Golden Pursuit Completes Financing

GOLDEN PURSUIT RESOURCES LTD.

652 Millbank Vancouver, B.C. V5Z 4B7

NEWS RELEASE

GOLDEN PURSUIT COMPLETES FINANCING

May 6, 2020 Symbol: GDP

Vancouver, B.C., Canada, May 6, 2020 – Golden Pursuit Resources Ltd. (the “Company”) is pleased to announce that further to its news releases dated March 25, 2020, the Company has completed its private placement offering of 4,000,000 units at $0.10 per unit for gross proceeds of $400,000 (the “Offering”). Each Unit consists of one post-consolidated (1) common share and one-half of one (1) common share purchase warrant. Each whole warrant will entitle the holder to acquire an additional post-consolidated common share exercisable at $0.12 per share, on a post-consolidated basis, for a period of two (2) years from the date of closing of the Offering.

In accordance with the policies of the TSX Venture Exchange, $8,000 in cash was paid by the Company to a finder with respect to the Offering.

All of the securities distributed under the Offering are subject to a four-month hold period expiring August 31, 2020.

GOLDEN PURSUIT RESOURCES LTD.

Per: “Brian McClay”

Brian McClay, President

CONTACT INFORMATION:

Brian McClay Email: [email protected] Tel: (604) 730-6982

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.