BIG Dougie Capital Corp. Announces Closing of Qualifying Transaction

BIG DOUGIE CAPITAL CORP. ANNOUNCES CLOSING OF QUALIFYING

TRANSACTION

CALGARY, AB, October 8, 2020 /CNW/ - Big Dougie Capital Corp. (“Big Dougie”) (TSXV: STUV.P)

is pleased to announce that on October 2, 2020, it closed its previously announced "Qualifying

Transaction" (“QT”), as defined by Policy 2.4 of the TSX Venture Exchange (the “Exchange”) with

Compañía Recursos Andina Limitada (“Andina”) whereby Big Dougie has acquired 99.9% of the

partnership interest of Andina, a company that holds a 100% interest in a promising gold, silver, copper

and cobalt property in northern Chile (the “ Coba Property”). Big Dougie is in the process of filing the

final documents with the Exchange in order to secure issuance of the Exchange’s final bulletin enablin g

Big Dougie’s common shares to recommence trading under the symbol “STUV". The particulars of the

QT, including information on the Coba Property, were the subject of Big Dougie’s Filing Statement dated

August 28, 2020 which has b een filed on S EDAR (www.sedar.com) (See Big Dougie’s press releases

dated August 28, 2020 and August 31, 2020).

Big Dougie was formed as a “capital pool company” by certain of Doug Stuve’s close friends to honour

Doug’s memory after his passing in late 2018. Doug was a father, husband, lawyer and raconteur who is

dearly missed by his many friends and family. Doug led an illustrious career dedicated to the legal

profession and specifically to the Canadian junior c apital markets. It was the collective goal of the

company’s founders to identify and complete a transaction that would stand the test of time. The directors

considered many options and agreed on the acquisition of the Coba Property, a mining project in Chile in

an area with a remarkable past production history that , in their view, holds tremendous long-term

potential.

Al Kroontje, Chief Executive Officer of Big Dougie, stated, “Today is a proud milestone for our group. It

was very important to identify a project which we could leverage the history and skill set of Big Dougie’s

founders on an asset that can be a building block in the creation of long term value for our shareholders ,

and honouring the memory of Doug. While we have considerable tasks ahead of us, the entire founding

group is committed to Big Dougie’s success. In our opinion, the Coba Property represents a wonderful

opportunity to build a significant mining operation in a country regarded as a top mining district of the

world, exhibiting the combination of extraordinary resource potential together with political stability.”

Andina, now 99.9% owned by Big Dougie, owns a 100% interest in the Coba Property which is located in

the historic Carrizal Alto mining district of Chile. From 1890 to 1910, high grade run of mine production

from the camp was shipped directly from Chile to Britain for processing. Production grades cannot be

confirmed in compliance with the requirements of National Instrument 43-101 but have been reported to

have graded from 5 - 65 g/t gold, 3 – 12% copper and 0.3 – 1.3% cobalt. Therefore, Big Dougie’s first

priority will be to obtain samples from the workings in existing mine shafts together with preformi ng a

geophysical survey over the extensive strike length of veins that are evident at surface. In the southern

part of the claims, two fault systems are shown to intersect. Surface sampling over that area and several

other areas returned grades of up to 9.8 g/t gold, 5% copper, 12.5 g/t silver and 1% cobalt. Historical

reporting indicates that grades increase with depth, production in area mines having been reported to have

commenced from surface and continued in high grade mineralization to depths of 48 0 meters which

remains open at depth.

Big Dougie intends to immediately commence the first phase of the exploration program detailed in the

Filing Statement. That will involve evaluating water levels from surface flooding in two existing shafts

on the cla ims as well as conducting a sampling program from within those shafts , to the extent

possible. It is intended that a geophysical program including an induced polarization survey will begin

almost immediately – to be followed up by a drilling program targe ting deeper sections of the

mineralization evident at surface.

Commenting on the Coba Property, Terence Walker, Big Dougie’s incoming VP of Exploration,

remarked, “I am very much looking forward to our upcoming exploration programs which have been

designed to substantiate the upside of the Coba Property”.

Terence Walker is a seasoned exploration geologist who has been resident in Chile for 29 years and has

been involved in the exploration of numerous properties during that tenure , including the main histo ric

producers in the Carrizal Alto camp.

Qualifying Transaction

The QT was completed by way of a share exchange agreement (the "Share Exchange Agreement")

pursuant to which Big Dougie acquired 99.9% of the issued and outstanding units of Andina from the

Compania Minera Auberon SpA (“Auberon”) and Inversiones Romelio SpA (“Romelio”) in exchange

for the payment by Big Dougie of USD $500,000 and the issuance of an aggregate 50,000,000 common

shares of Big Dougie (each, a “Common Share”) at a deemed price of $0.055 per share.

Private Placement

Concurrently with the completion of the QT, Big Dougie completed a non -brokered private placement of

21,695,458 Common Shares at a price of $0.055 per Big Dougie Common Share for aggregate gross

proceeds to Big Dougie of $1,193,250 (the “Private Placement”).

Under the Private Placement, Big Dougie paid aggregate cash finder's fees of $ 10,972.50 and issued an

aggregate of 199,500 broker warrants exercisable for one Common Share for one year at a price of $0.055

per share.

Directors and Officers

Following completion of the Qualifying Transaction, the officers and directors of Big Dougie are as

follows:

Al Kroontje Chief Executive Officer, Corporate Secretary and Director

Dale Burstall Director

Terence Walker Vice-President Exploration and Director

Jeff Graw Director

Jana Lillies Chief Financial Officer

Option Grants

Big Dougie also announces the granting of stock options to purchase 3,850,000 Common Shares to

directors, officers, employees and consultants subject to regulatory and TSX Venture Exchange approval

(the “Option Grant”). The options were issued with an exercise price of $0.07 per share, vest as to one -

third (1/3) immediately and one-third (1/3) on each of the first and second anniversaries of the grant date

and have a ten-year term from the date of issuance.

Early Warning Reports

In connection with the QT, Private Placement and Option Grant , each of Auberon, Romelio and Al

Kroontje acquired ownership, control or direction over Common Shares requiring disclosure pursuant to

the early warning requirements of applicable securities laws.

Prior to the completion of the QT, Auberon had no ownership of, or exercised control or direction over,

any voting or equity securities of Big Dougie. In connection with the QT, Auberon acquired ownership of

30,000,000 Common Shares (representing approximately 35.84% of the issued and outstanding Common

Shares on a non-diluted basis).

Prior to the completion of the QT, Romelio had no ownership of, or exercised control or direction over,

any voting or equity securities of Big Dougie. In connection with the QT, Auberon acquired ownership of

20,000,000 Common Shares (representing approximately 23.90% of the issued and outstanding Common

Shares on a non-diluted basis).

Prior to the completion of the Private Placement and Option Grant , Al Kroontje had ownership of, or

exercised control or direction over 1,111,000 Common Shares. In connection with the Private Placement,

Al Kroontje acquired owner ship of 3,020,000 Common Shares and the option to acquire 950,000

Common Shares directly and 9,598,181 Common Shares indirectly through Tailwind Capital Partners

Inc., a corporation controlled by Mr. Kroontje . Assuming the exercise of the entire option held by Mr.

Kroontje, he will own 14,679,181 Common Shares representing 17.34% of the issued and outstanding

Common Shares (assuming exercise of all 950,000 Common Shares pursuant to the Option Grant).

Auberon and Romelio each acquired the Common Shares in connection with the QT. Al Kroontje

acquired the Common Shares in connection with the Private Placement and the Option was granted to Mr.

Kroontje as part of the compensation program of Big Dougie. Each of Auberon, Romelio and Mr.

Kroontje: (i) h olds the Common Shares for investment purposes; and (ii) does not have any current

intentions to increase or decrease its beneficial ownership or control or direction over any additional

securities of the Company. Each of Auberon, Romelio and Mr. Kroontje may, from time to time and

depending on market and other conditions, acquire additional Common Shares through market

transactions, private agreements, treasury issuances, convertible securities or otherwise, or may sell all or

some portion of the Common Shares they each own or control, or may continue to hold the Common

Shares.

Qualified Person

The technical information contained in this news release has been reviewed and approved by Terence

Walker, P. Geo, a "Qualified Person" within the meaning of National Instrument 43-101.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN

THE UNITED STATES

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward -looking statements" under applicable Canadian securities

legislation. Forward-looking statements include, but are not limited to , obtaining the final bulletin from

the Exchange, the business and operations of Big Dougie after completion of its Qualifying Transaction,

commencement of exploration plans including details of those planned operations . Forward -looking

statements are necessarily based upon a number of estimates and assumptions that, while considered

reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the

actual results and future events to differ materially from those expressed or implied by such forward -

looking statements. Such factors include, but are not limited to: general business, economic, comp etitive,

political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals;

the price of gold , silver, copper and cobalt; and the results of exploration programs. There can be no

assurance that such statements will prove to be accurate, as actual results and future events could differ

materially from those anticipated in such statements. Accordingly, readers should not place undue

reliance on forward -looking statements. Big Dougie and Andina disclaim any intention or obligation to

update or revise any forward-looking statements, whether as a result of new information, future events or

otherwise, except as required by law.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the completed qualifying

transaction and has neither approved nor disapproved the contents of this news release.

For further information, please contact:

Al Kroontje

Calgary, Alberta

E mail: [email protected]

Cell: 403-607-4009