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Confederation Minerals Share Consolidation

Corporate Actions

CONFEDERATION MINERALS LTD.

Suite 2250, 1055 West Hastings Street, Vancouver, British Columbia, V6E 2E9

Tel: (604) 688-9588 ♦ Fax: (778) 329-9361

Confederation Minerals Share Consolidation

Vancouver, British Columbia, Canada, February 11, 2020, Confederation Minerals Ltd. (TSX-V: CFM)

(“Confederation” or the “ Company”) announces that effective as of the opening of trading on

Wednesday, February 12, 2020, the consolidated common shares of the Company will commence

trading on the TSX Venture Exchange (the “Exchange”) on the basis of one (1) post-consolidated

common share for every two (2) pre-consolidated common shares held (the “Consolidation”).

The Consolidation was authorized by the Company’s Board of Directors in accordance with its

Articles. At current date, the Company has 26,544,888 pre-consolidation common shares issued and

outstanding and the Company will have approximately 13,272,447 common shares issued and

outstanding post-consolidation. No fractional shares will be issued. Any fractional shares resulting

from the Consolidation shall be converted such that each fractional common share remaining after

conversion that is less than one-half of a common share be cancelled and each fractional common

share that is at least one-half of a common share be changed to one whole common share.

The Company’s new CUSIP number is 20716C502 and the new ISIN number is CA20716C5028. A

Letter of Transmittal with respect to the Consolidation will be mailed to registered shareholders of

the Company. The stock symbol will remain unchanged.

Registered shareholders can send their respective certificates representing the pre-consolidated

common shares along with a properly completed Letter of Transmittal to the Company’s transfer

agent, Computershare Investor Services Inc. (“Computershare”), in Toronto, Ontario, all in

accordance with the instructions provided in the Letter of Transmittal. Additional copies of the Letter

of Transmittal can be obtained through Computershare (Shareholder Services 1-800-564-6253 or by

e-mail to [email protected]). All shareholders who submit a duly completed

Letter of Transmittal along with their respective pre-consolidated share certificate(s) to

Computershare will receive in return a post-consolidated share certificate. No action is required by

non-registered shareholders (shareholders who hold their shares through an intermediary) to effect

the Consolidation.

For further information about this news release and the Company’s current activities contact

[email protected], visit our website at www.confederationmineralsltd.com or call

us at 604-688-9588.

On behalf of the Board of Directors,

Confederation Minerals Ltd.

“David Velisek”

David Velisek

CEO and Director

Neither 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.