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TRS.V ·

Tres-OR Private Placement Oversubscribed – Unit Offering Increased

Financings

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

LEGAL_35559661.1

NEWS RELEASE

TRES-OR PRIVATE PLACEMENT OVERSUBSCRIBED – UNIT OFFERING INCREASED

Vancouver, B.C. – January 28, 2021 - Tres-Or Resources Ltd. (TSX-V: TRS ) (the “Company”)

announces, that further to its news release of December 14, 2020, the Company is pleased to announce

that its offering of Common Share Units (the “ CS Units ”) is oversubscribed . The Company has

determined to increase the size of the offering of CS Units to 3,831,002 CS Units. The Company expects

to close on a further 2,361,001 CS Units (in addition to the 1,470,001 CS Units issued December 31,

2020) for proceeds of $354,150.15. Each CS Unit will be sold at $0.15 per CS Unit and consists of one

common share and one half of one c ommon share purchase warrant . Each whole warrant entitles the

holder to purchase an additional common share for a period of 24 months at a pri ce of $0.20 per common

shares. The Company also intends to complete a further closing of its concurrent flow throu gh private

placement.

The additional proceeds will also be used solely for Canadian exploration expenses, property -related

expenses and for general corporate and working capital.

About Tres-Or Resources Ltd.

Tres-Or Resources Ltd. is a Canadian resource company focused on exploring for diamonds and gold

resources in the Témiscamingue and Abitibi regions of Québec and is listed on the TSX Venture

Exchange under the trading symbol “TRS”. 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.