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GDP.V ·

Golden Pursuit Appoints Investor Relations

Marketing Announcement

GOLDEN PURSUIT RESOURCES LTD.

652 Millbank

Vancouver, B.C. V5Z 4B7

NEWS RELEASE

GOLDEN PURSUIT APPOINTS INVESTOR RELATIONS

May 27, 2020 Symbol: GDP

Vancouver, British Columbia - Golden Pursuit Resources Ltd . (the “Company” or “GDP”) has appointed

Derrick Townsend to provide certain consulting services includi ng shareholder communications, market

intelligence and corporate development initiatives as directed by the Company’s CEO.

Mr. Townsend will manage all inbound and outbound marketing and investor relations activities but not

necessary just including: website material drafting, contact and email database management, inbound/outbound

company inquiries, outreach brokerage and professional investor networks, manage retail and institutional

investor shows and events, introduction to brokers, funds, fund investors, newsletter writers, as well as creation

and maintenance of all company marketing materials (factsheet, PowerPoint presentations, and social media).

Mr. Townsend will, on a best efforts basis, assist with introdu ction and marketing of upcoming financing

opportunities to our internal list and contact base of brokers, institutional investors, high networth investors,

strategic media consultants, and newsletter contacts to the management of GDP.

Under the terms of the agreement, which is dated for reference May 12, 2020, shall commence for a period of one

(1) year and will receive a fee of $5,000 Canadian (CAD) plus G ST per month. The agreement shall continue

in full force and effect unless terminated by one of the partie s in accordance with the agreement. The

Company may terminate the agreement at any time upon the giving of not less than 30 days’ prior written

notice to Mr. Townsend or upon payment in lieu thereof. Mr. To wnsend may terminate the agreement at any

time upon the giving of not less than 30 days’ prior written notice to the Company.

Mr. Townsend has no active position in GDP but as part of this service contract.

Mr. Townsend has also been granted options to purchase 250,000 common shares of the Company at $0.30 per

share exercisable for a period of five years from the date of issuance.

The agreement between the Company and Mr. Townsend and grant of options are subject to regulatory approval.

Mr. Townsend does not provide market-making activities.

GOLDEN PURSUIT RESOURCES LTD.

Per: “Brian McClay”

Brian McClay, President

CONTACT INFORMATION:

Brian McClay

Email: [email protected]

Tel: (604) 730-6982

Neither TSX Venture Exchange nor its Regulation Servi ces Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts res ponsibility for the adequacy or accuracy of this

release.