CANADA ONE MINING TO EXTEND TERM OF WARRANTS

June 17, 2020 – Vancouver, Canada – Canada One Mining Corp. (the “Company” or “ Canada One”) (TSXV: CONE) announces that it will extend the term of warrants issued in a Unit Private Placement completed on July 4, 2017.

Each Unit consisted of one common share and one full warrant. The warrants had a term of three years with an expiry date of July 4, 2020. One full warrant is exercisable to acquire one common share at $0.15 per share. The Company originally issued 15,400,000 warrants in connection with the private placement, and 1,318,793 of those warrants have been exercised to date.

The Company will extend the term of the remaining 14,080,207 warrants by 2 years to expire on July 4, 2022. All other terms of the warrants will remain the same.

Completion of the extension of the warrants remains subject to the approval of the TSX Venture Exchange.

On behalf of the Board of Directors,

Peter D. Berdusco
President and CEO

For further information, contact the company at:

admin@canadaonemining.com

Neither the 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.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for gold, changes in exploration costs and government regulation in Guyana, status of artisanal mining activities and associated rights, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.