CDN Maverick Provides Corporate Update

FOR IMMEDIATE RELEASE

CDN MAVERICK PROVIDES CORPORATE UPDATE

Vancouver, British Columbia – December 2, 2020 – CDN Maverick Capital Corp. (“Maverick” or the

“Company”) (CSE: CDN; OTCPINK: US; Frankfurt: A117RU) is pleased to provide a corporate update on the

Company.

Investment in Noram Ventures Inc.

The Company continues to be pleased with the progress made by Noram Ventures Inc. (“Noram”) in the

advancement of the Zeus Lithium Property in Clayton Valley Nevada. Noram is currently drilling it’s fifth

Phase of drilling and appears to be broadening its area of exploration outside the current resource area

quite significantly. Drilling is ongoing and results are still pending, however, visual inspection of the core

appears to suggest long intervals of higher grades of lithium hosted claystone. Maverick lo oks forward to

the pending news and expanded resource calculation. Further, Noram intends to include an upgraded

resource calculation as a result of the increased reliability of the data and an open pit design. These are

both vital steps towards the completion of a Preliminary Economic Assessment.

“Management is extremely proud of its investment in the Zeus Lithium Project. Maverick funded the drill

program that defined the maiden resource and has been a firm believer in the Clayton Valley, green energy

and the future of lithium claystone extraction from the start. We look forward to the noteworthy milestones

Noram will achieve in the near term” stated Sandy MacDougall, President and CEO. “The Rainbow Canyon

Gold Project is a well -placed compliment to this investment. Maverick last drilled this Project in 2017.

Investors have embraced gold in 2020 with rising gold prices and many analysts forecast this to continue in

the coming years spurred on by the effects of the COVID pandemic. With p ermits to drill Phase II in place,

the Company is well positioned to capitalize upon this.”

Rainbow Canyon Gold Project

The Rainbow Canyon Project remains Maverick’s principal property. It is located in the Olinghouse mining

district about 24 miles (40 km) east of Reno in Washoe County, Nevada and comprises 55, unpatented, lode

mining claims that cover an area of approximately 1,133 acres (458 hectares). The claims are located in the

sections 11,12, 14 and 15 of Township 20 north and Range 23 east on the Mt. Diablo Base Meridian. An

inclined shaft, which appears to be the main focus of early work, is located in NAD 27, zone 11 UTM

coordinates of 297,450 east and 4,387,324 north.

The Rainbow Canyon area, part of the Olinghouse mining district of northwest Nevada, has seen prospecting

and minor gold production since 1860. Initial prospecting was probably done by settlers using the Truckee

River valley on their way to California. However, little information has been recorded about the ownership,

exploration and production in the area from that time to the present day. Garside and Bonham (1992)

suggest that total historical production from lode mining and alluvial placer operations in the Olinghouse

district, located 5 km north of the property, was at least 30, 000 ounces with small but steady production.

Wilson et al (2000) estimate that historical production was over 70,000 ounces. Most of the historical

production listed was from prospects and small mining operations in the area of Township 21N, Range 23E

to the north of the Rainbow Canyon property. There is no documented historic production from Rainbow

Canyon.

CSE: CDN

OTCPINK: AXVEF

Frankfurt: A117RU

In 2009, a previous owner did exploration work on the property that consisted of select and chip sampling

of quartz vein material from historic prospe ct pits and waste dump piles that are found throughout the

property.

A total of 53 samples was taken on the original 80 claim property. All samples were of quartz vein material

or strongly altered wallrock material with silicification. Of these 53 sample s, 19 samples had analytical

results greater than 1.0 gram/Tonne (g/T) gold, (with a maximum value of 20.86 g/T gold), 10 samples had

0.50 to 1.0 g/T gold, 14 samples had 0.10 g/T to 0.50 g/T gold and 10 samples had less than 0.10 g/T gold.

A ground magnetic survey was also completed, and the survey showed that magnetic lows coincide with

many of the areas of quartz veining and strong alteration. A geologic and alteration map has been prepared

for sections 11 and 12, and additional rock chip samples have been collected. A six-hole reverse circulation

drilling program was completed in April of 2017 by Maverick with one notable high -grade intercept: hole

RCR-03 had five feet (1.5 m) containing 19.6 g/T Au. Based on the above interpretations of the data and the

2017 drill results, it was concluded that a follow-up drilling program to test for extensions of the mineralized

zones is warranted.

In July of 2019, Maverick submitted a revised Notice to the BLM to construct a new drill site and access road

for the Phase II six-hole program. This program would follow up on the RCR- 03 gold intercept. This permit

was successfully granted.

About CDN Maverick Capital Corp.

CDN Maverick Capital Corp. is a Vancouver-based junior resource company with projects in North America. CDN Maverick is focused on the

development of the following mineral properties:

The Ranger Lake Gold Project consists of 1,107 hectares of prospective gold exploration in southern Quebec, Canada.

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 sta tements based on current expectations 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 estim ates and opinions of

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

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

Neither the Canadian Securities Exchange (“CSE”) nor its Regulation Services Provider (as that term is defined in the policie s of the CSE) accepts responsibility for the

adequacy or accuracy of this release.