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Termination of Letter of Intent with Alpha North

Mergers & Acquisitions

LEGAL*50396455.1

KARAM MINERALS INC.

Suite 915 – 700 West Pender Street

Vancouver, BC V6C 1G8

Tel: 604-646-1553

Termination of Letter of Intent with Alpha North

VANCOUVER, CANADA – (July 16, 2020) – Karam Minerals Inc. (the “ Company” or “ KMI”) (CSE:KMI)

announces the termination of its letter of intent with Alpha North Esports & Entertainment Inc. (“ Alpha

North”) dated May 22, 2020 (the “LOI”) by mutual agreement of the parties.

For further information please contact:

Michael Sadhra

Chief Executive Officer

Phone: 604-218-6281

Email: [email protected]

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS

RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.