Corporate Update

GRI: TSX-V

September 21, 2020

CORPORATE UPDATE

Vancouver, B.C., Galore Resources Inc. ("Galore" or the "Company") (TSX-V: GRI) announces that on

September 17, 2020, the British Columbia Securities Commission issued a Cease Trade Order as a result of the

Company’s failure to file its annual financial statements and management’s discussion and analysis for the year

ended March 31, 2020. Galore had been relying on exemptive relief recently granted by Canadian securities

regulatory authorities under s.11 of BC Instrument 51 -517, which had been granted i n response to the Coronavirus

pandemic. This relief had allowed the Company a 45 day extension in which to file their annual documents which

had originally been due on or before July 29 , 2020. However, due to unforeseen circumstances outside of the

Company’s control the Company was unable to meet the deferred deadline of September 14, 2020.

Reinstatement to trading can only occur when the Cease Trade Order is revoked and the TSX Venture Exchange

(the “Exchange”) has concluded its reinstatement review to ensure the Company has satisfactorily complied with

Exchange requirements.

In the event the Company does not complete its reinstatement as evidenced by the issuance of an Exchange bulletin

and is unable to meet the continued listing requirements of the Exchange within 90 days from the suspension date,

being December 21, 2020, the Exchange will transfer the shares of the Company to NEX.

Management is currently working with the Company’s auditors to complete the required financial statements and

expects to be able to meet the Exchange requirements within the time frame specified by the Exchange.

ON BEHALF OF THE BOARD

“Michael McMillan”

President and CEO

To find out more about Galore Resources (TSX.V:GRI) please contact: Mike McMillan at (210) 860-9212 (USA)

Please visit our website at www.galoreresources.com or contact us at [email protected].

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.