Minfocus Exploration Completes Private Placement Financing

TSX.V: MFX

MINFOCUS EXPLORATION COMPLETES PRIVATE PLACEMENT FINANCING

July 3, 2020 - Vancouver, B.C., Minfocus Exploration Inc. (TSX.V: MFX) (“Minfocus” or the “Company”) announces

the completion of its previously announced private placement through the issuance of 5,900,000 units at a price

of $0.03 per unit for aggregate proceeds of $177,000. Each unit consists of one common share of the Company (a

“Share”) and one share purchase warrant with each share purchase warrant (a “Warrant”) entitling the holder to

acquire one common share of the Company at a price of $0.05 until July 3, 2022. All securities issued are subject

to a hold period expiring on November 4, 2020. The proceeds of the private placement will be used toward general

working capital.

About Minfocus Exploration Corp.

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

and base metals projects, incl uding gold in Nevada, USA and three Mississippi Valley-type zinc projects in British

Columbia and Newfoundland, Canada. Minfocus is led by a highly experienced technical team with a track record

of success in exploration worldwide.

FOR FURTHER INFORMATION PLEASE CONTACT:

Alicia Milne

President and Director

Telephone: 1 (604) 808-5282

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.