Kanadario GOLD Inc. Announces Private Placement

KANADARIO GOLD INC. ANNOUNCES PRIVATE PLACEMENT

Vancouver, British Columbia – September 9, 2020: Kanadario Gold Inc. (TSXV: KANA) (the

“Company” or “Kanadario”) is pleased to announce that it has arranged, subject to TSX Venture

Exchange acceptance, a private placement of 11,000,000 common shares at $0.10 per share for

total gross proceeds of $1,100,000 (the “Private Placement”).

Kanadario intends to use the gross proceeds from Private Placement for continued exploration of

the Cameron Lake Property and for general working capital purposes. All securities issued pursuant

to the Private Placement are subject to a four-month-and-one-day hold period.

About the Company:

The Company is a mineral exploration company focused on the exploration and development of the

Cameron Lake Property, located in the west-central part of Quebec.

For further information regarding the contents of this news release please contact:

Dominic Verdejo, CEO

Tel: 604-678-5308

Email: [email protected]

Forward Looking Statements: This press release contains “forward -looking information or

statements” within the meaning of Canadian securities laws, which may include, but are not limited

to statements relating to the completion of the Pr ivate Placement, the use of proceeds from the

Private Placement and the Company’s future business plans. All statements in this release, other

than statements of historical facts, that address events or developments that the Company expects

to occur, are forward-looking statements. Forward -looking statements are statements that are not

historical facts and are generally, but not always, identified by the words “expects”, “plans”,

“anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that

events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes

the expectations expressed in such forward-looking statements are based on reasonable

assumptions, such statements are not guarantees of future performance and actual results may

differ from those in the forward-looking statements. Such forward-looking information reflects the

Company’s views with respect to future events and is subject to risks, uncertainties and

assumptions. The Company does not undertake to update forward -looking statements or forward -

looking information, except as required by law.

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.