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FAT.CN ·

Far Resources Ltd. Announces Stock Option Grant

Share Capital & Compensation

FAR RESOURCES LTD. ANNOUNCES STOCK OPTION GRANT

January 15, 2021

VANCOUVER, BC - FAR Resources Ltd (“Far” of the “Company”) (CSE: FAT) announces

that it has granted incentive stock options to consultants of the Company to purcha se an

aggregate of 4,800,000 common shares of the Company at an exercise price of $0. 145 per

common share expiring five years from the date of grant. The stock options are granted in

accordance with the Company’s Stock Option Plan, which was approved by the shareholders at

the Com pany’s annual general meeting on December 19, 2018, and the policies of the

Canadian Securities Exchange.

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For and on behalf of the Board

John Gammack

President and CEO

Information Contact

John Gammack, President & CEO

FAR Resources, LTD.

[email protected]

The Canadian Securities Exchange has neither approved nor disapproved the contents of this

news release and accepts no responsibility for the adequacy or accuracy hereof.

Forward Looking Statements

This news release may contain forward -looking statements, which relate to future events or

future performance, including planned exploration, and reflect management’s current

expectations and as sumptions. Such forward -looking statements reflect management’s current

beliefs and are based on assumptions made by and information currently available to the

company. Readers are cautioned that these forward looking statements are neither promises

nor guarantees, and are subject to risks and uncertainties that may cause future results to differ

materially from those expected. All of the forward-looking statements made in this news release

are qualified by these cautionary statements and those in our conti nuous disclosure filings

available on SEDAR at www.sedar.com. These forward -looking statements are made as o f the

date hereof and the company does not assume any obligation to update or revise them to

reflect new events or circumstances save as required u nder applicable securities legislation.

This news release does not constitute an offer to sell securities and the company is not soliciting

an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be

unlawful prior to registration or qualification under the securities laws of such jurisdiction.