Vancouver, B.C., Canada, December 15, 2020 – Golden Pursuit Resources Ltd. (the “Company”) announces that further to its news releases dated November 11, 2020 and December 7, 2020, the Company has completed a non-brokered private placement financing of 3,425,000 units where each unit comprises of one common share and one share purchase warrant exercisable at $0.30 for two years for an aggregate amount of
$685,000.

The Company has paid a cash commission of $48,000 and granted 240,000 finder’s fee warrants.

All securities issued are subject to a four month hold period which will expire on April 11, 2021.

The Company will not be proceeding the with the investor relations agreement with Derrick Townsend.

GOLDEN PURSUIT RESOURCES LTD.
Per: “Brian McClay”
Brian McClay, President

CONTACT INFORMATION:
Brian McClay
Email: bmcclay@aol.com
Tel: (604) 730-6982

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.