SKRR Exploration Inc. Announces Private Placement of up to C$1.0 Million

SKRR Exploration Inc. Announces Private Placement

of up to C$1.0 Million

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

UNITED STATES/

VANCOUVER, BC, Dec. 6, 2021 /CNW/ - SKRR Exploration Inc. (TSXV: SKRR) (OTC Pink: KKRF) (FSE:

B04Q) ("SKRR" or the "Company") is pleased to announce a non-brokered private placement (the "Offering") for

gross proceeds of up to C$1,000,000 from the sale of any combination of units of the Company (each, a "Unit") at a

price of C$0.085 per Unit and flow-through units of the Company (each, a "FT Unit") at a price of C$0.10 per FT Unit.

Each Unit will consist of one common share of the Company (each, a "Unit Share") and one half of one common

share purchase warrant (each whole warrant, a "Warrant"). Each FT Unit will consist of one common share of the

Company to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (each, a "FT

Share") and one half of one Warrant. Each Warrant will entitle the holder thereof to purchase one common share of

the Company (each, a "Warrant Share") at a price of C$0.14 for a period of 24 months following the closing date of

the Offering.

The Company intends to use the proceeds of the Offering for the exploration of the Company's projects in

Saskatchewan and for general working capital purposes. The gross proceeds from the issuance of the FT Shares will

be used for "Canadian Exploration Expenses" (within the meaning of the Income Tax Act (Canada)) (the "Qualifying

Expenditures"), which will be renounced with an effective date no later than December 31, 2021 to the purchasers of

the FT Units in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares. If the

Qualifying Expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each subscriber of

FT Units for any additional taxes payable by such subscriber as a result of the Company's failure to renounce the

Qualifying Expenditures.

The closing of the Offering is subject to receipt of all necessary regulatory approvals including the TSX Venture

Exchange. Finder's fees will be payable in accordance with the policies of the TSX Venture Exchange. The Units

Shares, FT Shares, Warrant Shares and any common shares of the Company that are issuable from any finder's

warrants will be subject to a hold period of four months and one day following the closing date of the Offering in

accordance with applicable securities laws.

The securities offered 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 U.S. state securities laws, and may not be offered or sold in the United

States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption

from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press

release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in

any other jurisdiction.

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 Offering, expected use of proceeds and,

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, the ability to secure equipment and personnel to carry out work

programs, 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 the

risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of

exploration and cost estimates and the potential for unexpected costs and expenses and those other risks filed under

the Company's profile on SEDAR at www.sedar.com. There is a possibility that future exploration, development or

mining results will not be consistent with the Company's expectations. 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, failure to secure personnel and equipment for work

programs, adverse weather and climate conditions, 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,

decrease in the price of gold and other metals, 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.

SOURCE SKRR Exploration Inc.

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%SEDAR: 00030613E

For further information: Sherman Dahl, President & CEO, Tel: 250-558-8340

CO: SKRR Exploration Inc.

CNW 08:00e 06-DEC-21