Boundary Gold and Copper Mining Ltd. — Board/Management Information 2020

Jul 14, 2020

BOUNDARY GOLD AND COPPER MINING LTD. MAKES OPTION PAYMENT ON TOUGHNUT PROPERTY

Vancouver, British Columbia (July 13, 2020) – Boundary Gold and Copper Mining Ltd. (“Boundary” or the “Company”) (TSXV:BDGC) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) would like to announce further to the news release dated July 30, 2019 that it has made its 4[th] option payment on the Toughnut property.

As of July 4, 2017, the company entered into an option agreement to acquire a 100-per-cent interest in the Toughnut property, located in southeastern British Columbia. To acquire the Toughnut property, the company must pay $150,000, issue 50,000 common shares and incur $750,000 of exploration expenditures over a five-year period. As presented herein, the majority of the cash payments ($120,000) has been made and all exploration expenditure requirements have been satisfied. The requirements and status of the option agreement are as follows:

1. Pay $30,000 cash (paid) and issue 10,000 common shares on or before five business days following the effective date (June 30, 2017) (issued);

2. Pay $30,000 cash (paid) and issue 10,000 common shares on or before June 30, 2018 (issued);

3. Pay $30,000 cash (paid) and issue 10,000 common shares on or before June 30, 2019 (issued);

4. Pay $30,000 cash (paid) and issue 10,000 common shares on or before June 30, 2020

(Issued);

1. Pay $30,000 cash and issue 10,000 common shares on or before June 30, 2021;

2. Incur $750,000 in exploration expenditures on or before June 30, 2022 (completed).

The Toughnut property will be subject to a 2-per-cent net smelter return royalty on its acquisition by the company. The company shall have the right to purchase one-half of the 2- per-cent net smelter return royalty for the purchase price of $2-million on or before the date on which commercial production commences. The property is also subject to a 0.5-per-cent net smelter return royalty from the production of metals until the $1-million cap has been attained on the underlying royalty to the original sellers of the property.

The Company would also like to announce that it has appointed David Jenkins to the Board of directors following the resignation of Dino Minichiello.

On behalf of the Company

Russell Van Skiver CEO and Director 778-331-3353

About Boundary Gold and Copper Mining Ltd.

Boundary is a junior mining issuer listed on the TSX Venture Exchange. Boundary is focused on the exploration and development of the Kena Gold Property in BC. Find out more at: www.prizemining.com

For more information please contact:

info@prizemining.com

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Reader Advisory

Forward-Looking Statements. This news release contains forward-looking statements. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "scheduled", "potential", or other similar words, or statements that certain events or conditions "may", "should" or "could" occur.

The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by the Company at the time of preparation, may prove to be incorrect and readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date hereof. The Company does not undertake any obligation to release publicly any revisions to forward-looking information contained herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

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.