CRES Completes Chala Copper Acquisition and Grants Stock Options

CREST RESOURCES INC.

S u i t e 11 00 - 5 95 H o w e S t re e t , V a n c o u v e r , B C V6 C 2 T 5

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NEWS RELEASE

CREST RESOURCES COMPLETES CHALA COPPER ACQUISITION AND GRANTS STOCK OPTIONS

Vancouver, B.C. – June 1, 2020 ‐ Crest Resources Inc. (CSE: CRES) (the “Company”) is pleased to announce

that further to its news release dated April 23, 2020, the Company has completed the acquisition of an

additional 5% interest in the Chala Copper project for consideration of 1,000,000 common shares of the

Company, which brings the Company’s total interest in the project to 73.5%.

The Company further announces that it has granted 2,975,000 incentive stock options exercisable at

$0.065 per share until June 1, 2025 to directors, officers, employees and consultants of the Company. The

stock options are subject to the acceptance of the Canadian Securities Exchange.

FOR FURTHER INFORMATION CONTACT:

Michael Collins

President and CEO

Crest Resources Inc.

Telephone: 604-681-3170

Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the policies of the Canadian

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