Cr Capital Corp. Announces Summer Glenrock Property Exploration Results

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CR CAPITAL CORP. ANNOUNCES SUMMER GLENROCK PROPERTY

EXPLORATION RESULTS

TORONTO, ONTARIO – September 11, 2020 - CR Capital Corp. (TSX-V / CIT) ("CR

Capital" or the " Company") is pleased to announce that t he results from its July 2020

surface rock and soil geochemical sampling program are availabl e for the Glenrock Gold

Property (“Property”) located 100 km north of Sault Ste. Marie, Ontario. The Property

consists of 109 cell claims tot aling approximately 1,800 hectares and is contiguous to the

southeast with the larger Coppe rcorp Property also held 100% by CR Capital. The

exploration program was undertaken in follow-up to the results of the sampling program

reported in the January 13, 2020 News Release.

During the program, the work focus was on the further assessmen t of the Glenrock West

gold showing area for which 24 rock samples were obtained from outcrop or subcrop and

70 soil samples were collected over a GPS located grid covering the area.

As well, an additional 47 predominantly previously unsplit core samples were collected

from three historic drill holes c ompleted in 1988 in the Glenro ck West area which are

stored at the ENDM core library in Sault Ste. Marie. This was i n follow-up to the core

sampling program discussed in the January 13 News Release. The Company thanks the

personnel of the Sault Ste. Marie Resident Geologist office for their repeated aid and

support in conducting this work.

2020 Program Results

The results of the 2020 program continue to be highly encouragi ng and have resulted in

the delineation of excellent targets for diamond drill testing.

Surface rock 0.5 square metre composite grab samples in the vicinity of the Glenrock West

area from this visit reported mineral values of up to 3.29 g/t Au, 0.7 g/t Ag, 0.21% Cu, 94

ppm Co, and 0.57 g/t Au, 1.3 g/t Ag, 0.43% Cu, 540 ppm Co.

The results of the soil sampling delineated an up to 100 m wide and 200 m long, WNW

elongated trend of highly elevated Au values in 15 samples rang ing from 0.001 g/t Au to

1.72 g/t Au and averaging 0.18 g/t Au. The soil anomaly remains open along strike in both

directions as to the west it trends laterally into a swamp where samples could not be taken,

and to the east it trends towards the Glenrock Main gold showin g area. As a result,

additional soil and rock sampli ng along this trend and to the n orth is warranted. The soil

and rock geochemical anomalies are shown in the figure.

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Sampling of historical core fro m the government core library re turned encouraging new

results reporting up to 0.99 g/t Au over 0.8 m in unsplit core. Combining this core sampling

with those from the previously announced January 13, 2020 News Release, the results

widen the intersections in two historical holes that are located directly to the east and west

of the Glenrock West Showing.

 DDH #475-88-16 (150 m directly to the west of Glenrock West, 232 deg. azumuth,

-45 deg. dip) now averages: 17.0 metres (true width approximately 13.1 m) of 0.45

g/t Au, from 8 m to 25 m downhole.

 DDH #475-88-24 (100 m directly to the east of Glenrock West, 00 5 deg. azimuth,

-45 deg. dip) now averages 3.4 metres (true width approximately 2.6 m) of 0.77g/t

Au, from 28 m to 31.4 m downhole.

In view of the gold values encountered in the historical drilli ng located laterally on both

sides of the Glenrock West Showing, the showing and immediate area should be explored

with additional drilling.

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2018 - 2020 Exploration Summary

Based upon the results of the CR Capital’s exploration in the Glenrock area encompassing

both the Glenrock Main and Glenrock West Showings, an east-west trending, highly

prospective, surface exposed, zone of elevated to high-grade go ld results based is defined

from 32 single to composite one square metre grab rock samples averaging 1.61 g/t Au,

and ranging in values from 0.001 g/t Au to 10.6 g/t Au. Twenty five out of the 32 samples

returned values of greater than 0.1 g/t Au. Grab samples are selected samples and are not

necessarily representative of the mineralization hosted on the property.

Based upon the sampling, the gold- enriched zone has now been ex tended to 300 m along

an E-W strike and remains open for additional exploration laterally in both directions.

Geophysically, the gold-enriched zone is spatially coincident w ith a portion of a more

extensive, 600 m by 75 m, ground IP high chargeability anomaly that had been identified

in a 1997 survey, and which also remains open to the west.

Gold Potential throughout the Property

In addition to the Glenrock Main and West showings, there are n umerous other historical

gold prospects documented on the Property, none of which have not been subjected to any

modern gold exploration in the last 21 years. Additional prospects include the nearby:

(i) Glenrock North Showing where pr evious historic drilling reporte d 3.4 g/t Au

over 4.2 metres (DDH #AR97-04 collar location UTM NAD83 Zone16

684020E 5209046N, 345 deg. azimuth, -45 deg. dip, true width approximately

2.8 m) testing a trench result of 6.33 g/t Au over 4.0 metres ( true width

approximately 3.4 m),

(ii) Glenrock Northwest Showing where a single historic test hole re ported 1.2 g/t

Au over 17 metres (DDH #AR97-08 collar location UTM NAD83 Zone1 6

683636E 5209322N, 165 deg. azimuth, -45 deg. dip, true width approximately

11.3 m), and a recent surface rock grab sample obtained by the Company in

area of sparse outcrop reported 13.4 g/t Au.

Both these prospect areas are associated with sub-parallel high chargeability IP anomalies

and recommended for follow-up exploration.

Other gold prospects on the Property include:

(i) STP Au-Cu showing two km to the east in which historic drilling has reported

up to 1.6 g/t Au, 43 g/t Ag, 3.06% Cu over a 6.53 metre length (exact location

and true width unknown), and where recent grab sampling of tren ches by the

Company has returned values of up to 3.47 g/t Au.

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(ii) The Palmer Au showing three kilometres to the southeast reporting historic grab

sampling of up to 0.49 oz/t Au and a recent surface grab sample of a trench by

the Company reporting a value of 2.5 g/t Au.

Numerous additional high chargeability IP anomalies remain unte sted throughout the

Property in areas of limited outcrop coverage.

Conclusions

The aforementioned gold showings and prospects on the Property are hosted in altered

mafic volcanic rocks of the Batchawana Greenstone Belt, a typic al Archean greenstone

belt. Gold is also known to occur in other geological environme nts on the Property

including Banded Iron Formation and other sediments.

However, despite being part of the Superior Province, and located regionally to the known

gold producing areas in the Abitib i and Wawa belts, respectivel y some 300 km to the

northeast, and 200 km to the north , the Batchawana Greenstone B elt has been largely

overlooked for gold exploration in the past, and as such, offer s opportunities for new

discoveries.

Typically in any Archean greenst one belt, the individual showin gs and prospects of lode

gold mineralization, collectively, may indicate the presence of a larger and more

widespread mineralizing system. The detailed compilation of historic work combined with

the recent exploration results by the Company suggests that the known showings and

prospects may be part of a larger Au(-Cu) system on the Propert y, which itself remains

highly underexplored. These results have generated multiple new high priority targets that

are recommended for diamond drill testing.

The Company has filed an application to the Ontario government for a new Exploration

Permit to diamond drill these ta rgets. A consultation process i s ongoing with the

Batchewana First Nation with the purpose of negotiating a drill ing permit to conduct

subsurface exploration on their traditional territory.

QA/QC

The collected rock samples for the site visit pertaining to thi s program were delivered

directly by the Qualified Person to the AGAT Laboratories facility in Mississauga, Ontario.

The Qualified Person submitted a blind Au standard plus a coars e quartz blank into each

submitted batch. The submitted samples were prepared by crush to 90% passing 2mm,

split to 250 gm and pulverize to 85% passing 75um (Method Code 200-002). The samples

were analyzed for gold at the AGAT Laboratories facility at Mis sissauga by Au by fire

assay, ICP-OES Finish, 50g with a range 0.001 – 10 ppm (Method Code 202-552,

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gravimetric assay for over-limit >10 ppm Au samples), and for m ultielement metals

analysis by 4-Acid Digestion and ICP-OAS method finish with re-assay for over-limit >10

gm for Au. The AGAT Mining Geochemistry Laboratory is accredit ed to ISO 17025 by

the Standards Council of Canada (SCC).

The information in this press release has been reviewed and app roved by Trevor Boyd, P.

Geo., and a Qualified Person for the technical information under NI 43-101 standards.

For further information, please contact:

Mr. Brian Howlett, CPA, CMA

President & CEO

CR Capital Corp.

Cell: 647-227-3035

CR Capital Corp. is engaged in the acquisition, exploration and evaluation of properties

for the mining of precious and base metals.

Caution Regarding Forward-Looking Information

This news release contains for ward-looking information that inv olves substantial known

and unknown risks and uncertainties, most of which are beyond the control of CR Capital.

Forward-looking statements incl ude estimates and statements tha t describe CR Capital's

future plans, objectives or goals , including words to the effec t that CR Capital or its

management expects a stated condition or result to occur. Forward-looking statements may

be identified by such terms as "b elieves", "anticipates", "expe cts", "estimates", "may",

"could", "would", "will", or "pl an". Since forward-looking stat e m e n t s a r e b a s e d o n

assumptions and address future events and conditions, by their very nature they involve

inherent risks and uncertainties. Although these statements are based on information

currently available to CR Capital, CR Capital provides no assurance that actual results will

meet management's expectations. Risks, uncertainties and other factors involved with

forward-looking information could cause actual events, results, performance, prospects and

opportunities to differ materially from those expressed or implied by such forward-looking

information. Forward looking information in this news release includes, but is not limited

to, CR Capital's objectives, goals or future plans, statements, details of the exploration

results, potential mineralizati on, CR Capital's portfolio, trea sury, management team and

enhanced capital markets profile, the timing of the Transaction , the estimation of mineral

resources, exploration and mine de velopment plans, timing of th e commencement of

operations and estimates of market conditions.

Factors that could cause actual results to differ materially fr om such forward-looking

information include, but are not limited to, failure or inability to complete the Transaction

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on the terms as announced or at all, regulatory approval proces ses, failure to identify

mineral resources, delays in obtaining or failures to obtain re quired governmental,

regulatory, environmental or other project approvals, political risks, inability to fulfill the

duty to accommodate First Nations and other indigenous peoples, uncertainties relating to

the availability and costs of financing needed in the future, c hanges in equity markets,

inflation, changes in exchange r ates, fluctuations in commodity p r i c e s , d e l a y s i n t h e

development of projects, capital and operating costs varying si gnificantly from estimates

and the other risks involved in the mineral exploration and development industry, and those

risks set out in CR Capital's public documents filed on SEDAR. Although CR Capital

believes that the assumptions and f a c t o r s u s e d i n p r e p a r i n g t h e forward-looking

information in this news release are reasonable, undue reliance should not be placed on

such information, which only applies as of the date of this news release, and no assurance

can be given that such events will occur in the disclosed time frames or at all. CR Capital

disclaims any intention or obligation to update or revise any forward-looking information,

whether as a result of new infor mation, future events or otherwise, other than as required

by law.

Neither the TSXV nor its Regulatio n Services Provider (as that term is defined in the

policies of the TSXV) accepts responsibility for the adequacy o r accuracy of this news

release.