Kiplin Metals Confirms Date for Shareholder Meeting and Options Property in Québec

KIPLIN METALS INC.

Suite 2200, 885 West Georgia Street Vancouver, British Columbia, V6C 3E8

NEWS RELEASE

KIPLIN METALS CONFIRMS DATE FOR SHAREHOLDER MEETING AND OPTIONS PROPERTY IN QUÉBEC

September 3, 2020 – Vancouver, British Columbia – Kiplin Metals Inc. (the “Company”) (TSXV: KIP) confirms that the annual general and special meeting (the “Meeting”) of the shareholders of the Company will be held at 11:00 a.m. (Pacific Time) on October 9, 2020. Further information concerning the Meeting, and the matters to be considered, will be made available in the management information circular being prepared by the Company. A copy of the circular will be mailed to shareholders of record as of September 2, 2020 and will also be available under the Company’s profile on SEDAR (www.sedar.com).

The Company also announces that it has entered into a mineral property option agreement (the “Option Agreement”) with Kode Mineral Exploration Ltd. (the “Vendor”), an arms-length thirdparty, pursuant to which the Company has been granted the option to acquire the Exxeter Property (the “Project”) which is comprised of 13 map designated mineral claims, covering an area of approximately 748 hectares in the Province of Quebec.

Under the terms of the Option Agreement, the Company can acquire all rights to the Project, subject to a one-percent net smelter returns royalty on commercial production to be granted to the Vendor, which can be purchased by the Company at any time for a cash payment of $1,000,000. In order to exercise the option and acquire the Project, the Company must make cash payments to the Vendor of $500,000, with an initial $100,000 payment due and owing on the first anniversary of the Option Agreement, and incur work expenditures of $500,000 on the Project, all over a three-year term.

No securities of the Company are issuable to the Vendor in accordance with the Option Agreement. The Company does not intend to devote the majority of its resources to the development of the Project in the next twelve-months, nor does it expect the Project to represent the majority of its assets going forward.

For further information, contact the Company at 604-622-1199.

On behalf of the Board of Directors,

“Peter Born”

Director

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.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.