Mich Announces Closing of Non-Brokered Private Placement

MICH RESOURCES LTD.

SUITE 3123 – 595 BURRARD STREET

VANCOUVER, BC V7X 1J1

TEL: 604-609-6110

MICH RESOURCES ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

June 29, 2021 CSE – MICH

Vancouver, British Columbia – Mich Resources Ltd. (CSE – MICH) (the “Company”) announces that

it has complete d a non- brokered private placem ent (the “ Private Placement ”) of 8,875,600 common

shares (the “Shares ”) at an issue price of $0.25 per Share for total gross proceeds of $2,218,900. The

Company intends to use the proceeds of the Private Placement for corporate and general working capital

purposes.

Shares issued in connection with the Private Placement will be subject to a statutory hold period until

October 30, 2021.

The securities being offered pursuant to the Private Placement have not been, and will not be, registered

under the United States Securities Act of 1933, as amended, or state securities laws, and may not be

offered or sold within the United States, or to, or for the account or benefit of U.S. persons absent U.S.

federal and state registration or an applicable exemption from th e U.S. registration requirements. This

news release does not constitute an offer to sell or a solicitation of an offer to buy and of the securities in

the United States.

On behalf of Mich Resources Ltd.

“Mark T. Brown”

Chief Executive Officer

For more information, please contact:

Szascha Lim

CFO & Corporate Secretary

Tel: 604.609.6110

Neither the Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined

in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or

accuracy of this release.