GRAY ROCK Announces Warrants Extension

July 9, 2020 TSX-V Trading symbol: GRK

GRAY ROCK ANNOUNCES WARRANTS EXTENSION

Gray Rock Resources Ltd. (GRK: TSX.V, “Gray Rock” or the “Company”) announces that it has applied for

an amendment to its terms of the warrants issued pursuant to private placements announced on July 19,

2016 and August 1, 2017.

The first amendment of the July 19, 2016 private placement extended the expiry date of the Warrant from

August 15, 2018 to August 15, 2020. The current amendment will extend the expiry date of the warrants

from August 15, 2020 to August 15, 2021. All other terms remain the same.

The first amendment of the August 1, 2017 private placement extended the expiry date of the Warrant from

September 15, 2018 to September 15, 2020. The current amendment will extend the expiry date of the

warrants from September 15, 2020 to September 15, 2022. All other terms remain the same.

These amendments are subject to TSX Venture Exchange acceptance.

For further information please contact Gray Rock Resources Ltd. at ph. (604) 682 -3701, or log onto our

website at www.grayrockresources.com

ON BEHALF OF THE BOARD

"David Wolfin"

_________________________________

David Wolfin

President & CEO

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

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

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