Minfocus Announces 5 FOR 1 Consolidation

TSX.V: MFX

MINFOCUS ANNOUNCES 5 FOR 1 CONSOLIDATION

August 3, 2021 - Minfocus Exploration Corp. (TSX.V: MFX) (“Minfocus” or the “ Company”) announces

that it will consolidate its common shares at a ratio of five pre -consolidation shares to one post -

consolidation share. Fractional shares of 0.5 or greater will be rounded up to the nearest whole number

of common shares, and fractional shares of fewer than 0.5 will be rounded down to the nearest whole

number of shares. The share consolidation is subject to the approval of the TSX Venture Exchange.

The Company currently has 24,910,796 common shares issued and outstanding. Upon completion of the

consolidation, the company will have approximately 4,982,159 common shares issued and outstanding.

Some slight variance is expected due to fractional rounding. The exercise price and number of common

shares issuable upon the exercise of the Company’s outstanding stock options and warrants will be

proportionally adjusted upon completion of the consolidation in accordance with the terms thereof.

Holders of shares of the Company who hold uncertificated shares (shares held in book entry form and not

represented by a physical share certificate), either as registered holders or beneficial owners, will have

their existing book entry account(s) electronically adjusted by the Company's transfer agent or, in the case

of beneficial shareholders, by their brokerage firms, banks, trusts or other nominees that hold in street

name for their benefit. Such holders generally do not need to take any additional actions to exchange their

pre-consolidation shares for post-consolidation shares.

Registered shareholders holding share certificates will be mailed a letter of transmittal advising of the

consolidation and instructing them to surrender the share certificates representing pre -consolidation

shares for replacement certificates or a direct registration advice representing their post -consolidation

shares. Until surrendered for exchange, each share certificate formerly representing pre- consolidation

shares will be deemed to represent the number of whole post-consolidation shares to which the holder is

entitled as a result of the consolidation.

The Company does not intend to change its name or seek a new stock trading symbol in conn ection with

the Share Consolidation.

About Minfocus Exploration Corp.

Minfocus is a Canadian mineral exploration company currently advancing a portfolio of North American

precious and base metals projects, including precious metals in Nevada, USA and three Mississippi Valley-

type zinc projects in B .C. and Newfoundland and Labrador, Canada. Minfocus is led by a n unparalleled

technical team with a track record of successful exploration worldwide.

FOR FURTHER INFORMATION PLEASE CONTACT:

Alicia Milne, President and Director

Telephone: 1 (800) 482-7560

E-mail: [email protected]

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 release.