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Margaux Resources Ltd. Announces Executive and Board Changes

Management Changes

NOT FOR DISSEMINATION IN THE UNITED STATES

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NEWS RELEASE

Margaux Resources Ltd. Announces Executive and Board Changes

CALGARY, ALBERTA -- (June 26, 2020)

Margaux Resources Ltd. (TSX VENTURE: MRL, OTCQB: MARFF) ("Margaux" or the "Company") is pleased to announce

the appointment of Marco Roque as its new Chief Executive Officer, effective immediately. Mr. Roque will join the

MRL Board as a Director of the Company effective July 1, 2020.

Marco Roque brings to the position a wealth of knowledge and an array of experiences in company development

and global capital markets.

Mr. Roque started his career in private banking with Millennium BCP, a large Portuguese bank and joined Barclays

Capital in 2007, where for several years he spearheaded the Portuguese derivatives and structured products team

with a focus on commodities.

He is a co-founder of Reyna Silver, a silver exploration company with a portfolio of Mexican silver assets, built around

two assets that formed part of MAG Silver's original IPO.

Mr. Roque is also a co-founder and director of Arabian Shield Resources, a private mining company engaged in the

acquisition, exploration, and development of mining assets in the Arabian-Nubian Shield and surrounding regions of

the Middle-East.

Marco is a CFA charter holder, earned an MBA from Hong Kong University of Science and Technology and London

Business School , a Master s in Finance from Nova School of Business and Economics in Lisbon as well as an

undergraduate Management degree from the same school.

The Company’s Board and Management team welcome Mr. Roque to the Company.

Tyler Rice will remain in his role as President and Director but effective immediately has resigned from his position

as Chief Executive Officer. The Corporation would also like to announce the resignation of Mr. Doug Foster as a

Director of the Corporation . The Boa rd thanks Mr. Foster for his valuable contributions to the Company over his

many years of service.

About Margaux Resources Ltd.

Margaux Resources Ltd. (TSX.V: MRL, OTCQB: MARFF) is a Canadian gold exploration company focused on

exploration in British Columbia, and is directed by a group of highly successful business executives.

Neither the 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.

NOT FOR DISSEMINATION IN THE UNITED STATES

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CONTACT INFORMATION

Margaux Resources Ltd.

Marco Roque

CEO and a Director

+852 6691 6295

[email protected]