Cairo Resources Announces Increase to Private Placement

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED

STATES

CAIRO RESOURCES INC.

1430-800 West Pender Street, Vancouver, BC V6C 2V6

CAIRO RESOURCES ANNOUNCES INCREASE TO PRIVATE PLACEMENT

Vancouver, B.C., July 8, 2020 – Cairo Resources Inc . (TSX-V: QAI.H) (the “Company ” or

“Cairo ”), a Capital Pool Company listed on the NEX Board of the TSX Venture Exchange (the

“Exchange ”), announces that further to its news release on July 2, 2020, it has increased its

non-brokered private placement to up to 3,375,000 common shares at a price of $0.16 per

common share for gross proceeds of up to C$540,000 (the “Offering”).

The Company will apply the proceeds of the Offering to pursue a Qualifying Transaction and for

general working capital purposes.

The Company may pay finders’ fees in connection wit h the Offering, in accordance with

Exchange policies. All securities issued under the Offering will be subject to a four-month hold

period in accordance with applicable Canadian securities laws.

Closing of this Offering is subject to the receipt of all necessary regulatory approvals including

that of the Exchange.

About Cairo

The Company is a Capital Pool Company presently lis ted on the NEX board of the Exchange.

The Company currently has issued and outstanding 1, 881,473 common shares issued and

outstanding and no convertible securities.

For further information please contact Darryl Cardey at (604) 638-8063.

ON BEHALF OF THE BOARD

(signed) “ Darryl Cardey ”

Darryl Cardey

President and CEO

Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in

the policies of the Exchange) accepts responsibilit y for the adequacy or accuracy of this

release.