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ESK.V ·

Eskay Announces Acceleration of 2018 Warrant Expiry Date to September 23, 2020

Share Capital & Compensation

1

82 Richmond Street East

Toronto, ON M5C 1P1

T: 416 907 4020

E: [email protected]

W: eskaymining.com

NEWS RELEASE

FOR IMMEDIATE RELEASE: August 24, 2020

Eskay Announces Acceleration of 2018 Warrant Expiry Date to September 23, 2020

Toronto, August 24, 2020 – Eskay Mining Corp. (“Eskay” or the “Company”) (TSX-V:ESK)

(OTCQB: ESKYF) (Frankfurt: KN7; WKN: A0YDPM) wishes to announce that, further to its Press

Release dated May 15, 2020 announcing the extension of the expiry dates of the warrants issued pursuant

to the June 2018 private placement (the “2018 Warrants”), the expiry date of the remaining 1,142,000

2018 Warrants exercisable at $0.40 per share has been accelerated as a result of the fact that the Company’s

common shares have closed at a price of at least $0.60 for ten (10) consecutive trading days as of August

21, 2020. The remaining 2018 Warrants will expire if they are not exercised by September 23, 2020.

About Eskay Mining Corp:

Eskay Mining Corp (TSX-V:ESK) is a TSX Venture Exchange listed company, headquartered in Toronto,

Ontario. Eskay is an exploration company focused on the exploration and development of precious and

base metals along the Eskay rift in a highly prolific region of northwest British Columbia known as the

“Golden Triangle,” approximately 70km northwest of Stewart, BC. The Company currently holds mineral

tenures in this area comprised of 177 claims (130,000 acres).

All material information on the Company may be found on its website at www.eskaymining.com and on

SEDAR at www.sedar.com.

For further information, please contact:

Mac Balkam T: 416 907 4020

President & Chief Executive Officer E: [email protected]

Neither the TSX V enture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX V enture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks

and uncertainties, which may cause actual results to differ materially from the statements made. When used

in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”,

“estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such

statements reflect our current views with respect to future events and are subject to risks and uncertainties.

2

82 Richmond Street East

Toronto, ON M5C 1P1

T: 416 907 4020

E: [email protected]

W: eskaymining.com

Many factors could cause our actual results to differ materially from the statements made, including those

factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or

more of these risks and uncertainties, such as actual results of current exploration programs, the general

risks associated with the mining industry, the price of gold and other metals, currency and interest rate

fluctuations, increased competition and general economic and market factors, occur or should assumptions

underlying the forward looking statements prove incorrect, actual results may vary materially from those

described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any

obligation to update these forward-looking statements, except as required by law. Shareholders are

cautioned not to put undue reliance on such forward-looking statements.