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Lido Minerals Announces Results of Annual General and Special Meeting and Appointment of Hannah Jin to the Board of Directors

Management Changes Shareholder Meetings

810 – 789 West Pender Street

Vancouver, BC V6C 1H2

604-687-2038

Lido Minerals Announces Results of Annual General and Special Meeting and

Appointment of Hannah Jin to the Board of Directors

Vancouver, British Columbia / February 8 , 202 1 – Lido Minerals Ltd. (“Lido Minerals” or the

“Company”) (CSE:LIDO) is pleased to announce that all matters submitted to the shareholders for

approval as set forth in the Company’s Notice of Meeting and Information Circular, both dated

December 31, 2020, were approved unanimously with 100% of the votes cast in favour of all matters put

forth at the Company’s Annual General and Special Meeting (the “Meeting”) held on Friday, February 5,

2021.

Following the Meeting, the board of directors will be comprised of Mr. Wayne Soo, Mr. Patrick

O’Flaherty and director nominee Ms. Hannah Jin.

Hannah Jin, MBA, P.Geo.

Hannah Jin has 15 years of mineral exploration and business development experience specializing in

project evaluation, due diligence and valuation analysis of precious and base metal projects . As a

geologist, Ms. Jin has worked on several grassroots to operating precious metal projects throughout

Canada and the United States. As a business development consultant, Ms. Jin has provided business

development services to various investors including private and public Canadian companies, as well as a

Shanghai-based private equity firm. Presently, Ms. Jin is the Director Corporate Development for VRB

Energy, a privately -owned global clean energy company and leader in developing vanadium redox

battery (VRB) technology. Ms. Jin hold s an M.Sc. in Geology from Western University and an MBA from

the University of British Columbia. She is a registered Professional Geoscientist (P.Geo.) in British

Columbia.

Mr. Carl Chow did not stand for re -election at the Meeting, the Company would like to thank Mr. Chow

for his contributions to the Company and wishes him well with this current and future endeavors. The

Company would also like to thank its shareholders for their continued support and participation in the

Meeting.

About Lido Minerals Ltd.

Lido Minerals Ltd. is a mineral exploration company with an option, through its wholly -owned

subsidiary, to acquire a 100% interest in the Nimpkish mineral property in the Province of British

Columbia. The Company is also actively pursuing additional mineral projects focused on silver and gold

and base metals.

810 – 789 West Pender Street

Vancouver, BC V6C 1H2

604-687-2038

ON BEHALF OF THE BOARD OF DIRECTORS

Paul Ténière, M.Sc., P.Geo.

Chief Executive Officer

(604) 687-2038

[email protected]

THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR

ADEQUACY OF THIS RELEASE.

Notice Regarding Forward Looking Information:

Certain statements regarding Lido Minerals, including management's assessment of future plans and

operations, may constitute forward -looking statements under applicable securities laws and necessarily

involve known and unknown risks and uncertainties, most of whic h are beyond Lido Minerals’

control. Often, but not always, forward-looking statements or information can be identified by the use of

words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates",

"forecasts", "i ntends", "anticipates" or "does not anticipate" or "believes" or variations of such words

and phrases or statements that certain actions, events or results "may", "could", "would", "might" or

"will" be taken, occur or be achieved.

Cautionary Note: This ne ws release contains certain forward -looking statements, including statements

regarding the Company’s business and anticipated financial performance of the Company. These

statements are subject to a number of risks and uncertainties. Actual results may diff er materially from

results contemplated by the forward-looking statements. Factors that could cause actual results to differ

materially from those in forward -looking statements include: changes in metal prices, changes in the

availability of funding; unant icipated changes in key management personnel and general economic

conditions. Mining is an inherently risky business. Accordingly the actual events may differ marginally

from those projected in the forward-looking statements. When relying on forward-looking statements to

make decisions, investors and others should carefully consider the foregoing factors and other

uncertainties and should not place undue reliance on such forward -looking statements. The Company

does not undertake to update any forward look ing statements, oral or written, made by itself or on its

behalf.