McLaren Resources Arranges Financing

NEWS RELEASE

FOR IMMEDIATE RELEASE

June 30, 2020

Toronto, Ontario

McLaren Resources Arranges Financing

Toronto, ON: McLaren Resources Inc. (“McLaren” / the “Company”) (CSE: MCL, Frankfurt:

3ML, OTC: MLRNF) announces a non-brokered private placement of flow-through share units

(the “Flow-Through Units”) and common share units (the “Common Share Units”) for aggregated

gross proceeds of up to $500,000. Both the flow-through units and common share units will be

issued at a price of $0.05 per unit. Each Flow-Through Unit consists of one common share in the

capital of McLaren issued on a flow-through basis pursuant to the Income Tax Act (Canada) and

one-half of one common share purchase warrant. Each Common Share Unit consists of one

common share in the capital of McLaren and one common share purchase warrant. Each whole

warrant is exercisable at a price of $0.10 per common share for a period of 18 months from the

date of issuance.

Gross proceeds from the Flow-Through Units will be used by the McLaren for exploration

expenditures on its gold properties located in the Timmins Gold District in Northern Ontario. Gross

proceeds from the Common Share Units will be used for general corporate purposes and property

expenditures.

About McLaren

McLaren is focused on exploring its gold properties located in the Timmins Gold District of

Northeastern Ontario. The McCool Property located 2 km north of Highway 101 and neighbours

several large gold deposits including the Golden Highway project property 1km to the south and

the Fen Gib gold project 5 km to the east. The Black Fox mine is 15 km to the west and the Hope

Mine Complex is 20 km to the east. The McLaren Blue Quartz Property is 6 km north of Black

Fox Mine, and the McLaren Kerrs Property is 10 km east of the Blue Quartz Property.

For more information, please contact: Radovan Danilovsky, President, Phone: 416-203-6784,

www.mclarenresources.com

MCLAREN RESOURCES INC.

44 Victoria Street, Suite 1616

Toronto, Ontario M5C 1Y2

The Canadian Securities Exchange has neither approved nor disapproved the contents of the press

release. The Canadian Securities Exchange does not accept responsibility for the adequacy or

accuracy of this release.

Certain statements contained in this news release constitute "forward looking statements". When

used in this document, the words "anticipated", "expect", "estimated", "forecast", "planned", and

similar expressions are intended to identify forward looking statements or information. These

statements are based on current expectations of management; however, they are subject to known

and unknown risks, uncertainties and other factors that may cause actual results to differ

materially from the forward-looking statements in this news release. Readers are cautioned not to

place undue reliance on these statements. McLaren Resour ces Inc. does not undertake any

obligation to revise or update any forward-looking statements as a result of new information,

future events or otherwise after the date hereof, except as required by securities laws.