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USGD.CN ·

American Pacific Mining Commences Trading on OTCQB®

Listings & Exchange

NEWS RELEASE

American Pacific Mining Commences Trading on OTCQB ®

Vancouver, British Columbia / August 17, 2020 - American Pacific Mining Corp. (CSE: USGD / FWB: 1QC /

OTCQB: USGDF) (“American Pacific” or the “Company”) is pleased to announce that, effective August 17, 2020,

it will graduate from the OTC Pink Sheets (“ OTCPK ”) and commence trading on the OTCQB® under the sym bol,

“USGDF”. The Company has chosen to trade on this U S marketplace to provide current and future US-base d

investors with greater access, ease of trading, home country disclosure, current financial disclosures and Real-Time

Level 2 quotes on www.otcmarkets.com .

“Graduating to the OTCQB venture stage market place is an important milestone for American Pacific,” s aid

Warwick Smith, CEO of the Company. “Since April 11 , 2018, the Company has been trading on the OTCPK.

Qualifying for OTCQB® is a natural step for the Com pany as our flagship project is located in Montana and two

additional projects are located in Nevada. It also demonstrates our commitment to increasing our investor base while

providing our current and future U.S. investors con venient access to the same ease of trading, timely news and

information enjoyed by investors in Canada.”

The Company appointed Burns, Figa and Will, Attorneys, to provide guidance with respect to its eligibi lity to meet

the requirements of the OTCQB and to advise the Com pany on its responsibilities for complying with its U.S.

disclosure obligations under the Securities Act of 1934 and Rule 12g3-2 promulgated thereunder in connection with

the OTCQB listing and the OTCQB standards for international companies.

About American Pacific Mining Corp.

American Pacific Mining Corp. is a gold explorer fo cused on precious metal opportunities in the Wester n United

States. The Madison Mine in Montana under joint ven ture with Rio Tinto is our flagship asset. The Goos eberry

Gold/Silver Project and the Tuscarora Gold Project are two high-grade, precious metal projects located in key mining

districts of Nevada USA. The Company’s mission is to grow by the drill bit and by acquisition.

On Behalf of the Board of American Pacific Mining Corp.

"Warwick Smith"

CEO & Director

Corporate Office: Suite 910 – 510 Burrard Street Vancouver, BC, V6C 3 A8 Canada

Contact Kristina Pillon, President, High Tide Consulting Corp., 604.908.1695 / [email protected]

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation

Services Provider (as that term is defined in the p olicies of the CSE) accepts responsibility for the adequacy or

accuracy of this release.

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LEGAL_34347059.1

Forward-looking Information

Some statements in this news release contain forward-looking information (within the meaning of Canadian securities

legislation) including, without limitation, statements as to planned exploration activities and the ex pected timing of

the receipt of results. These statements address f uture events and conditions and, as such, involve k nown and

unknown risks, uncertainties and other factors, which may cause the actual results, performance or ach ievements to

be materially different from any future results, performance or achievements expressed or implied by the statements.

Such factors include, without limitation, customary risks of the mineral resource industry as well as the performance

of services by third parties.

Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified

by the words “expects,” “plans,” “anticipates,” “be lieves,” “intends,” “estimates,” “projects,” “aims, ” “potential,”

“goal,” “objective,” “prospective,” and similar exp ressions, or that events or conditions “will,” “wou ld,” “may,”

“can,” “could” or “should” occur, or are those stat ements, which, by their nature, refer to future events. The Company

cautions that Forward-looking statements are based on the beliefs, estimates and opinions of the Compa ny’s

management on the date the statements are made and they involve a number of risks and uncertainties. Consequently,

there can be no assurances that such statements wil l prove to be accurate and actual results and futur e events could

differ materially from those anticipated in such statements.