Scottie Resources Announces Private Placement – Geneva-Based Family Office to Increase Holdings to 9.9%

SCOTTIE RESOURCES ANNOUNCES PRIVATE PLACEMENT –

GENEVA-BASED FAMILY OFFICE TO INCREASE HOLDINGS TO 9.9%

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED

STATES.

Vancouver, BC – June 1, 2020 – Scottie Resources Corp. (“Scottie” or the “ Company”) (TSXV:

SCOT), is pleased to announce a single issue non-brokered private placement offering of up to

4,400,000 units (each a “Unit”) at a price of $0.22 per Unit, for gross proceeds of up to $968,000

(the “ Offering”). Each Unit consists of one common share and one half of one common share

purchase warrant (each whole warrant a “ Warrant”). Each Warrant will be exercisable into one

common share of the Company at a price of $0.34 for a period of two years from closing. If fully

subscribed, the Offering will increase the position of a Geneva-based family office to an approximate

9.9% ownership of Scottie Resources on a partially diluted basis.

The proceeds raised by the Company from the Offering will be used to strategically advance the

Company’s mineral properties, located in the Golden Triangle region of British Columbia, and for

working capital.

CEO, Bradley Rourke commented “We are happy to increase the position of one of our European

partners to 9.9% in advance of our upcoming drill program. The proceeds from this financing will

provide opportunity for Scottie to advance our projects in the southern Golden Triangle. We are

fortunate to have the continued support of our existing shareholders, and look forward to delivering

another successful exploration program.”

Finder's fees of 6% cash and 6% finder’s warrants will be paid in connection with the completion of

the Offering, in accordance with TSX Venture Exchange policies.

The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of

all necessary approvals, including the approval of the TSX Venture Exchange.

All of the securities issuable pursuant to the Offering will be subject to a four-month hold period from

the date of closing.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the

securities in the United States. The securities have not been and will not be registered under the

United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities

laws and may not be offered or sold within the United States or to U.S. Persons unless registered

under the U.S. Securities Act and applicable state securities laws or an exemption from such

registration is available.

ABOUT SCOTTIE RESOURCES CORP.

Scottie owns over 24,000 hectares in the prolific Golden Triangle region of British Columbia,

including a 100% interest in the high- grade, past-producing Scottie Gold Mine and Bow properties

and has the option to purchase a 100% interest in Summit Lake claims which are contiguous with

the Scottie Gold Mine property. Scottie also owns 100% interest in the Cambria Project properties

and the Sulu property.

All of the Company’s properties are located in the area known as the Golden Triangle of British

Columbia which is among the world’s most prolific mineralized districts.

Further information on Scottie can be found on the Company’s website at

http://www.scottieresources.com and at www.sedar.com, or by contacting Bradley Rourke,

President and CEO at (250) 877- 9902 or Rahim Lakha, Corporate Development at (416) 414 -

9954.

Forward Looking Statements

This news release may contain forward‐ looking statements. Forward looking statements are

statements that are not historical facts and are generally, but not always, identified by the words

“expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar

expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although

the Company believes the expectations expressed in such forward‐looking statements are based on

reasonable assumptions, such statements are not guarantees of future performance and actual

results may differ materially from those in forward looking statements. Forward‐ looking statements

are based on the beliefs, estimates and opini ons of the Company’s management on the date such

statements were made. The Company expressly disclaims any intention or obligation to update or

revise any forward‐ looking statements whether as a result of new information, future events or

otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined

in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy

of this release.