Decade Resources Ltd. — Capital/Financing Update 2020

May 7, 2020

DECADE RESOURCES LTD. 426 King Street Stewart, BC V0T 1W0

April 29, 2020

TSX-V Trading Symbol: DEC

NEWS RELEASE

Shares for Debt

Stewart, BC – Decade Resources Ltd. (" Decade " or the " Company ") (TSXV: RBL.P), is pleased to announce it is entering into agreements with several creditors pursuant to which it will issue 10,000,000, at a deemed price of $0.025 per share, to settle indebtedness of $250,000. All of the 10,000,000 shares are to be issued to related parties. The issuance of the shares is subject to TSX Venture Exchange approval.

Edward Kruchkowski, the Chief Executive Officer, President and a director of the Company, Randolph Kasum, the Chief Financial Officer and a director of the Company, and Brian Morrison, a director of the Company will participate in the shares for debt by receiving, either directly or indirectly through their privately owned companies, an aggregate of 10,000,000 shares. The participation by such officers and directors are considered “related party transactions” as defined under Multilateral Instrument 61-101 (“MI 61-101”). The transactions are exempt from the formal valuation and minority shareholder approval requirements under MI 61-101 as neither the fair market value of the shares to be issued to, nor the consideration paid by, the related parties will exceed 25% of the Company's market capitalization.

The Company expects that the proposed debt settlements will assist the Company in securing financing.

BY ORDER OF THE BOARD OF DIRECTORS OF DECADE RESOURCES LTD

"Randolph Kasum" Randolph Kasum Director

FORWARD LOOKING STATEMENTS

This news release may contain forward‐looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. 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 may differ materially from those in forward looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.