Canada One Signs Letter of Intent to Review Princeton Copper Project in British Columbia

CANADA ONE MINING CORP.

Suite 510, 580 Hornby Street

Vancouver, British Columbia

V6C 3B6

Canada One Signs Letter of Intent to Review Princeton Copper Project

in British Columbia

March 02, 2021 – Vancouver, Canada – Canada One Mining Corp. (the “Company” or

“Canada One”) (TSXV: CONE) is pleased to announce that the Company has signed a

letter of intent (“LOI”) to review the Princeton Copper Project (“Princeton Copper” or the

“Project”) located in British Columbia , Canada and held by Princeton Copper Corp.

(“PCC”), a related party private company.

Under the LOI, the Company intends to conduct a due diligence review of the Project in

consideration of a potential acquisition. At this time, no terms have been agreed to by the

parties and completion of any transaction with PCC is subject to satisfactory due diligence

and any required regulatory and third-party approvals.

Princeton Copper Overview

The 7830 ha Project is located five kms south of Princeton BC. The Copper Mountain

Mine property (“CMM”) operated by Copper Mountain Mining Corp. is contiguous to the

Project with its multiple deposits extending 2 to 10 kilometres south of the Project.

CMM and the Project share a common infrastructure network for access and power. Both

are hosted by the Nicola volcanic rocks of the Quesnel terrane porphyry belt.

In 2020, PCC initiated an exploration program on a 500-ha section representing roughly

6% of the property. This program confirmed large overlapping anomalous porphyry

targets. The geophysical responses are favourable and similar to those found, just to the

south at CMM, specifically at the Copper Mountain, Ingerbelle and Virginia deposits. The

primary target is a charge able body ( likely consisting o f pyrite dominant sulphides)

subcrops at approximately 60 metres and is roughly 400 metres wide by 500 metres in

the north-south direction.

Readers are cautioned that the LOI entered by the Company does not set forth the terms

of a potential transaction nor have such terms been negotiated or finalized. Completion

of any transaction is subject to a number of conditions, including, but not limited to,

completion of due diligence, negotiation of a definitiv e agreement in re spect of such a

transaction, the availability of financing on terms acceptable to the C ompany, and the

receipt of any required regulatory and shareholder approvals. A transaction cannot be

completed until these conditions are satisfied, and there can be no assurance that such

a transaction, will be completed at all.

Qualified Person

Mr. John Buckle, P. Geo is a Qualified Person in accordance with National Instrument 43-

101 – Standards of Disclosure for Mineral Projects . Mr. Buckle has reviewed and

approved the scientific and technical content of this news release.

On behalf of the Board of Directors of

CANADA ONE MINING CORP.

Peter Berdusco

President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture

Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain certain “Forward- Looking Statements” within the meaning of the United States Private Securities

Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”,

“believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-

looking statements or information. These forward-looking statements or information may relate to the status of the Annual Filings and

the Interim Filings, the anticipated completion of these filings , and other factors or information. Such statements represent the

Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that,

while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social

risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements

to be materially different from the results, performance or achievements that are or may be expressed or implied by such forw ard-

looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements

or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and

information other than as required by applicable laws, rules and regulations.