MRZ.V · 2019-11-08 12:00:00

Mirasol Grants Compensation Securities

Corporate Updates

NEWS RELEASE

VANCOUVER, BC, November 08, 2019 — Mirasol Resources Ltd. (TSX-V: MRZ, OTCPK: MRZLF ) (the “Company”

or “Mirasol”) announced the grant of stock options under its Equity I ncentive Plan for certain key members of

its management team as long -term incentives and to align interest with shareholders. A total of 1,410,000

options were granted which are exercisable at $0.52 per share for a period of four years. The options are subject

to vesting restrictions over a 3 year period.

The Mirasol Board also approved a short-term incentive structure. Key members of management may be entitled

to receive bonuses up to a fixed percentage of the individual’s salary, at the end of each fiscal year, provided that

certain prescribed corporate and personal performance objectives are attained. The bonuses, if earned, shall be

payable in a combination (50% each) of cash and restricted share units (“ RSUs”). The number of RSUs to be

issued will be determined by dividing 50% of the cash value of the bonus by the closing price of the common

shares on the last trading day before the end of the fiscal year. The RSUs shall vest on the date they are issued.

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 th e Tertiary Age Mineral belts of

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

For further information, contact:

Dana Prince, Chairman

Jonathan Rosset, VP Corporate Development

Tel: +1 (604) 602-9989

Website: www.mirasolresources.com

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 release .