Grande Portage Resources Announces Non-Brokered Financing

280 - 1090 West Georgia Street

Vancouver, British Columbia. V6E 3V7

GRANDE PORTAGE RESOURCES ANNOUNCES NON-BROKERED

FINANCING

VANCOUVER, BC, J anuary 30, 2020 – Grande Portage Resources Ltd. (TSX-V “GPG”); (OTCQB:

“GPTRF”); (Frankfurt: “GP B”); ("Grande Portage" or "the Company") is pleased to announce that it has

arranged, subject to approval from the TSX Venture Exchange, a non-brokered private placement of up to

4,166,666 units for gross proceeds of up to $500,000. The private placement offering will be at $0.12 per unit,

and will consist of one common share in the capital of the Company and one half share purchase warrant.

Each whole warrant will be exercisable at $0.1 6 to purchase an additional common share for a period of 18

months following the closing date. All subscriptions for units are anticipated to be completed and accepted

by the Company on or before February 7th, 2020.

The net proceeds of the offering will be used to advance exploration activities at the Company's Herbert

Gold property, located in southeast Alaska, as well as for general working capital. Finders' fees may be paid

on the offering pursuant to the policies of the TSX-Venture Exchange. The Company wishes to confirm that

it is fully disclosed and not aware of any undisclosed material events.

All securities issued will be subject to a four -month hold period which will expire on the date that is four

months and one day from the date of issue.

About Grande Portage: Grande Portage Resources Ltd. is a publicly traded mineral exploration company focused on the Herbert

Gold discovery situated approximately 25 km north of Juneau, Alaska. The Company holds a 100% interest

in the Herbert property. The Herbert Gold property system is open to length and depth and is host to at least

six main composite vein -fault structures that contain ribbon structure quartz -sulfide veins. The project lies

prominently within the 160km long Juneau Gold Belt, which has produced nearly seven million ounces of

gold. The Company’s recent Mineral Resource estimate is quoted at a base case mineral resources cut -off

grade of 2.50 grams per tonne gold (g/t Au) and consists of: An indicated resource of 606,500 ounces of gold

at an average grade of 10.03 g/t Au (1,880,500 tonnes); and An inferred resource of 251,700 ounces of gold

at an average grade of 14.15 g/t Au (553,429 tonnes).

ON BEHALF OF THE BOARD

“Ian Klassen”

Ian M. Klassen

President & Chief Executive Officer

Tel: (604) 899-0106

Email: [email protected]

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS

DEFINED UNDER THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR

ACCURACY OF THIS NEWS RELEASE