Tres-OR Announces Amendment to Fontana Property Option Payment Schedule

Tres-Or Head Office: 1934 - 131 Street | White Rock, B.C. | Canada V4A 7R7

Tel: 604-541-8376 | Fax: 604-541-8926 | www.tres-or.com

NEWS RELEASE

TRES-OR ANNOUNCES AMENDMENT TO FONTANA PROPERTY OPTION PAYMENT SCHEDULE

Vancouver, B.C. – January 30, 2020 - Tres-Or Resources Ltd. (Tres-Or or the “ Company”) ( TSXV:

TRS, OTCPK: TRSFF ) announces that it has amended the 2019 property payment schedule on the

Fontana Gold Project, Quebec. Tres-Or and Globex Mining Enterprises Inc. (“Globex”) entered into the

Fontana Property Option Agreement dated June 16, 2019 (refer to news release dated July 9, 2019),

whereby Tres-Or was required to pay Globex a cash payment for the sum of $100,000 (the “Payment”) on

the closing of the Tres-Or financing which final acceptance by the TSX Venture Exchange was received

on December 3, 2019.

Tres-Or entered into an amending agreement (“First Amending Agreement”) dated November 28, 2019

whereby the parties agreed the Payment would be made in two equal installments of $50,000, one

installment on or before November 30, 2019 (paid) and a second installment being due on January 30,

2020.

On January 30, 2020, the Company and Globex entered into a Second Amending Agreement where the

second installment will be satisfied by making payments in cash and shares. Under the Second

Amending Agreement, the Company will make a cash payment of $25,000 on or before March 30, 2020

and issue 400,000 common shares of the Company to Globex, subject to TSX Venture Exchange

approval.

Upon issue of the shares for the second installment, Tres-Or will have 14,400,828 shares outstanding.

About Tres-Or Resources Ltd.

Tres-Or Resources Ltd. (TSXV: TRS) is a Canadian resource company focused on exploring for diamond

resources in the Témiscamingue region of Québec. The Company also has exposure to certain gold

projects in the Abitibi region of Québec that have been optioned to Kiboko Exploration Inc. Additional

information related to the Company is available on SEDAR and on the Company’s website ( www.tres-

or.com).

On behalf of the Board of Directors

“Laura Lee Duffett”

Laura Lee Duffett, P.Geo.

President and CEO

For further information:

Laura Lee Duffett, President & CEO: +1 (604) 541-8376 – [email protected]

Website: www.tres-or.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in

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

this news release.