Navy Resources Corp. Increases Previously Announced Private Placement to $2,200,000

NAVY RESOURCES CORP.

Suite 1740 -1177 West Hastings Street

Vancouver, BC V6E 2K3

FOR IMMEDIATE RELEASE September 9, 2020

Navy Resources Corp. Increases Previously Announced

Private Placement to $2,200,000

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

the size of the previously announced non-brokered private placement offering from 10,000,000

common shares at a price of $0.20 to up to 11,000,0 00 shares at a price of $0.20 for gross

proceeds of up to $2,200,000 (the “Offering”).

The proceeds of the Offering are for the Company's general working capital, to fund the

investigation of additional potential acquisitions and to fund exploration activities on its current

portfolio.

All securities will be subject to a four-month hold period from the closing date. The Offering is

subject to TSX Venture Exchange approval.

On behalf of the Board of Directors,

“Martin Bajic”

CFO and Director

Forward looking information is typically identified by words such as: believe, expect, anticipate, int end,

estimate, and similar expressions, or are those, which, by their nature, refer to future events. Readers are

cautioned to not place undue reliance on forward-lo oking information. Such forward looking statements

are subject to risks and uncertainties that may cau se actual results, performance and developments to

differ materially from those contemplated by these statements depending on, among other things, the

possibility of: (i) the Company’s inability to clos e the private placement; or (ii) the TSX Venture Ex change

not approving the private placement. Except as requ ired by law, the Company expressly disclaims any

obligation, and does not intend, to update any forw ard looking statements or forward-looking

information in this news release. The statements in this news release are made as of the date of this

release.

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.