CYNTAR VENTURES INC.

Suite #905-1030 West Georgia St.

Vancouver, BC Canada V6E 2Y3

Phone (604) 689-2646

Fax (604) 689-1289

Trading Symbol: CSE - CYN

January 29, 2020                                                                                                                         

CYNTAR VENTURES INC. - EXTENSION OF AGREEMENT ON LOAN PROPERTY AND EXTENSION OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT

CYNTAR VENTURES INC. (the "Company") (CSE: "CYN") wishes to announce that it has negotiated an extension of its Option Agreement dated July 18, 2017 and as amended (the "Agreement") to acquire 100% interest in the Lorn mineral property located in the Clinton and Lillooet Mining Divisions of British Columbia. The amendment extends all future option payments, share issuances, and exploration work from their original dates.  As consideration for the extension granted, the Company has agreed to pay an additional $10,000 by February 15, 2020.

The Company further announces that is previously announced private placement of up to 10,000,000 common shares (the "Offered Shares") at a price of CDN$0.08 per share for gross proceeds of up to CDN$800,000 is expected to close on or about February 28, 2020 and is subject to certain conditions including receipt of all necessary regulatory approvals inclusive of the CSE.  The Offered Shares will be subject to a four month and one day hold.

For further information, please contact:

Harry Chew, President, CEO Phone: (604) 689-2646

ON BEHALF OF THE BOARD OF DIRECTORS

"Harry Chew"

Harry Chew

President, CEO

Cautionary Statement:

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-looking information:

This news release contains forward-looking information relating to the Company's proposed activities and other statements that are not historical facts. Forward-looking information relates to management's future outlook and anticipated events or results, and include statements or information regarding the future plans or prospects of the Company. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. These factors include risks and uncertainties associated with the results of diligence investigations, developments in the cannabis sector, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, reliance on key personnel, regulatory risks and delays and other risks and uncertainties discussed in the management discussion and analysis section of the Company's interim and most recent annual financial statement or other reports and filings, including the Company's Listing Statement, made with the applicable Canadian securities regulators. There can be no assurance that such information will prov e to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information.