Goldhills Announces Further Offering

GOLDHILLS HOLDING LTD.

400 - 837 West Hastings Street Vancouver, British Columbia V6C 3N6 May 20, 2020

TSX.V Symbol: GHL

GOLDHILLS ANNOUNCES FURTHER OFFERING

Vancouver, BC/ May 20, 2020 Goldhills Holding Ltd. (TSX-V: GHL) (FRANKFURT: GRYA) (the "Company") is pleased to announce that due to continued interest the Company plans to offer, on a private placement basis, up to 2,000,000 common shares at a price $0.10 per share for total proceeds of up to $200,000 (the “Offering”).

The proceeds of the offering will be used to settle outstanding indebtedness, general working capital purposes and fund the ongoing evaluation of gold exploration projects.

Closing of the proposed Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval from the TSX Venture Exchange.

Goldhills Holding Ltd.

Sergei Stetsenko CEO and Director Phone: +380673522641

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.

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSX-V. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. There are no assurances that the business plans for the Company as described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which are available at www.sedar.com.