BCM Resources Corporation — Capital/Financing Update 2021

Oct 30, 2021

BCM Resources Corporation Details of Private Placement Closing

Proceeds to Drill Greenfield Porphyry Cu-Au-Mo Discovery at Thompson Knolls Project in Utah, USA

Vancouver, BC, October 29, 2021 - BCM Resources Corporation (TSX-V: B), announces the completed closing of the Non-Brokered private placement financing outlined in a News Release August 30, 2012. We provide additional details to the News Release dated September 21, 2021.

Proceeds from the private placement financing totalled C$1,100,000 through the issuance of 10,000,000 units ("Units") priced at C$0.11 per Unit. Each Unit is comprised of one common share of the Company (a "Share") and one share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to purchase one common share of the Company at a price of C$0.16 for one year from the date of issue.

All the securities issued are subject to a four-month hold period from the date of issue. The respective hold dates are January 14, 2022 (980,000 shares), January 15, 2022 (8,830,000 shares) and February 3, 2022 (190,000 shares). The financing is subject to approval by the TSX Venture Exchange. The Company announced Finder's Fees of up to 5% cash and 5% finder's warrants. At closing fees totalled $25,250 and 230,000 one-year finder Warrants.

Use of Proceeds

Proceeds from the financing, will be used to continue the ongoing drilling and geophysical exploration program, led by the Company's President, Dr. Sergei Diakov at BCM's Thompson Knolls (TK) Property. Thompson Knolls is a Porphyry Cu-Au-Mo Discovery project located via highway in West Central Utah, USA. There are at present, 5 drill pad locations that are permitted and that are easily accessed by the road network on the project. A portion of the proceeds will also be used for general corporate purposes.

About BCM Resources Corporation

BCM Resources Corporation is a diversified Canadian mineral exploration company now focused on completing Phase 1 discovery drilling of the Thompson Knolls property, its key asset. BCM also controls prospective Copper, Gold, and Molybdenum exploration projects in British Columbia. BCM Resources is managed by experienced and successful board members and advisors. For further information, including area maps, sections, and photos, please visit our web site at www.bcmresources.com or contact us by email at info@bcmresources.com.

ON BEHALF OF BCM RESOURCES CORP.

"Dale McClanaghan"

Chief Executive Officer

For further information please contact: Dale McClanaghan @: 1 (604) 644-9844 info@bcmresources.com www.bcmresources.com

Caution Concerning Forward-Looking Statements:

This news release and related texts and images on BCM Resource Corporation' swebsite contain certain "forward-looking statements" including, but not limited to, statements relating to interpretation of mineralization potential, drilling and assay results, future exploration work, and the anticipated results of this work. Forward-looking statements are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metals prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical, governmental, social, or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the company's projects; uncertainties involved in the interpretation of sampling and drilling results and other tests; the possibility that required permits and access agreements may not be obtained in a timely manner; risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions, and; the possibility of cost overruns or unanticipated expenses in these exploration programs.