International Samuel Closes Non Brokered Private Placement

888-700 West Georgia, Vancouver, BC, V7Y 1G5

INTERNATIONAL SAMUEL CLOSES NON BROKERED PRIVATE PLACEMENT

July 22, 2020: Vancouver, British Columbia: International Samuel Exploration Corp. (the “Company”)

(ISS: TSX-V) announces that further to the Company’s news release of June 17, 2020 the Company closed

the non-brokered private placement consisting of 5,912,500 shares (“Shares”) at a purchase price of $0.08

per Share and raised gross proceeds of $ 473,000. Existing insiders and two new reporting insiders of the

Company participated in the private placement for an aggregate amount of $ 288,000 being 60.89% of the

private placement. The Company paid to Canaccord Genuity Corp. a finder fee of $1,680 cash associated

with this financing.

All securities issued in conjunction with this private placement are subject to a hold period expiring four

months plus a day after the date of issuance.

A portion of the Private Placement constitutes a “ related party transaction” within the meaning of TSXV

Policy 5.9 and Multilateral Instrument 61 -101 Protection of Minority Security Holders in Special

Transactions ("MI 61-101") adopted in the Policy. The Company intends to rely on exemptions from the

formal valuation and minority approval requirements in sections 5.5(b) and 5.7(e) of MI 61 -101 on the

basis that the Company is not listed on any specified senior stock exchanges and that the Company is facing

financial hardship and the transactions are designed to improve the Company’s financial position.

The proceeds received from this private placement will be used to advance the Williams gold & porphyry

property in the Toodoggone trench area of northern BC and general working capital.

ON BEHALF OF THE BOARD OF DIRECTORS

“Conrad Swanson”

Conrad Swanson

Chairman

For further information, please contact:

International Samuel Exploration Corp.

Telephone: 604-317-3090

Email: [email protected]

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.

Forward-looking information

Certain statements in this news release constitute “forward -looking” statements. These statements relate to future

events or the Company’s future performance. All such statements involve substantial known and unknown risks,

uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such

forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not

be read as guarantees of future performance or results , and they will not necessarily be accurate indications of

whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a

number of factors and risks. Although the forward-looking statements contained in this news release are based upon

what management of the Company believes are reasonable assumptions on the date of this news release, the Company

cannot assure investors that actual results will be consistent with these forward -looking statements. The f orward-

looking statements contained in this press release are made as of the date hereof and the Company disclaims any

intention or obligation to update or revise any forward -looking statements whether as a result of new information,

future events or otherwise, except as required under applicable securities regulations.