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Lupaka Announces Transfer in Ownership of Senior Creditor

Corporate Updates

Lupaka Announces Transfer in Ownership of Senior Creditor

VANCOUVER, BRITISH COLUMBIA, July 2, 2019 – Lupaka Gold Corp. ("Lupaka

Gold" or the “Company") (TSX-V: LPK, FRA: LQP) is announcing the change of

ownership of PLI Huara Holdings L.P. (“PLI”), the creditor to the Company under the

existing prepaid gold purchase agreement. Lupaka was advised on July 1, 2019 that PLI

had been sold to Lonely Mountain Resources S.A.C. (“Lonely Mountain”) by the

previous owner, Pandion Mine Finance. The Company looks forward to working with

Lonely Mountain.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term

is defined in the policies of the TSX Venture Exchange) accepts responsibility for

the adequacy of this news release.

About Lupaka Gold

Lupaka is an active Canadian-based company focused on creating shareholder value

through discoveries and strategic development of the Invicta development project, located

in Peru, approximately 120 kilometres north of Lima.

FOR FURTHER INFORMATION PLEASE CONTACT:

Will Ansley, President & C.E.O.

[email protected]

Tel: (416) 862-5257

or visit the Company’s profile at www.sedar.com or its website at www.lupakagold.com