The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the news release, which has been prepared by management. DURO METALS INC.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or

accuracy of the content of the news release, which has been prepared by management.

DURO METALS INC.

10545 - 45 Avenue NW

250 Southridge, Suite 300

Edmonton, Alberta T6H 4M9

Trading Symbol: DURO.P June 11, 2020

FOR IMMEDIATE RELEASE

Edmonton, Alberta - Mr. Sean Mager, President of Duro Metals Inc. (TSXV – “DURO.P”)

(the " Company" or “ Duro”) announces the Company has terminated its previously announced plans to

complete its qualifying transaction involving the proposed purchase of Kingfisher Resources Ltd.

The Company continues to explore other suitable qualifying transaction opportunities.

Further details about the resumption of trading will be announced shortly.

For further information, please contact:

Duro Metals Inc

Telephone: (780) 701-3215

Mr. Sean Mager, President and CEO

Neither the TSX Venture Exchange, Inc. nor its Regula tion Service Provider (as that term is defined under

the policies of the TSX Venture Exchange) has approved or disapproved of the contents of this press

release.