30,000,000 units at $0.01 per unit, for gross proceeds up to $300,000. Each unit consists of one share and

TYMBAL RESOURCES LTD.

Suite 600-850 West Hastings Street

Vancouver, British Columbia

V6C 1E1

Tel: (604) 662-8130

NEWS RELEASE

December 22, 2021

VANCOUVER, BRITISH COLUMBIA, December 22, 2021 – Tymbal Resource s Ltd. (TSXV - TYMB)

(“Tymbal” or the “Company”). The Company reports that it has negotiate d a private placement of up to

30,000,000 units at $0.01 per unit, for gross proceeds up to $300,000. Each unit consists of one share and

one transferable share purchase warrant exercisable for 5 years. Each warrant will entitle the holder to

acquire one additional share at a price of $0.01 per share for a per iod of 5 years from the closing of the

financing. A finder’s fee is payable according to the rules set out by the TSX Ventures Exchange. The

proceeds of the private placement will be used for general working capital and to advance the Company’s

interest in the Iron Mask Mineral Claims which abut the KGHM Ajax project.

The forgoing transactions are subject to the approval of the TSX Venture Exchange.

Tymbal Resources Ltd.

Per: “Sammy Cheng”

Sammy Cheng

Director

Not for distribution to the United States newswire services or for dissemination in the United States.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.

The securities have not been and will not be regist ered under the United States Securities Act of 1933 , as amended (the “U.S.

Securities Act”) or any states securities laws and may not be offered or sold within the United States or to U.S. Persons unless

registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of

this news release.