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STE.V ·

Starr PEAK Announces Increasing Its $1,000,000 Flow-Through Financing to $1,110,000

Financings

STARR PEAK ANNOUNCES INCREASING ITS $1,000,000

FLOW-THROUGH FINANCING TO $1,110,000

Vancouver, British Columbia – August 4, 2020 – Starr Peak Exploration Ltd. ("Starr

Peak" or the "Company") (TSX VENTURE:STE) (OTC:STRPF) is pleased to announce

that, further to its news release dated July 17, 2020, the Company is increasing its $1,000,000

non-brokered private placement of flow-through units to $1,110,000 due to additional interest in

the financing. All terms of the financing as previously announced remain unchanged.

For more information please contact:

Johnathan More, Chairman & CEO

Tel: 646-661-0409

https://www.starrpeakexploration.com/

Certain statements contained in this press release constitute forward-looking information. These

statements relate to future events or future performance. The use of any of the words "could", "intend",

"expect", "believe", "will", "projected", "estimated " and similar expressions and statements relating to

matters that are not historical facts are intended to identify forward-looking information and are based

on Starr Peak’s current belief or assumptions as to the outcome and timing of such future events. Actual

future results may differ mat erially. In particular, this release c ontains forward-looking information

relating to, among other things, the ability of Company to complete the financin gs and its ability to build

value for its shareholders as it develops its mini ng properties. Various assumptions or factors are

typically applied in drawi ng conclusions or making the forecasts or projections set out in forward-

looking information. Those assumptions and factors are based on information currently available to Starr

Peak. Although such statements are based on man agement's reasonable assumptions, there can be no

assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be

completed on the terms described above.

The forward-looking information contained in this release is made as of the date hereof and Starr Peak is

not obligated to update or revise any forward-l ooking information, whether as a result of new

information, future events or otherw ise, except as required by applic able securities laws. Because of the

risks, uncertainties and assumptions contained h erein, investors should not place undue reliance on

forward-looking information. The foregoing st atements expressly qualify any forward-looking

information contained herein.

This announcement does not constitute an offer, invitation, or recommendation to subscribe for or

purchase any securities and neither this announcement nor anything contained in it shall form the basis

of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a

solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an

offer would be illegal.

The securities referred to herein ha ve not been and will not be registered under the Securities Act of

1933, as amended (the "Securities Act"), or under the secu rities laws of any state or other jurisdiction of

the United States and may not be offered or sold, direc tly or indirectly, within the United States, unless

the securities have been registered under the Securities Act or an exemption from the registration

requirements of the Securities Act is available.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.

NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES

DESCRIBED HEREIN.