SPRK.CN · 2020-11-03 12:00:00

Maxtech Ventures Closes Second Tranche of Private Placement

Financings

Vancouver, Canada – November 3, 2020 – Maxtech Ventures Inc. (“Maxtech” or the “Company“) (CSE:

MVT) (Frankfurt: M1N) (OTC: MTEHF) is pleased to announce that it has closed its second tranche of a

non-brokered private placement financing (the " Private Placement") through the issuance of Units at

$0.085 per Unit, for total combined gross proceeds of $1, 351,225 for both tranches . Dur ing the past

year the Company has raised over $2 million through its non-brokered placements.

The second tranche consists of 2,303,000 Flow Through units (the " FT- Units") at a price of $0.09 5 per

Flow Through Unit and 311,647 Non Flow Through Units (the “NTF- Units”) at a price of $0.085 per NTF-

Unit. Each Unit is comprised of one common share and one transferable share purchase warrant, with

each warrant entitling the holder to purchase one additional common share of the Company for a period

of up to 3 years at an exercise price of $0.12.

In connection with the closing of the Offering, the Company paid finder's fees of $17,064.25 and issued

181,790 finder's warrants to an arm's length third party, with each finder's warrant entitling the holder

to purchase one common share of the Company for a period of up to 3 years at a price of $0.12 per

shares.

The Company intends to use the proceeds from the Private Placement towards advancing its mineral

projects and general working capital. All securities issued under the Private Placement are subject to a

four-month and one -day hold period expiring on January 5, 2021. The Private Placement is subject to

final CSE Exchange approval.

In addition to the private placement the Company has also issue d of 195,000 shares as part of a

Consulting Agreement settlement.

About Maxtech Ventures Inc.

Maxtech Ventures Inc., a Canadian-based diversified industries corporation, is focused on identifying and

advancing high-value mineral properties.

For additional information see the Company’s web site at

http://www.maxtech-ventures.com

Phone: 604-484-0355

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Further information about the Company is available on www.SEDAR.com under the Company’s profile.