G Mining TZ Corp. — Capital/Financing Update 2020

Jan 24, 2020

200 Burrard Street, Suite 1680 Vancouver, British Columbia, V6C 3L6 Tel: (604) 678-5308 www.kanadariogold.com

KANADARIO GOLD INC.

Kanadario Announces Warrant Amendment

Vancouver, BC – January 23, 2020 – Kanadario Gold Inc. (TSXV: KANA) (the “ Company ” or “ Kanadario ”) announces that it has made an application to the TSX Venture Exchange to amend the terms of up to 3,000,000 common share purchase warrants issued January 31, 2019, each currently exercisable at a price of $0.15 until January 31, 2020 (the “ Warrants ”). The Company proposes to amend the terms of the outstanding Warrants, effective at the close of business on January 31, 2020, by increasing the exercise price of the Warrants to $0.19 and extending the term of the Warrants to January 31, 2021 (the “ Amendment ”).

The Amendment is subject to the final approval of the TSX Venture Exchange, as well as written consent of the holders of the Warrants. Any Warrant holder who wishes to exercise Warrants on their initial terms may do so on or before January 31, 2020 by following the Warrant exercise instructions included in the Warrant certificate.

Securityholders with inquiries regarding their Warrants or the Amendment are encouraged to contact the Company at 1(855) 584-0258 or dom@rsdcapital.com at any time.

ON BEHALF OF THE BOARD OF DIRECTORS,

Dominic Verdejo President and CEO

For more information, please contact 1(855) 584-0258 or dom@rsdcapital.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.

Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively "forwardlooking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.