ProAm Explorations Corporation — Capital/Financing Update 2021

Jun 14, 2021

Osec Petroleum Inc. Osec Petroleum Canada Limited

ProAm Ex lorations Cor oration p p

867 West 3[rd] Street, North Vancouver, BC, Canada V7P 1E2 Telephone: 604-988-3306 Facsimile: 604-985-6340

NEWS RELEASE

Vancouver, British Columbia, June 14, 2021 – ProAm Explorations Corporation (“ProAm” or “ the Company ”) (TSX.V:PMX ) is pleased to report select assay results from sampling conducted over the Barite Hill gravity and geochemical anomaly and the adjacent Emma geochemical anomaly. Highlights of this sampling returned 147 ppm Ag (4.59 oz. Ag) with 0. 41% Cu, 283 ppm Ag (8.84 oz. Ag) with 1.98% Cu, 3.11% Cu, 5.1 ppm Ag (0.16 oz. Ag) with 3.96% Cu, and 176 ppm Ag (5.5 oz. Ag) and a Pb overlimit of 20%. Six Ag samples from Barite Hill and the newly discovered adjacent Emma zone assayed from 12.75 ppm Ag (0.4 oz. Ag) to 283 ppm Ag (8.8 oz. Ag).

All samples described have been assayed by ALS protocol ME-MSG1, and for overlimit samples Ag-OG62 for silver, Cu-OG62 for copper, and Pb-OG62 for lead.

To further the exploration of the of the larger area under ProAm’s claims, a small section of the total property related to the bigger of three gravity anomalies, in the area referred to as Barite Hill, was chosen to conduct a small Induced Polarization (I.P.) and Magnetic - gradiometer geophysical survey. Accordingly, Big Sky Geophysics from Montana was contracted to run an I.P. trial line coincident with Gravity Line 4 looking for a conductive zone below Barite Hill. The electrode configuration (dipole-dipole array) gave ProAm a look down of approximately 300 metres (980 feet). The I.P. survey was also accompanied by a magnetic - gradiometer survey.

According to Clark Jorgensen of Big Sky:

“ The resistivity//I.P. data show an anomaly slightly north of the gravity anomaly. The resistivity data show a broad somewhat conductive zone at approximately 250 – 300 meters at depth. This conductive zone is capped by a strongly resistive zone. The center of the line also shows elevated chargeability values that increase with depth. The resistivity inversion also seems to indicate a contact at approximately station 3050. The section south of 3050 is more conductive than the section to the north. The conductive zone at depth is the best drill target from this survey.

The magnetometer survey showed there are some strongly magnetic units present. In particular the black outcrop that goes through the center of the valley with the prospect pit is very magnetic. The second magnetic profile line revealed a stronger magnetic response in an area

that is entirely covered by pediment. There is good contrast in the magnetic data and I recommend a detailed magnetic survey be conducted to better map the units”

Given these test results the company is currently contemplating a much broader geophysical survey in accordance with its view of the exploration program which is supported by the recommendation of the geophysicist.

D.L. Trueman Ph.D, P.Geo is the 43-101 Qualified Person overseeing this work.

On behalf of the Board of Directors of ProAm Explorations Corporation

Donald L. MacDonald President /Director

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this news release.