Soma Gold Announces a Theft at the La Ye Mine in El Bagre, Colombia

Soma Gold Announces a Theft at the La Ye Mine in El

Bagre, Colombia

Vancouver, British Columbia--(Newsfile Corp. - June 12, 2020) -

Soma Gold Corp.

(TSXV: SOMA) (WKN: A14YF1) (OTC:

PRSRF)

(formerly

Para Resources Inc.) (the "Company" or "Soma") announces that a robbery occurred at the Company's wholly

owned La Ye Mine in El Bagre, Colombia, on June 10

th

. An armed group of individuals entered the mine site after a gold pour

but before the doré was transported by helicopter to the refinery in Medellin. No employee was injured during the theft but the

thieves were able to steal a doré bar of 475 equivalent gold ounces. The Police and Colombian Military have been to site and an

active investigation is underway. The gold was insured and the Company expects a full recovery.

Javier Cordova, the Company's CEO, states, "the thieves took advantage of a change in the protocols during the transition as a

result of the recent acquisition of Operadora by Soma. New protocols and a full security review have been instituted."

ABOUT SOMA GOLD:

Soma is a junior gold mining and exploration company. The Company owns two adjacent mining properties in Antioquia,

Colombia with a combined milling capacity of 675 tpd.

The La Ye mine is currently operating and producing and the El Limon

mine and mill are scheduled to begin operating in Q1 2021. Internally generated funds will be used to finance a regional

exploration program.

The Company also owns an exploration and development property near Tucuma, Para State, Brazil.

On behalf of the Board of Directors

"Javier Cordova Unda"

Chief Executive Officer and President

For further information, please contact Andrea Laird, telephone: +1-604-259-0302

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.

All statements, analysis and other information contained in this press release about anticipated future events or results constitute

forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek",

"anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should",

"could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and

economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those

contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management

at the date the statements are made. The company does not undertake any obligation to update forward-looking statements

even if circumstances or management's estimates or opinions should change except as required by applicable laws. Investors

should not place undue reliance on forward-looking statements.

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

https://www.newsfilecorp.com/release/57760