Golden Pursuit Completes Financing

GOLDEN PURSUIT RESOURCES LTD.

652 Millbank

Vancouver, B.C. V5Z 4B7

NEWS RELEASE

GOLDEN PURSUIT COMPLETES FINANCING

May 6, 2020 Symbol: GDP

Vancouver, B.C., Canada, May 6, 2020 – Golden Pursuit Resources Ltd. (the “Company”) is pleased to

announce that further to its news releases dated March 25, 2020 , the Company has completed its private

placement offering of 4,000,000 units at $0.10 per unit for gro ss proceeds of $400,000 (the “ Offering”).

Each Unit consists of one post-consolidated (1) common share an d one-half of one (1) common share

purchase warrant. Each whole warrant will entitle the holder t o acquire an additional post-consolidated

common share exercisable at $0.12 per share, on a post-consolid ated basis, for a period of two (2) years

from the date of closing of the Offering.

In accordance with the policies of the TSX Venture Exchange, $8 ,000 in cash was paid by the Company

to a finder with respect to the Offering.

All of the securities distributed under the Offering are subjec t to a four-month hold period expiring

August 31, 2020.

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.