Completion of Financing

12216 Boundary Drive North, Surrey, BC, Canada V3Z 1Z5

Phone: 604-503-0986 Email:[email protected]

May 18, 2021 NEWS RELEASE

COMPLETION OF FINANCING

Vancouver, B.C. – Midasco Capital Corp. (the "Company") (TSX -V Symbol: MGC.H) is pleased to announce that

further to its news release of April 15, 2021, it has closed the non-brokered private placement (the "Financing") by

issuing an aggregate of 2,500,000 units (the "Units") of the Company at a price of $ 0.10 per Unit for gross proceeds

of $250,000. Each Unit consisted of one common share of the Company and one share purchase warrant entitling

the holder to purchase an additional common share of the Comp any at a price of $0.15 until May 11, 2022, subject

to an acceleration right that allows the Company to give notice of an earlier expiry date if the Company's share price

on the TSX Venture Exchange is equal to or greater than $0.40 for a period of 10 cons ecutive trading days.

All securities comprising the Units are subject to a four-month statutory hold period ending on September 12, 2021.

The Financing remains subject to final approval of the TSX Venture Exchange.

The Company intends to use the proceeds from the Financing to evaluate and perform due diligence on various

business opportunities in all market sectors and for general corporate and working capital purposes.

ON BEHALF OF THE BOARD OF DIRECTORS OF

MIDASCO CAPITAL CORP.

William Pettigrew,

Chief Executive Officer

Neither the 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.

Disclaimer for Forward-Looking Information:

"This news release may contain forward -looking statements within the meaning of applicable securities laws.

Forward-looking statements may inc lude estimates, plans, anticipations, expectations, opinions, forecasts,

projections, guidance or other similar statements that are not statements of fact. Although the Company believes

that the expectations reflected in such forward -looking statements are reasonable, it can give no assurance that

such expectations will prove to be correct. These statements are subject to certain risks and uncertainties, including

the risks and uncertainties identified by the Company in its public securities filings, and may be based on assumptions

that could cause actual results to differ materially from those anticipated or implied in the forward -looking

statements. The Company's forward -looking statements are expressly qualified in their entirety by this cautionary

statement. The forward-looking statements contained in this news release are made as of the date hereof and the

Company undertakes no obligations to update publicly or revise any forward -looking statements or information,

whether as a result of new information, future events or otherwise, unless so required by applicable securities laws."

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