Goldhills Announces Proposed Private Placement Offering

GOLDHILLS HOLDING LTD.

Vancouver, British Columbia

April 15, 2020

TSX.V Symbol: GHL

GOLDHILLS ANNOUNCES PROPOSED PRIVATE PLACEMENT OFFERING

Vancouver, BC/ April 15, 2020 Goldhills Holding Ltd. (TSX-V: GHL) (the "Company") announces that

the Company plans to offer, on a private placement basis, up to 2,666,667 common shares at a price

$0.075 per share for total proceeds of up to $200,0 00 (the “Offering”). The Company announces that is

has abandoned its previously announced offering (see press release dated March 6, 2020).

The proceeds of the offering will be used to settle outstanding indebtedness and for general working

capital purposes.

Closing of the proposed Offering is subject to a nu mber of conditions, including receipt of all necess ary

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

Goldhills Resources 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 r elease contains certain “forward-looking informatio n”

within the meaning of applicable securities law. Fo rward-looking information is frequently characterized

by words such as “plan”, “expect”, “project”, “inte nd”, “believe”, “anticipate”, “estimate” and other similar

words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statemen ts

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 c ould cause actual events or results to differ mater ially

from those anticipated in the forward-looking state ments 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 beyo nd the Company’s control. There are no assurances

that the business plans for the Company as describe d 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 tha t could affect financial results is contained in th e

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