Transatlantic Mining Corp. — Capital/Financing Update 2020

Jan 9, 2020

TRANSATLANTIC

MINING

Transatlantic Mining Corp. Announces Letter of Intent to Sell US Grant Asset and the Kearsarge Project

TCO NEWS RELEASE-VANCOUVER, B.C., January 9, 2020 – Transatlantic Mining Corp. (the “Company”) (TCO:TSX.V) announces that it has entered into a letter of intent and exclusivity period with a third party to sell the US Grant Mine and Mill in conjunction with the Lease Assignment of the Kearsarge Gold Project (collectively the “Assets”). The Assets are currently managed and owned under the Company’s wholly owned subsidiary, Transatlantic Montana.

Details of Transaction:

• Payment of $550,000 USD (now received)
• Exclusivity period of 60 days

Both parties have set a period of final due diligence with a final review period of 60 days from December 30, 2019. If the Sale and Purchase Agreement does not proceed or complete, then the $550,000 USD will be converted in TCO shares at $0.05CAD per share.

The transactions is subject to acceptance for filing by the TSX Venture Exchange (the “TSX.V”). A further announcement will be made in regards to the transaction on or before the expiry of the due diligence review period.

Both companies see excellent future upside in these gold assets that will realize future opportunities commensurate with high grade gold mineralization and a near term gold processing solution.” commented Bernie Sostak CEO of Transatlantic Mining.

About Transatlantic Mining Corp.

Transatlantic Mining (TSX-V: TCO) is an emerging precious and base metal explorer. The Company has a focus on converting projects into mines within stable mining jurisdictions. The Company entered a purchase agreement towards 100% of the US Grant Gold-Silver Mine & Mill complex in Montana (USA). The Company has also a lease (option to purchase) agreement on 100% of the Kearsarge Gold project in Montana, located 8 km from the US Grant Mill.

The Company is also engaged in controlling and owning mineral properties interests, such as the 80% Joint Venture position on the Monitor Copper-Gold project in Idaho (USA).

For further information please contact: Bernie Sostak +61 (0) 439 904 044

Email : info@transatlanticminingcorp.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

Transatlantic Mining Corp. | Suite 400 | 837 West Hastings Street | Vancouver | Canada V6C 3N6 T 604-424 8257 | F 604-357 1139 | www.transatlanticminingcorp.com