Lupaka Gold Corp. — Share Issue/Capital Change 2021

Nov 27, 2021

Lupaka Announces Grant of Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA, November 26, 2021 – Lupaka Gold Corp. (" Lupaka Gold " or the “ Company ") (TSX-V: LPK, FRA: LQP) reports that effective November 26, 2021, the Company has granted 3,000,000 incentive stock options to employees, consultants, officers and directors of the Company, pursuant to its 2010 Incentive Stock Option Plan. The options vest over 18 months from date of grant and are exercisable on or before November 26, 2026, at a price of $0.05 per share.

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

About Lupaka Gold

Lupaka is an active Canadian-based junior mining exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions of North and South America.

FOR FURTHER INFORMATION PLEASE CONTACT:

Gordon Ellis, C.E.O. gellis@lupakagold.com Tel: (604) 985-3147 (ext 2)

or visit the Company’s profile at www.sedar.com or its website at www.lupakagold.com