km from Pure Energy

Minerals Ltd.’s Pocitos Prospects.

The Rainbow Canyon Gold Property consists of 417 hectares of prospective gold exploration in the Olinghouse mining district, in the

Washoe County Nevada.

ON BEHALF OF THE BOARD OF DIRECTORS

“Sandy MacDougall”

Chairman & Director

Phone: (604) 662-7902

This news release contains projections and forward - looking information that involve various risks and uncertainties regarding future events. Such forward - looking

information can include without limitation statements based on current expectati ons involving a number of risks and uncertainties and are not guarantees of future

performance of the Company. The following are important factors that could cause the Company’s actual results to differ mater ially from those expressed or implied by

such forward looking statements; the uncertainty of future profitability; and the uncertainty of access to additional capital. These risks and uncertainties could cause

actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could

differ materially from anticipated in such information. These and all subsequent written and oral forward - looking information are based on estimates and opinions of

management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking

information should circumstance or management’s estimates or opinions change.

Neither the Canadian Securities E xchange (“CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibil ity for the

adequacy or accuracy of this release.

CSE: CDN

OTC: AXVEF

Frankfurt: A117RU