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OZ.V ·

Skarb Exploration Builds Out Management Team

Management Changes

(SKRB-CSE)

FOR IMMEDIATE RELEASE December 1, 2020

SKARB EXPLORATION BUILDS OUT MANAGEMENT TEAM

Vancouver, British Columbia (December 1, 2020) – Skarb Exploration Corp. (CSE: SKRB) (“Skarb”

or the “Company”) is pleased to announce that Ms. Penny Jaski will join the board of Outback Goldfields

Australia Corp. (a wholly owned subsidiary) and will act as Director, Community and Government

Relations. The company is also pleased that Christopher Leslie will be joining the technical team as Senior

Consulting Geologist.

“Modern exploration and mining demands that relationships with the local community, traditional owners,

governments and all stakeholders be transparent, honest and in good faith. I could not be more gratified

that Penny has agreed to join our team and ensure that our Company operates responsibly in all facets of

our operations” stated Chris Donaldson, CEO. “I am also pleased that Christopher Leslie is joining our

technical team and in conjunction with our Australian technical advisors will direct our geological

modelling and exploration programs from our Vancouver office.”

About Penny Jaski

Penny Jaski, B.Sc (Public Relations and Politics) has over 20 years’ experience in community and

stakeholder relations and government affairs, including 15 years in mining with Rio Tinto.

Penny commenced her career in local government working as a community relations officer across several

municipalities in Western Australia, before moving into the area of Native Title where she worked with a

number of indigenous communities in the Goldfields and Western Desert regions to progress their native

title claims.

Penny later joined Rio Tinto as a community relations specialist, working across exploration projects in

Western Australia and South Australia and was later appointed Manager of Community Affairs for the

Pilbara iron ore operations with the responsibility for township relations, cultural heritage management and

the implementation of land use agreements.

Penny then moved to Melbourne where she provided specialist community affairs advice to Rio Tinto

business units across Australia and also held responsibility as the Executive Officer of the Rio Tinto

Indigenous Fund and managed the national indigenous cadetship program.

About Christopher Leslie

Christopher Leslie, M.Sc., P.Geo., is an economic geologist with over 13 years of experience in mineral

exploration primarily focussed on the discovery and advancement of gold deposits. He was most recently

Vice President Exploration for Tower Resources Ltd., where he assembled and helped advance a portfolio

of gold projects throughout British Columbia. Prior to joinin g Tower, Mr. Leslie was Senior Project

Geologist for Richfield Ventures Corp. where he was an integral member of the d iscovery team at the

Blackwater Gold project where he supervised the exploration and initial resource delineation drill programs

that lead to the most recent mineral reserve estimate of 8.2 Moz gold. Prior to Richfield, Mr. Leslie was

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involved in mineral exploration and government geoscience, working on numerous deposit styles both in

grassroots exploration and in production. He is currently finishing his Ph.D. at the Centre for Ore Deposit

and Earth Sciences (CODES) at the University of Tasmania. He has an M.Sc. in geological sciences from

the University of British Columbia and a B.Sc. in geological sciences from the University of Alberta. Mr.

Leslie is a registered Professional Geoscientist with Engineers & Geoscientists British Columbia.

About Skarb Exploration Corp.

Skarb Exploration (the "Company"), soon to be re-named Outback Goldfields Corp. (subject to regulatory

approval),is a well financed exploration mining company with over $10 million in the treasury. The

Company has entered into an agreement to acquire a package of highly prospective gold projects located in

and around the Fosterville Gold Mine in Victoria, Australia from Petratherm Ltd. (ASX: PTR). The

goldfields of Fosterville are home to some of the highest grade and lowest cost mining in the world.

On behalf of the board,

~signed

Chris Donaldson, CEO and Director

Corporate Enquiries:

Email: [email protected]

Investor Relations Enquiries:

Tel: +1.778.999.4653

Email: [email protected]

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking

statements include, but are not limited to, statements with respect to: the terms and conditions of the proposed Transaction; the

terms and conditions of the proposed Private Placement; use of proceeds from the Private Placement; and the business and

operations of the Company after the proposed Transaction. Forward-looking statements are necessarily based upon a number of

estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other

factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-

looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and soci al

uncertainties; delay or failure to receive board, shareholder or regulatory approvals; the price of gold and copper; and the results of

current exploration. There can be no assurance that such statements will prove to be accurate, as actual results and future events

could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-

looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether

as a result of new information, future events or otherwise, except as required by law.

Completion of the Transaction is subject to a number of conditions. The Transaction cannot close unless such conditions are

satisfied or waived. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the listing statement to be prepared in connection with the Transaction, any

information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon.

The Canadian Securities Exchange has in no way passed upon the merits of the proposed Transaction and has neither approved nor

disapproved the contents of this news release.