Phase One Field Work Completed on the Olson Gold Project, Northern Saskatchewan

Phase One Field Work Completed on the Olson

Gold Project, Northern Saskatchewan

Vancouver, British Columbia--(Newsfile Corp. - July 27, 2020) -

SKRR Exploration Inc. (

TSXV:

SKRR

) ("

SKRR

" or the "

Company

") is pleased to announce the completion of the first phase of the

2020 exploration program on the Olson property (the "

Property

") located 100 km east of La Ronge,

northern Saskatchewan. Under the terms of the option agreement with Eagle Plains Resources Ltd.

("

Eagle Plains

"), SKRR may earn-in up to a 75% interest in the Property.

Phase One fieldwork was designed to define targets for a follow-up diamond drilling program planned

for the Fall 2020 season.

The program consisted of a ground DC resistivity / IP geophysical survey in

conjunction with geological fieldwork that included detailed prospecting and mapping, infill soil

geochemical sampling and channel sampling of trenches (see SKRR's news release dated June 2,

2020).

Phase One Work Summary

Phase One fieldwork was designed to define targets for an upcoming diamond drilling program planned

for Fall, 2020.

Between June 1

st

to 11

th

, 2020 Discovery International Geophysics completed 13 lines

(8.6 line kilometers total) of a combined IP/ DC resistivity geophysical survey over the Point, Tuscan and

Juba areas. This was followed by a 13 day geological field program carried out by Terralogic

Exploration Inc. Soil sampling, prospecting, field mapping, and channel sampling were undertaken to

delineate new areas of gold mineralization as well as advance known showings to identify and prioritize

drill targets.

In total, 484 gridded soil samples were collected at the Point, Tuscan, Ackbar, Jena and Juba showing

areas. Mapping and prospecting work was conducted to confirm gold mineralization at both known

showings and in underexplored areas of the Property. The Juba, Jena, Point, Ackbar, Tuscan, Olson,

and Dosko-Siskin were sampled, with channel sampling completed at the Point and Juba showings.

All 2020 analytical and geochemical results are pending and results will be released as they are

received, compiled and interpreted.

Permitting is underway with the Saskatchewan Ministry of Environment for a Fall, 2020 diamond drilling

program.

Olson Project Summary:

The Olson project is host to regionally-sheared, highly-strained meta-volcanic rocks which are

considered to be prospective for orogenic gold mineralization. The Olson project area is located within

the Trans Hudson Orogeny, a prolific belt of rocks stretching from the Dakotas to James Bay, hosting

gold deposits such as the historic Homestake Mine (43.9 M oz) and nearby Seabee and Santoy gold

deposits, owned by SSR Mining. Olson is host to 29 mineral occurrences defined by historical

geological mapping, prospecting, trenching and 4700 m of diamond drilling. Historical drilling at Olson

Lake has intersected 7.5 m grading 2.07 g/t Au including 13.00 g/t Au over 0.65 m and grab samples of

up to 105.52 g/t Au have been collected at the Kalix occurrence. The project is considered to be

significantly underexplored, with known gold occurrences open at depth and along strike. Results are

historical in nature and have not been confirmed by Eagle Plains or SKRR but are considered to be

reliable and will form a basis for ongoing work. Management cautions that past results or discoveries on

proximate land are not necessarily indicative of the results that may be achieved on the Olson property.

In 2018, Eagle Plains completed a detailed compilation of existing data, followed by a 2-Phase,

$150,000 field program which consisted of geological mapping and prospecting and the collection of a

total of 862 soil samples and 126 rock samples. This program verified the results of historical work and

identified additional targets in areas that were previously unexplored. Grid soil geochemistry at the Jena

and Point areas returned extensive gold in soil anomalies. Soil geochemical values ranged from below

detection to a maximum of 2704.6 ppb Au, with 6 samples returning greater than 1000 ppb Au. In the

Jena area, soil geochemistry delineated a 1.4 km strike length of anomalous soil results greater than 80

ppb Au with a maximum of 1346 ppb Au. The Ackbar-Tuscan-Point area also returned promising results,

with a 300m by 100m zone returning values greater than 80 ppb Au and a maximum of 2704.6 ppb Au.

Soil geochemistry at the Olson and Juba showing areas returned lower values, likely related to thick clay

and soil cover in these areas.

Fieldwork in the areas of anomalous soil geochemistry identified gold mineralization associated with

shear-hosted quartz veins. Analytical results from outcrop ranged from below detection to a maximum of

45.1 g/t Au, with 20 grab samples returning greater than 1000 ppb Au. The Olson area had a maximum

assay of 41.0 g/t Au from an outcrop grab sample of sheeted veins. The Jena area had 20 samples in

excess of 1000 ppb Au with a maximum assay of 15.7 g/t Au from quartz-arsenopyrite veins. At the Juba

occurrence, a grab sample returned 13.1 g/t Au. Mineralization at the Point and Tuscan area returned

maximum values of 9.8 g/t Au at the Point and 45.1 g/t Au at Tuscan.

SKRR also announces that it has entered into a consulting agreement with

IR Media Services Inc.

("I

RM

"), a media and advertising consultancy, to provide communication and awareness services to

SKRR in North America.

About IR Media Services Inc.

IR Media is a communication and media buying consultancy focused exclusively on consumer

communications. IRM helps companies diversify their communication programs with media awareness

campaigns in North America and Europe.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved

by Ross McElroy P.Geol, a director of the Company and a "Qualified Person" as defined in National

Instrument 43-101 -

Standards of Disclosure

for Mineral Projects

. Mr. McElroy verified the data

disclosed which includes a review of the analytical and test data underlying the information and opinions

contained therein.

About SKRR Exploration Inc.:

SKRR is a Canadian-based precious metal explorer with properties in Saskatchewan - one of the

world's highest ranked mining jurisdictions. The primary exploration focus is on the Trans-Hudson

Corridor in Saskatchewan in search of world class precious metal deposits.

The Trans-Hudson Orogen -

although extremely well known in geological terms has been significantly under-explored in

Saskatchewan.

SKRR is committed to all stakeholders including shareholders, all its partners and the

environment in which it operates.

ON BEHALF OF THE BOARD

Sherman Dahl

President & CEO

Tel: 250-558-8340

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.

Forward-Looking Information

This news release contains "forward-looking information or statements" within the meaning of applicable

securities laws, which may include, without limitation, statements that address the planned drilling on the

Olson property, obtaining permits, and work on other properties, other statements relating to the

technical, financial and business prospects of the Company, its projects and other matters. All

statements in this news release, other than statements of historical facts, that address events or

developments that the Company expects to occur, are forward-looking statements. 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 the forward-looking statements. Such statements and information are

based on numerous assumptions regarding present and future business strategies and the environment

in which the Company will operate in the future, including the price of metals, the ability to achieve its

goals, that general business and economic conditions will not change in a material adverse manner, that

financing will be available if and when needed and on reasonable terms. Such forward-looking

information reflects the Company's views with respect to future events and is subject to risks,

uncertainties and assumptions, including those filed under the Company's profile on SEDAR at

www.sedar.com

. Factors that could cause actual results to differ materially from those in forward looking

statements include, but are not limited to, continued availability of capital and financing and general

economic, market or business conditions, adverse weather conditions, equipment failures, failure to

maintain all necessary government permits, approvals and authorizations, the impact of Covid-19 or

other viruses and diseases on the Company's ability to operate, failure to maintain community

acceptance (including First Nations), increase in costs, litigation, and failure of counterparties to perform

their contractual obligations. The Company does not undertake to update forward-looking statements or

forward-looking information, except as required by law.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/60537