Usha Agrees to Acquire an Additional Interest in the Nicobat Property and Announces New Director

Suite 804, 750 West Pender Street, Vancouver, British Columbia V6C 2T7

USHA RESOURCES LTD.

Usha Agrees to Acquire an Additional Interest in the Nicobat Property

and Announces New Director

Vancouver, British Columbia / May 21, 2020 – Usha Resources Ltd. (“US HA” or the “Company”)

(TSXV: USHA) is pleased to announce that on May 11, 2020, it entered into an amendment agreement

(the “Amendment Agreement”) with Emerald Lake Development Corporation (“Emerald Lake”) to the

mineral property purchase agreement dated March 7, 2019, whereby Emerald Lake has granted the

Company the right to acquire an additional 34% inte rest in the Nicobat Property located in Northwest

Ontario, for a total interest of 85%, in excha nge for the issuance of 500,000 common shares of the

Company (the “Shares”).

The Amendment Agreement and issuan ce of the Shares to Emerald Lake is subject to the final approval

of the TSX Venture Exchange. The Shares will be subject to a four month hold period pursuant to

securities laws in Canada.

The Company is also currently inspecting other proper ties of interest in Nevada and Arizona as well as

properties near the Golden Triangle Mineral District in British Columbia, Canada.

Additionally, the Company also announces the appointment of Brian Moore as a member of the

Company’s board of directors, effective immediately.

Brian Moore has been providing taxation, accoun ting, and business advisory services since 1979,

establishing his own firm in 1986. His Partner Paul Turner and Brian co-founded TurnerMoore LLP in

1994. Their firm is committed to helping business operators and entrepreneurs in building and

maintaining enterprises from start-up, growth and succession.

Brian is an active volunteer in his community, and over the past thirty years has served on various not-

for-profit boards and in political organizations. He is a past Governor of CGA Ontario, past member of

committees for both CGA Ontario and CGA Canada, a nd currently serves as a Practice Inspector for

CGA Ontario. In 2009, CGA Canada awarded Brian the Fellowship designation (FCGA) in recognition of

his contributions to CGA and the accounting profession.

USHA RESOURCES CORPORATION

“Deepak Varshney”

CEO and Director

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

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