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Portofino Announces Appointment of Director; Grant of Options; Digital Media Campaign

Management Changes Share Capital & Compensation Marketing Announcement

Suite 520 – 470 Granville Street

Vancouver, BC, CANADA V6C 1V5

Telephone: 604-683-1991

Fax: 604-683-8544

www.portofinoresources.com

[email protected]

PORTOFINO

RESOURCES INC.

NEWS RELEASE

PORTOFINO ANNOUNCES APPOINTMENT OF DIRECTOR; GRANT OF OPTIONS;

DIGITAL MEDIA CAMPAIGN

Vancouver, B.C., July 14 2020. PORTOFINO RESOURCES INC. (POR: TSX -V) (POTA: FSE) (“Portofino” or

the “Company”) is pleased to announce the appointment of Mr. Brian Crawford to its Board of Directors.

Mr. Crawford is replacing Mr. Ken Cawkell as an independent director who is retiring from the Board but

will continue his involvement with the Company as a strategic advisor.

Brian Crawford, CPA, CA holds a B. Com. from the University of Toronto and has extensive experience as

a senior financial executive with public and private companies and as a partner in a national firm of

chartered professional accountants. Brian founded and/or co-founded several companies currently listed

on the TSX Venture Exchange (“TSXV”) or the Canadian Securities Exchange (“CSE”). Brian currently serves

as a Director, Corporate Secretary, and/or Chief Financial Officer of several TSX-V and CSE listed

companies including Colibri Resource Corporation, Searchlight Resources Inc., CBLT Inc., and Tempus

Capital Inc.

David Tafel, CEO of Portofino Resources comments: “I have worked with Brian in the past and look

forward to working with him in the future. Brian brings a wealth of expertise and financial connections

that I expect will be greatly beneficial to Portofino. In addition, on behalf of the Board, I would like t o

thank Ken Cawkell for his invaluable advice and contribution to the Company and wish him the best in

his future endeavors.”

Portofino also announces that in compliance with the Company’s Stock Option Plan, the Board of Directors

has granted 2 million options exercisable for up to 5 years at $0.12 to certain directors, officers and

consultants of the Company.

In addition, Portofino has engaged Native Ads Inc. to execute a comprehensive digital media marketing

campaign for the Company. This programmatic digital advertising campaign will run for a 12-month

period at a cost of approx. $150,000, and is to include content creation, web development, media buying

and distribution, advertising creative development, campaign reporting and optimization.

About Portofino Resources Inc.

Portofino is a Vancouver-based Canadian company focused on exploring and developing mineral resource

projects in the Americas. Its South of Otter and Bruce Lake projects are in the historic gold mining district

of Red Lake, Ontario proximal to the high-grade Dixie gold project owned by Great Bear Resources Ltd. In

addition, Portofino holds three northwestern Ontario gold projects; the Gold Creek property located

immediately south of the historic Shebandowan Ni -Cu mine, as well as the Sapawe West and Melema

West properties located near Atikokan. The Company also maintains an interest in prospective lithium

salar properties located within the world-renowned “Lithium Triangle” in Argentina.

ON BEHALF OF THE BOARD

“David G. Tafel”

Chief Executive Officer

For Further Information Contact:

David Tafel

CEO, Director

604-683-1991

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.

This news release may contain forward looking statements concerning future operations of Portofino Resources Inc. (the

“Company”). All forward - looking statements concerning the Company’s future plans and operations, including management’s

assessment of the Company’s project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond

the Company’s control. Investors are cautioned that any such statements are not guarantees of future performance and that

actual performance and exploration and financial results may differ materially from any estimates or projections.