MRZ.V · 2020-08-25 12:00:00

Mirasol Announces Retirement of Chairperson

Management Changes

NEWS RELEASE

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www.mirasolresources.com

Mirasol Announces Retirement of Chairperson

VANCOUVER, BC, August 25, 2020 — Mirasol Resources Ltd. (TSX-V: MRZ) (OTCPK: MRZLF) (the “Company” or

“Mirasol”) today announced that the Company’s Chairperson, Mr. Dana Prince, has advised the Board that he

will be retiring as Chair effective August 31, 2020. Mr. Prince has been Chair for the past five years and has

confirmed his willingness to continue as an ordinary director of the Company.

The Company also announces that the Board has formed an ad hoc committee to immediately commence the

search for a new director who will assume the Chair. In the interim, director Mr. Patrick Evans will serve as Chair.

Mirasol’s President and CEO, Mr. Norm Pitcher, commented: “We thank Dana for his long service as Chair of

Mirasol and are pleased that he will continue serving as a non-executive director of the Company. As Chair, Dana

successfully guided the Company through a period of transition, which has secured Mirasol’s position as a leading

project generator and explorer in Chile and Argentina”.

About Mirasol Resources Ltd

Mirasol is a premier project generation company that is focused on the discovery and development of profitable

precious metal and copper deposits, operating via a hybrid joint venture and self-funded drilling business model.

Strategic joint ventures with precious metal producers have enabled Mirasol to maintain a tight share structure

while advancing its priority projects that are focused in high -potential regions in Chile and Argentina. Mirasol

employs an integrated generative and on -ground exploration approach, combining leading -edge technologies

and experienced exploration geoscientists to maximize the potential for discovery. Mirasol is in a strong financial

position and has a significant portfolio of exploration projects located within the Tertiary Age Mineral belts of

Chile and the Jurassic age gold and silver district of Santa Cruz Province Argentina.

For further information, contact:

Norm Pitcher, President and CEO

Jonathan Rosset, VP Corporate Development

Tel: +1 (604) 602-9989

Website: www.mirasolresources.com