(“Superior Mining” or the “Company”) (TSX -V: SUI.H) is pleased to announce that, further to its

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NEWS RELEASE

Vancouver, British Columbia – July 31, 2020 – Superior Mining International Corp.

(“Superior Mining” or the “Company”) (TSX -V: SUI.H) is pleased to announce that, further to its

news release dated May 12, 2020, it has closed its private pl acement raising $500,000 gross proceeds

through the issuance of 2,500,000 units. Each unit consists of one common share and one share purchase

warrant with each share purchase warrant entitling the holder to acquire an additional common share of the

Company at a price of $0.30 per share for a period of 24 months from closing.

In connection with the closing the Company paid a finder’s fee of 7% cash to certain finders. The Shares

and Warrants issued pursuant to the private placement are subject to a hold period expiring December 1,

2020.

Proceeds from the financing will be used for exploration costs and general working capital.

ON BEHALF OF THE BOARD

“Brent Butler”

_________________________

Chief Executive Officer and Director

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 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.

Superior Mining International Corp.

646-661-0409