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SOMA.V ·

V6 E 3 S 7 SOMA GOLD Corp. Announces a Delay IN Filin G Ni 43 - 101 Technical Report ON the El Bagre Underground GOLD Operation and the Nechi GOLD Project

Technical Reports (NI 43-101)

SOMA GOLD CORP.

(formerly

Para

Resources, Inc.

)

970

–

10

5

0 West

Pender

Street

Vancouver, British Columbia

V6

E 3

S

7

SOMA GOLD CORP.

ANNOUNCES A DELAY IN FILIN

G NI 43

-

101 TECHNICAL

REPORT ON THE EL BAGRE UNDERGROUND GOLD OPERATION AND THE NECHI

GOLD PROJECT

June

2

, 2020

, Vancouver, B.C.

–

Soma Gold Corp (

formerly

Para

Resources Inc.

)

(the

“

Company

”

or

“

S

oma

”

) (TSXV

-

“

S

OMA

”

) (WKN

–

“

A14YF1

”

) (OTC

–

“

PRSRF

”

)

The Company

advises that

in accordance with BC Instrument 51

-

515

Temporary Exemption from Certain

Corporate Finance Requirements

of the British Columbia Securities Commission (the "Blanket

Exemption Order") which

w

as adopted for the purpose of providing certain filing and other

relief to issuers in light of the challenges posed by the COVID

-

19 pandemic, it is

relying on the

Blanket Exemption Order to

extend the filing date on SEDAR of the

NI 43

-

101 Technical Report

on the El Bagre Underground Gold Operation and the Nechi Gold Project, Department of

Antioquia, Colombia

,

past the 45 day time frame

(which would have been June 1, 2020).

The

Report

is expected to

be filed on SEDAR by June 5,

2020.

The Company’s insider

s

remain in a trading blackout in accordance with the Blanket Exemption

Order.

ABOUT

SOMA

:

Soma

is a junior gold mining and exploration company. The Company owns

a mining

project

in Colombia

called El Limon. A Definitive Agreement has been entered into t

o

purchase the adjacent operating mine

call

ed

La Ye. The La Ye mine is currently operating and generating positive cash flow. Internally

generated funds will be used to finance a regional exploration program.

Soma

’s management team is seasoned and prov

e

n, having discovered, built, managed and sold several

different mines over the last 40 years.

On behalf of the Board of Directors

“

C. Geoffrey Hampson

”

C. Geoffrey Hampson,

Executive

Chairman

of the Board

For further informati

on, please contac

t

Andrea Laird,

t

elephone: +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.