Central Timmins Exploration Corp. Announces

Central Timmins Exploration Corp. Announces

Grant of Stock Options

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TORONTO

,

Aug. 14, 2020

/CNW/ -

Central Timmins Exploration Corp.

("CTEC" or the

"Company") (TSXV: CTEC) reports that pursuant to its Stock Option Plan, it has granted stock

options to directors, officers and consultants of the Company to purchase an aggregate of 900,000

common shares in the capital of the Company at an exercise price of

$0.61

per share which expire

on

August 12

, 2022. Following this stock option grant, the Company has a total of 2,359,999 stock

options outstanding representing approximately 9.2% of the outstanding common shares of the

Company. This stock option grant is subject to acceptance by the TSX Venture Exchange.

About Central Timmins Exploration Corp.

CTEC is an early-stage Canadian junior exploration company focused on precious metals exploration

and development.

Forward Looking Information

This press release contains "forward-looking information" within the meaning of applicable securities

laws that is intended to be covered by the safe harbours created by those laws. "Forward-looking

information" includes statements that use forward-looking terminology such as "may", "will", "expect",

"anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or

comparable terminology. Such forward-looking information includes, without limitation, the

Company's expectations, strategies and plans for its exploration properties, including the Company's

planned expenditures and exploration activities.

Forward-looking information is not a guarantee of future performance and is based upon a number

of estimates and assumptions of management at the date the statements are made. Furthermore,

such forward-looking information involves a variety of known and unknown risks, uncertainties and

other factors which may cause the actual plans, intentions, activities, results, performance or

achievements of the Corporation to be materially different from any future plans, intentions,

activities, results, performance or achievements expressed or implied by such forward-looking

information. See "Risk Factors" in the Corporation's final prospectus dated

October 4, 2018

filed on

SEDAR at

www.sedar.com

for a discussion of these risks.

The Corporation cautions that there can be no assurance that forward-looking information will prove

to be accurate, as actual results and future events could differ materially from those anticipated in

such information. Accordingly, investors should not place undue reliance on forward-looking

information.

Except as required by law, the Corporation does not assume any obligation to release publicly any

revisions to forward-looking information contained in this press release to reflect events or

circumstances after the date hereof.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of

the Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE

Central Timmins Exploration Corp

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For further information:

Central Timmins Exploration Corp., Joseph Ovsenek, President, CEO and

Chairman, [email protected], Tel: +1 (604) 765-3424; Chris Hopkins, CFO,

[email protected], Tel: 416 786 9793

CO: Central Timmins Exploration Corp

CNW 05:00e 14-AUG-20