Minkap Announces Offering of Units

MINKAP RESOURCES INC.

133 Richmond Street West, Suite 501, Toronto, ON M5H 2L3 Canada TSXV: KAP

MINKAP ANNOUNCES OFFERING OF UNITS

Toronto, Ontario, August 8, 2019 – MinKap Resources Inc. (TSX-V:KAP) (“MinKap” or the “Company”)

announces that it intends to complete a non-brokered private placement offering of up to 5,000,000 units

(“Units”) at a price of $0.05 per Unit, for gross proceeds of up to $250,000 (the “Offering”).

Each Unit will consist of one common share (each, a “Common Share ”) and one common share purcha se

warrant (each, a “ Warrant”), with each Warrant entitling t he holder thereof to purchase one additional

Common Share at a price of $0.10 for a period of twenty- four (24) months from the date of issuance. All

securities to be issued under the Offering will be subject to a four month and one day statutory hold period.

The Company intends to use the proceeds from the Offering for general working capital purposes.

The closing of the Offering is anticipated to take place on or about August 30, 2019, or such other later date

as the Company may agree. The closing is subject to receipt of all approvals required by the parties, including

that of the TSX Venture Exchange.

On behalf of the Board of Directors

MinKap Resources Inc.

Jonathan Armes

President & CEO

Phone 1 (416) 708-0243

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 press release.

This press release contains forward -looking statements within the meaning of applicable Canadian and U.S. securities laws and

regulations, including statements regarding the future activities of the Company. Forward looking statements reflect the cur rent

beliefs and expectations of management and are identified by the use of words including “will”, “anticipates”, “expected to”,

“plans”, “planned” and other similar words. Actual results may differ significantly. The achievement of the results express ed in

forward-looking statements is subject to a number of risks, including those described in the Company’s management discussion

and analysis as filed with the Canadian securities regulatory authorities which are available at www.sedar.com. Investors ar e

cautioned not to place undue reliance upon forward-looking statements.