2288 - 1177 West Hastings

INFORM RESOURCES CORP.

2288 - 1177 West Hastings Vancouver, British Columbia V6E 2K3

INFORM ANNOUNCES PRIVATE PLACEMENT AND CHANGES IN MANAGEMENT ______________________________________________________________________________

May 4, 2020 TSX-V: IRR

Vancouver, British Columbia – May 4, 2020 - Inform Resources Corp. TSX.V:IRR (“Inform” or the "Company") announces a non-brokered private placement (the “Offering”) of up to 8,000,000 units (the “Units”) at a price of $0.25 per Unit for proceeds of up to $2,000,000. Each Unit consists of one common share in the capital of the Company (a “Share”) and one-half of one common share purchase warrant (each whole warrant a “Warrant”). Each Warrant entitles the holder thereof to purchase one additional Share at a price of $0.50 per Share for a period of 24 months from the date of issuance.

A portion of the Offering may be completed in accordance with the exemption set out in BC Instrument 45-536 (Exemption from prospectus requirement for certain distributions through an investment dealer) (the "Investment Dealer Exemption").

The Company may pay a finder’s fee on the Offering within the amount permitted by the policies of the TSX Venture Exchange (the “Exchange”). In accordance with the requirements of the Investment Dealer Exemption, the Company confirms there is no material fact or material change related to the Company which has not been generally disclosed. Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the Exchange. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The Offering is not subject to a minimum aggregate amount of subscriptions. The Company will use the proceeds of the Offering to finance the exploration and development of the Company’s Apollo and Sancarron projects located in Chile and for general working capital purposes.

The company also announces that, it has granted 2,500,000 stock options (each, an “Option”) to directors, officers and investor relations pursuant to its stock option plan. Each option was granted at an exercise price of $0.33 per common share for a period of five (5) years from the date of grant.

Changes to the Board of Directors and Management

The Company also announces certain changes to its board of directors and management. Effective immediately, Andrew Cheshire has resigned as a director and Chief Executive Officer of the Company to pursue other opportunities. The Company would like to thank Mr. Cheshire for his contributions to the Company. Simon Clarke and Andrew Bowering have been appointed to the board of directors. Simon Clarke has also been appointed Chief Executive Officer of the Company and Andrew Bowering has been appointed Chairman of the Board of Directors.

Simon Clarke, Chief Executive Officer and Director

Simon Clarke brings 25 years’ of experience in building and growing companies and implementing successful capital markets and growth strategies, with a focus on mining and energy. Most recently, Mr. Clarke was Founder, CEO and Director of M2 Cobalt (cobalt / copper exploration in East Africa) and was instrumental in its merger with Jervois Mining Ltd. in June 2019. Following the merger, Mr Clarke joined the enlarged group initially as Director and then as EGM Corporate Affairs. Mr. Clarke’s experience includes all facets of natural resource exploration, development and production. Mr. Clarke holds an LLB & Diploma in Legal Practice from Aberdeen University in Scotland.

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Andrew Bowering, Director

Andrew Bowering is a venture capitalist with 30 years’ of operational experience and leadership in mineral exploration and development worldwide. He has founded, funded and built teams that have operated numerous companies in the pursuit of precious, base and industrial metals from early exploration through to production. Mr. Bowering is currently CEO and Director of Prime Mining Corp. (gold and silver developer at Los Reyes, Mexico). Mr. Bowering has served as an officer or director of public companies on the TSX Venture Exchange, the TSX and the American Stock Exchange. His recent endeavors include Millennial Lithium Corp, American Lithium Corp, in addition to Prime Mining.

On behalf of the Board of Directors

INFORM RESOURCES CORP.

“Simon Clarke”

Simon Clarke, Chief Executive Officer

For further general information, please contact Simon Clarke at [604 551 9665] or email at [email protected].

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.

Cautionary Statement Regarding “Forward-Looking” Information

Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in the Company’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “appear”, “should,” and similar expressions, are forward-looking statements.

Although Inform Resources Corp. has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward looking statements may differ materially from actual results or events.

Accordingly, readers should not place undue reliance on forward-looking statements. The forwardlooking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.