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Minfocus Announces Change to Board of Directors and Effective Date of Share Consolidation

Management Changes Corporate Actions

TSX.V: MFX

MINFOCUS ANNOUNCES CHANGE TO BOARD OF DIRECTORS

AND EFFECTIVE DATE OF SHARE CONSOLIDATION

August 13, 2021 - Minfocus Exploration Corp. (TSX.V: MFX) (“Minfocus” or the “Company”) is pleased to

announce the appointment of Kevin Bottomley to the Company’s Board of Directors. Mr. Bottomley is an

accomplished capital markets advisor , successfully raising over $100M over the span of 15 years with a

primary focus on early -stage opportunities . The founder of Corvidian Capital, he has cultivated strong

relationships with a broad base of investors based in North America.

Dr. Graham Wilson has stepped down as a director of the Company, effective immediately.

Alicia Milne, Minfocus President and CEO, commented, "Graham has been a core member of the Minfocus

team since its public listing in 2012 and has made many key contributions to the Company. On behalf of

the Board of Directors, we thank him for his long-standing dedication and guidance."

Minfocus also announces that , further to its news release of August 3, 2021, the TSX Venture Exchange

has approved the consolida tion of the common shares of the Company (each, a “ Share”) on the basis of

five (5 ) pre-consolidation Shares for one (1) post -consolidation Share (the “Consolidation”). The

Consolidation will become effective at the opening of the market on August 1 7, 2021 at which point the

total issued and outstanding of the Company will be 4,982,159 Shares, subject to adjustments for

rounding.

Letters of transmittal will be mailed to registered shareholders providing instructions on exchanging pre-

consolidation share certificates for post-consolidation share certificates. Minfocus shall continue to trade

on the TSX Venture Exchange under the symbol “MFX”.

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, Canada. Minfocus is led by an 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.