Company intends to complete a non-brokered private placement financing of up to 10 million units of the

TYMBAL RESOURCES LTD.

Suite 600-850 West Hastings Street

Vancouver, British Columbia

V6C 1E1

Tel: (604) 662-8130

NEWS RELEASE

October 22, 2019

VANCOUVER, BRITISH COLUMBIA, October 22, 2019 – Tymbal Resources L td. (TSXV - TYMB)

(“Tymbal” or the “Company”). In connection with Company’s news releas e dated September 6, 2019, the

Company intends to complete a non-brokered private placement financing of up to 10 million units of the

Company at a price of 5 cents per unit, for gross proceeds up to $500,000.00. Each unit will consist of one

common share and one transferable share purchase warrant. Each warrant will entitle the holder to acquire

one additional share at a price of 5 cents per share for a period of five years from the closing of the

financing. The proceeds of the private placement will be used for gene ral 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.