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ETF.V ·

Update ON Filing of Interim Financial Statements

Financials

NEWS RELEASE

July 29, 2020

UPDATE ON FILING OF INTERIM FINANCIAL STATEMENTS

Vancouver, B.C. Eastfield Resources Ltd. (“Eastfield” or the “ Company”) announces that as a result of the

COVID-19 pandemic, the Company has experienced delays in the completion of its audited year end financials

and a corresponding delay in the preparation of its first quarter financials and Management Discussion and

Analysis. In response to similar issues experienced by other businesses, the Canadian Securities Administrators

granted blanket relief for all market participants, providing up to a 45-day extension for periodic filings normally

required to be made between June 2, 2020 and September 30, 2020.

In accordance with the blanket relief, the Company will delay the filing of its first quarter financial statements

for the three months ended May 31, 2020, the management's discussion and analysis for the corresponding period,

and related management certifications of annual filings.

The company intends to file these documents prior to mid -September under the terms of the 45 -day extension

announced by the B.C. Securities Commission under BCI 51-517, dated May 20, 2020.

Until such time as the filings are made, the Company’s management and other insiders are subject to a trading

blackout that reflects the principles contained in Section 9 of National Policy 11-207 - Failure to File Cease Trade

Orders and Revocations in Multiple Jurisdictions.

Other than as disclosed in the company's press releases, there have not been any material business developments

since the date on which the company filed its interim consolidated financial statements for the three and nine

month periods ended November 30, 2019.

About Eastfield Resources Ltd.

Eastfield Resources is a well -financed Canadian mineral exploration company focused on the discovery of

precious metal and copper deposits. Eastfield currently has six mineral projects located in British Columbia of

which two are currently optioned to third parties.

For more information please visit the Company’s website at www.eastfieldgroup.com.

David M Douglas, CPA, CA

CFO, Director

Eastfield Resources Ltd.

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 news release.