Q2 Metals Corp. — Capital/Financing Update 2020

Jul 3, 2020

TSX.V: MFX

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MINFOCUS EXPLORATION COMPLETES PRIVATE PLACEMENT FINANCING

July 3, 2020 - Vancouver, B.C., Minfocus Exploration Inc. (TSX.V: MFX) (“ Minfocus ” or the “ Company ”) announces the completion of its previously announced private placement through the issuance of 5,900,000 units at a price of $0.03 per unit for aggregate proceeds of $177,000. Each unit consists of one common share of the Company (a “Share”) and one share purchase warrant with each share purchase warrant (a “Warrant”) entitling the holder to acquire one common share of the Company at a price of $0.05 until July 3, 2022. All securities issued are subject to a hold period expiring on November 4, 2020. The proceeds of the private placement will be used toward general working capital.

About Minfocus Exploration Corp.

Minfocus is a Canadian mineral exploration company currently advancing a portfolio of North American precious and base metals projects, including gold in Nevada, USA and three Mississippi Valley-type zinc projects in British Columbia and Newfoundland, Canada. Minfocus is led by a highly experienced technical team with a track record of success in exploration worldwide.

FOR FURTHER INFORMATION PLEASE CONTACT:

Alicia Milne President and Director Telephone: 1 (604) 808-5282 E-mail: aliciamilne@shaw.ca

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.