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MY.CN ·

Montego - Resumption and Symbol change

Corporate Actions

MONTEGO RESOURCES INC.

400 – 837 West Hastings Street, Vancouver, BC, V6C 3N6

T (604) 318-0114

MONTEGO ANNOUNCES RESUMPTION AND SYMBOL CHANGE

Vancouver, BC. – July 7, 2020 – Montego Resources Inc. (CSE: MY .X; FRA: 4MO1) (the

“Company” or “Montego”) announces that, further to the Canadian Securities Exchange (“CSE”)

bulletin dated July 7, 2020, the Company will be reinstated for trading at market open on July 8,

2020. The Company has rectified the default situation that gave rise to the suspension , however,

the Company will remain an inactive issuer under the Policies of the CSE . As a result of the

Company being an inactive issuer, in accordance with CSE Policies its symbol will change from

MY to MY.X, effective as of market open on July 8, 2020.

Additional information about the Company is available under its SEDAR profile at

www.sedar.com.

For Further Information Contact

David Greenway

Interim CEO and Director

Phone: (604) 318-0114

Neither the Canadian Securities Exchange nor the Market Regulator(as that term is defined in the

policies of the CSE) accepts responsibility for the adequacy or accuracy of this News Release.

Cautionary Statement Regarding Forward-Looking Information

Forward-Looking Information This news release contains forward‐looking statements and forward‐looking

information within the meaning of applicable securities laws. These statements relate to future events or

future performance. All statements other than statem ents of historical fact may be forward‐looking

statements or information. Generally, forward -looking statements and information may be identified by

the use of forward-looking terminology such as “plans”, “ expects” or “does not expect”, “proposed”, “is

expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not

anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases

which state that certain actions, events or results may, could, would, or might occur or be achieved. More

particularly and without limitation, this news release contains forward‐looking statements and information

concerning the recommencement of the trading of the Common Shares and the change of symbol. Forward-

looking statements consist of statements that are not purely historical, including any statements regarding

beliefs, plans, expectations or intentions regarding the future. Readers are cautioned not to place undue

reliance on forward -looking statements, as there can be no assurance that the plans, intentions or

expectations upon which they are based will occur. By their nature, forward -looking statements involve

numerous assumptions, known and unknown risks and uncertainties, both general and specific that

contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking

statements will not occur. These assumptions, risks and uncertainties include, among other things,

uncertainty relating to the timing of resumption of trading or the Common Shares and the change of symbol.

Forward-looking statements contained in this press release are expressly qualified by this cautionary

statement. The forward-looking statements contained in this press release are made as of the date of this

press release. Except as required by law, the Company disclaims any intention and assumes no obligation

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

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or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or

statements made by, third parties in respect of the matters discussed above.