Goldhills Increases Private Placement Offering

GOLDHILLS HOLDING LTD.

Vancouver, British Columbia

August 25, 2020

TSX.V Symbol: GHL

GOLDHILLS INCREASES PRIVATE PLACEMENT OFFERING

Vancouver, BC/ August 25, 2020 Goldhills Holding Ltd. (TSX-V: GHL) (FRANKFURT: GRYA) (the

"Company") is pleased to announce due to an oversubscription and strong demand that it has increased

its previously announced private placement financing from $150,000 to $250,000 (the “Offering”).

All securities issued in connection with the Offering will be subject to a four‐month statutory hold period.

The Company may pay a finder’s fee may in cash and or share purchase warrants in accordance with

the rules of the TSX Venture Exchange.

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

capital purposes.

Closing of the proposed Offering remains subject to a number of conditions, including receipt of all

necessary 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 release contains certain “forward- looking information” within the

meaning of applicable securities law. Forward- looking 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 n ot 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.