Goldhills Announces Further Offering

GOLDHILLS HOLDING LTD.

400 - 837 West Hastings Street

Vancouver, British Columbia

V6C 3N6

May 20, 2020

TSX.V Symbol: GHL

GOLDHILLS ANNOUNCES FURTHER OFFERING

Vancouver, BC/ May 20, 2020 Goldhills Holding Ltd. (TSX -V: GHL ) (FRANKFURT: GRYA) (the

"Company") is pleased to announce that due to continued interest the Company plans to offer, on a

private placement basis, up to 2,000,000 common shares at a price $0.10 per share for total proceeds of

up to $200,000 (the “Offering”).

The proceeds of the offeri ng will be used to settl e outstanding indebtedness, general working capital

purposes and fund the ongoing evaluation of gold exploration projects.

Closing of the proposed Offering is subject to a number of conditions, including receipt of all ne cessary

corporate and regulatory approvals, including approval from the TSX Venture Exchange.

Goldhills Holding Ltd.

Sergei Stetsenko

CEO and Director

Phone: +380673522641

Neither 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 release.

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward-looking information” within the

meaning of applicable securities law. Forward-lo oking information is frequently characterized by words such as

“plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements

that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and

estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other

factors that could cause actual events or results to differ materially from those anticipated in the forward-looking

statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the

TSX-V. There are uncertainties inherent in forward -looking information, including factors beyond the Company’s

control. There are no assurances that the business plans for the Company as described in this news release will

come into effect on the terms or time frame described herein. The Company undertakes no obligation to update

forward-looking information if circumstances or management’s estimates or opinions should change except as

required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional

information identifying risks and uncertainties that could affect financial results is contained in the Company’s

filings with Canadian securities regulators, which are available at www.sedar.com.