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SML.V ·

Southstone Reports Shares FOR Debt Settlement

Share Capital & Compensation

1

Southstone Minerals Limited

202 – 5626 Larch Street

Vancouver, British Columbia, V6M 4E1

TSX Venture: SML

www.southstoneminerals.com

SOUTHSTONE REPORTS SHARES FOR DEBT SETTLEMENT

VANCOUVER, BRITISH COLUMBIA — 13 October 2020 – Southstone Minerals Limited (“Southstone” or the

“Company”) (TSX.V – SML) announces that it has agreed to settle outstanding indebtedness to a director of the

Company in the sum of C$ 226,500 by the issuance of an aggregate of 4,530,000 common shares in the capital

stock of the Company at a price of $0.05 per share, which transaction is subject to the approval of the TSX

Venture Exchange.

BOARD OF DIRECTORS OF

SOUTHSTONE MINERALS LIMITED

[email protected]

Neither 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.