Seashore Signs Definitive Agreement with Kingfisher Resources Ltd.

SEASHORE RESOURCE PARTNERS CORP.

(TSX-V: SSH.P)

SEASHORE SIGNS DEFINITIVE AGREEMENT WITH KINGFISHER

RESOURCES LTD.

Vancouver, B.C. - September 30, 2020 - Seashore Resources Partners Corp. (“SSH” or the “Company”),

a capital pool company pursuant to Policy 2.4 of the TSX Venture Exchange (the “ TSX-V”), is pleased to

announce that further to its press release dated July 23, 2020 regarding the signing of a binding letter of

intent to acquire Kingfisher Resources Ltd. (“Kingfisher”), the Company and Kingfisher have now executed

a definitive amalgamation agreement dated September 24, 2020 (the “Amalgamation Agreement”). Under

the Amalgamation Agreement, SSH and Kingfisher will complete a three-cornered amalgamation whereby

SSH will incorporate a new wholly owned subsidiary that will amalgamate with Kingfisher to form a new

company (the “Transaction”).

Pursuant to the Transaction, the Company will issue common shares in the capital of SSH (“SSH Shares”)

to the holders of Kingfisher common shares (“Kingfisher Shares”) on the basis of one SSH Share for each

Kingfisher Share at a deemed price of $0. 25 per Kingfisher Share. The Transaction is an arm’s length

transaction and there are currently 39,173,801 Kingfisher Shares outstanding. Upon the completion of the

Transaction, SSH will be the parent company (the “ Resulting Issuer ”) and it is anticipated that the

Resulting Issuer will be listed as a Tier 2 Mining issuer on the TSX -V and will carry on the business of

Kingfisher with a trading symbol of “KFR”, subject to requisite regulatory approvals.

The following sets out the names and backgrounds of all persons who are expected to be the officers and

directors of the Resulting Issuer:

Dustin Perry, CEO and Director. Mr. Perry is an exploration geologist and entrepreneur with over 13 years

in the mining sector. He has worked on over 50 exploration projects throughout British Columbia, the Yukon

and Mexico. He received a B.Sc Geology from the University of British Colu mbia and is a registered

professional geologist with the Association of Professional Engineers and Geoscientists of BC.

David Loretto, President and Director. Mr. Loretto is an exploration geologist and entrepreneur, having

received a B.Sc (Hons) in Geological Sciences from Queen’s University and was an exploration team

member on the Brucejack deposit with Pretium Resources Inc. (TSX: PVG). He has over 10 years of

experience in the resource sector working in both technical and management capacities and has been

involved with exploration in British Columbia, the United States and New Zealand. Mr. Loretto currently

serves as a director for Interlapse Technologies C orp. (TSX -V: INLA) and PLB Capital Corp. (TSX -V:

PLB.P).

Barry MacNeill, CFO . Mr. MacNeil is a member of the Chartered Professional Accountants of BC with

more than 30 years of management and accounting experience in public company, private practice, and

industry. Mr. MacNeil currently acts as CFO and Corporate Controller of TAG Oil Ltd. (TSX -V: TAO), as

CFO of Interlapse Technologies Corp. (TSX -V: INLA), and as CFO of MCX Technologies Corp. (TSX-V:

MCX).

Giuseppe (Pino) Perone, Corporate Secretary and Director. Mr. Perone is a lawyer by background and

has extensive corporate experience that stems from practicing as corporate counsel, as well as serving as

an executive and director, for various public and private companies in the resource and technology sectors.

Mr. Perone currently acts as General Counsel and Corporate Secretary of TAG Oil Ltd. (TSX -V: TAO), as

President, Corporate Secretary and a director of Interlapse Technologies Corp. (TSX -V: INLA), as CEO,

CFO, Corporate Secretary and a directo r of PLB Capital Corp. (TSX -V: PLB.P) and as a director of M CX

Technologies Corp. (TSX-V: MCX). Mr. Perone holds a B.A. from the University of Victoria and an LL.B.

SEASHORE RESOURCE PARTNERS CORP.

(TSX-V: SSH.P)

from the University of Alberta and has been a member in good standing of the Law Society of British

Columbia since 2006.

Chris Beltgens , Director. Mr. Beltgens has over 10 years of investment, business development and

corporate finance experience. Since April 2016, he has been the Vice President of Corporate Development

for TAG Oil Ltd . (TSX -V: TAO) . Prior thereto from 2013 to 2016, he was the corporate development

manager for East West Petroleum Corp. (TSX-V: EW). Mr. Beltgens previously spent six years in London

working in investment banking covering international oil & gas exploration and production companies and

where he assisted in raising capital for the sector. Mr. Beltgens has completed the CFA program, received

an MBA from the University of Toronto and a B.Sc from the University of Victoria.

Richard (Rick) Trotman, Director. Mr. Trotman is a professional geologist with a broad range of

experience within the mining industry, having worked in both buy -side and sell -side positions as well as

technically focused responsibilities with major mining companies. He was previously with Resource Capital

Funds, a leading mining-focused private equity firm, where he was involved in executing a broad range of

investments spanning the precious, base and minor metal spaces and was also responsible for establishing

and managing the firm’s portfolio of exploration investments. Prior to Resource Capital Funds, Mr. Trotman

worked as a mining industry equity research analyst in New York City and was an exploration geologist

with leading gold producers such as Barrick Gold Corp, Meridian Gold Inc. and Yamana Gold In c. in both

the USA and Mexico. Mr. Trotman currently acts as President, CEO, and a director of Barksdale Resources

Corp. (TSX-V: BRO) and holds a Master of Science in Economic Geology from the University of Nevada

Reno and a Bachelor of Science in Geology from Washington State University.

The Transaction remains subject to several terms and conditions, including, but not limited to, the

completion of a private placement, as further described below, and the approval of the TSX-V.

As noted above, it is a condition of the Transaction that SSH complete a private placement (the

“Financing”) to raise aggregate gross proceeds of not less than $1, 500,000 through the issuance of a

minimum of 6,000,000 units (each a “ Unit”). Each Unit will consist of one SSH Share and one share

purchase warrant (“SSH Warrant”). Each SSH Warrant will be exercisable at a price of $0.50 per share for

a period of 24 months. The Financing is expected to complete in conjunction with the closing of the

Transaction.

This release does not constitute an offer to sell and is not a solicitation of an offer to buy any securities in

the United States. The securities of the Company and KRL have not been and will not be registered under

the United States Securities Act of 19 33, as amended (the “ U.S. Securities Act ”) or any state securities

laws and may not be offered or sold within the United States or to U.S. Persons unless registered under

the U.S. Securities Act and applicable state securities laws unless pursuant to an ex emption from such

registration.

Trading in SSH Shares will remain halted pending the satisfaction of all applicable requirements pursuant

to Policy 2.4 of the TSX-V.

For further information, please contact:

Hugh Rogers

CEO

Seashore Resources Partners Corp.

Phone: 604-650-6162

E-Mail: [email protected]

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX -

V) accepts responsibility for the adequacy or accuracy of this release.

SEASHORE RESOURCE PARTNERS CORP.

(TSX-V: SSH.P)

Disclaimer and Forward-Looking Information

Statements contained in this release that are not historical facts are forward-looking statements that involve

various risks and uncertainty affecting the business of SSH. In making the forward-looking statements, SSH

has applied certain assumptions that are based on information available, including SSH’s strategic plan for

the near and mid-term. There can be no assurance that such information will prove to be accurate, as actual

results and future events could differ materially from those anticipated in su ch statements. Accordingly,

readers should not place undue reliance on forward-looking information. SSH does not undertake to update

any forward-looking information, except in accordance with applicable securities laws.

The TSX -V has in no way passed upon the merits of the Transaction and has neither approved nor

disapproved the contents of this news release.

All information contained in this news release relating to Kingfisher was provided by Kingfisher to the

Company for inclusion herein. The Company has not independently verified such information and shall bear

no liability for any misrepresentation contained therein.

Completion of the Transaction is subject to a number of conditions, including but not limited to, TSX -V

acceptance and if applicable purs uant to TSX -V requirements, majority of the minority shareholder

approval. Where applicable, the Transaction cannot close until the required shareholder approval is

obtained. There can be no assurance that the Transaction will be completed as proposed or a t all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement

to be prepared in connection with the Transaction, any information released or received with respect to the

Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a

capital pool company should be considered highly speculative.