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New Target Mining Corp. Capital/Financing Update 2021

Apr 20, 2021

48010_rns_2021-04-20_0bd7f837-6e95-4faa-b358-32f4ccbb7b07.pdf

Capital/Financing Update

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NEW TARGET MINING CORP. COMMENCES TRADING ON THE TSX VENTURE EXCHANGE UNDER THE SYMBOL ‘NEW’

Vancouver, British Columbia – April 20, 2021: New Target Mining Corp. ( TSX-V: NEW ) (the “ Company ”) is pleased to announce that the common shares of the Company commence trading today on the TSX Venture Exchange under the trading symbol “NEW”. As announced on April 15, 2021, the IPO raised aggregate gross proceeds of $450,000, with 265 individual Investors.

About New Target Mining Corp. : New Target Mining Corp. is a new mineral exploration company, focused on the acquisition, exploration, and development of mineral resource properties. The Company has an option to acquire a 100% interest and title to the Scarlett Property located in the New Westminster Mining Division, Mission, British Columbia.

Contact Information - For more information, please contact: Todd Hanas, Chief Executive Officer Tel: (778) 994 8072 Email: [email protected]

Forward-Looking Statements

‐ This press release contains “forward looking information or statements” within the meaning of Canadian securities laws, which may include, but are not limited to statements relating to the commencement of trading in the Company’s common shares and its future business plans. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are 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 the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, fluctuations in metal and commodity prices, market prices, failure to obtain permits, and continued availability of capital and financing, and general economic, market or business conditions. In particular, there is no guarantee that exploration work, as proposed, or otherwise, will be completed on the Scarlett Property. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those set out in the Company’s final long form prospectus dated March 2, 2021 and filed under the Company’s profile on ‐ ‐ SEDAR at www.sedar.com. The Company does not undertake to update forward looking statements or forward looking information, except as required by law. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Neither 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.