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STE.V ·

Starr Peak Grants Stock Options

Share Capital & Compensation

STARR PEAK EXPLORATION LTD.

Starr Peak Grants Stock Options

VANCOUVER, BRITISH COLUMBIA – (August 13, 2020) – Starr Peak Exploration Ltd. (“Starr

Peak” or the “Company”) (TSX Venture: STE)(OTC: LSGEF) announces the grant of 550,000

incentive stock options to its directors, officers, consultants and/or employees pursuant to the

Company’s stock option plan. The options are exercisable for a period of five years at an

exercise price of $1.60 per share.

On Behalf of the Board of Directors of Starr Peak Exploration Ltd.,

"Johnathan More"

Johnathan More

Chairman and Chief Executive Officer

About Starr Peak Exploration Ltd.

Starr Peak Exploration Ltd. is a Canadian based mineral exploration company focused on the

acquisition and exploration of precious and base metal mineral deposits. The primary objective

of the Company is to acquire, explore and develop high potential and quality gold deposits and

projects in the Americas. The Company is committed to create long term shareholder value

through mineral discoveries.

For more information please contact:

Johnathan More, Chairman & CEO

Tel: 646-661-0409

https://www.starrpeakexploration.com/

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined

in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of

the content of this news release.

No securities regulatory authority has either approved or disapprov ed of the contents of this

news release. The securities being offered have not been, and will not be, registered under the

United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state

securities laws, and may not be offered or sold in the United States, or to, or for the account or

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benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant

to an exemption therefrom. This press release is for information purposes only and does not

constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any

jurisdiction.

STARR PEAK EXPLORATION LTD.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The

securities being offered have not been, and will not be, registered under the United States Securities Act of 1933,

as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold in the United

States, or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities

Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not

constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking information based on current expectations, including the use of funds

raised under the Offering. These statements should not be read as guarantees of future performance or results.

Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results,

performance or achievements to be materially different fr om those implied by such statements. Although such

statements are based on management's reasonable assumptions, Power Metals assumes no responsibility to

update or revise forward-looking information to reflect new events or circumstances unless required by law.

Although the Company believes that the expectations and assumptions on which the forward- looking statements

are based are reasonable, undue reliance should not be placed on the forward- looking statements because the

Company can give no assurance that they will prove to be correct. Since forward -looking statements address

future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements

speak only as of the date of this press release. Actual results could differ materially from those currently

anticipated due to several factors and risks including various risk factors discussed in the Company's disclosure

documents which can be found under the Company's profile on www.sedar.com.

This press release contains "forward -looking statements" within the meaning of Section 27A of the Securities Act

of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-

looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform

Act of 1995. The TSXV has neither reviewed nor approved the contents of this press release.