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, July 5, 2021 -- 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 5,619,714 units (the "Units") at a price of $0.35 per Unit for gross p roceeds of

$1,966,900. 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 $0.50.

Finder’s fees of $61,887 will be paid in cash and 176,820 Finder’s Warrants will be issued in connection

with the Private Placement.

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 November 3, 2021.

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

President & CEO

For Further Information Contact:

Al Fabbro

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.