Midnight Sun Mining Completes Private Placement

NOT FOR DISTRIBUTION TO THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES

MIDNIGHT SUN MINING COMPLETES PRIVATE PLACEMENT

Vancouver, British Columbia, May 26, 2020 -- Midnight Sun Mining Corp. (the "Company" or

"Midnight Sun") (TSX -V: MMA) has increased and completed its previously announced non -

brokered private placement by issuing 7,940,185 units (the "Units") at a price of $0.135 per

Unit for gross p roceeds of $1,071,925. Each Unit consists of one common share ("Common

Share") in the cap ital of the Company and one Common Share purchase warrant ( "Warrant").

Each Warrant entitles the holder to purchase one Common Share of the Company for a period

of twenty-four months from closing, at an exercise price of $0.25.

All securities issued pursuant to this private placement , including the Common Shares

underlying the Warrants, are subject to a statutory hold period which expires on September 26,

2020.

Finder’s fees of $56,577.15 will be paid in cash and 419,090 Finder’s Warrants will be issued in

connection with the Private Placement.

In total, Insiders of the Company purchased 150,000 Units for gross proceeds of $20,250.

The net proceeds of this offering will be used by the Company as general working capital.

The completion of this private placement remains subject to final acceptance by the TSX

Venture Exchange.

ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.

Al Fabbro – Lead Director & Acting Chief Executive Officer

For Further Information Contact:

Al Fabbro

Lead Director

Tel: +1 604 351 8850

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 NEW RELEASE.

These securities being offered have not been, and will not be, registered under the United States

Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sol d in the

United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities

Act) absent U.S. registration or an applicable exemption from the U.S. registration requirements. This

release does not constitute an offer for sale of securities in the United States.