Navy Resources Corp. Enters into Option Agreement t o Acquire 100% Interest in Hot Springs Project in Nevada

NAVY RESOURCES CORP.

Suite 1740 -1177 West Hastings Street

Vancouver, BC V6E 2K3

FOR IMMEDIATE RELEASE March 6, 2020

Navy Resources Corp. Enters into Option Agreement t o Acquire

100% Interest in Hot Springs Project in Nevada

Navy Resources Corp. (TSX-V: NVY) (the “ Company ”) is pleased to announce that it has entered into an

option agreement (the “Agreement”) with Milliard Ge ological Consulting. (“MGC”), a limited liability

company domiciled in Nevada, USA, under which the C ompany may earn a 100% interest in MGC’s 168

unpatented mining claims covering approximately 1,3 75 hectares, located on the Getchell trend in

Humboldt County, Nevada (the “Hot Springs Range Property”).

Under the terms of the Agreement, the Company has u p to five years to acquire a 100% interest in the

Property by making cumulative cash payments of USD $136,140 and cumulative share payments of

1,650,000 common shares in the capital of the Company, followed by a $1,500,000 payment payable in

cash or common shares at the option of the Company, subject to TSXV acceptance. The largest portion

of the payments fall in the final years of the option, the exercise of which the Company may accelerate at

its option.

MGC retains a Net Smelter Royalty of 2% which the C ompany may purchase in 0.1% increments for

USD$100,000 for each increment up to maximum of 1%. The Company is responsible for Property holding

costs during the duration of the Agreement.

The acquisition is subject to TSXV approval and wil l constitute the Company’s fundamental asset

acquisition to meet Tier 2 continued listing requirements. A NI 43-101 compliant technical report is being

prepared for the project.

The Hot Springs Range Property consists of 168 unpatented historically unexplored mining claims covering

1,375 hectares and shows similar structural setting , lithological, alteration, and regional geochemica l

characteristics with the Getchell Trend and associa ted Turquoise Ridge and Twin Creek deposits. The

Property lies within approximately 15 Km to existing processing facilities, has proximal infrastructure and

is easily accessible. All scientific and technical information in this news release has been prepared

by, or approved by Bryan Atkinson, PGeo. Mr. Atkinson is a qualified person for the purposes of

National Instrument 43-101 - Standards of Disclosur e for Mineral Projects.

On behalf of the Board of Directors,

“Martin Bajic”

CFO and Director

Neither 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.