Mr. Rene Benard reports

SHOWCASE MINERALS ACQUIRES GRASSY AND PREMIER EAST GOLD PROJECTS, ARRANGES FINANCING

Showcase Minerals Inc. has entered into a mineral property purchase agreement whereby it will acquire a 100-per-cent interest in two mineral properties located north of Stewart, B.C., and just east of the Premier gold mine in the prolific Golden Triangle region. The Premier gold mine produced over two million ounces of gold from 1918 to 1952.

In consideration of acquiring a 100-per-cent interest in the mineral properties, known as the Grassy and Premier East gold projects, Showcase will issue five million common shares in its capital to the vendor. The common shares will be subject to a four-month-and-one-day hold period from issuance.

The Premier East gold project

The Premier East property consists of one mineral claim comprising 325.28 hectares and is located approximately 10 kilometres north of Stewart, B.C., just to the east of the former Premier mine. Past exploration in the claim area was focused on the M.C. No. 1 (LC4407) showing located on the Bear River Ridge (east part of the mineral claim 551631). Two veins carrying a very abundant sulphide mineralization have been sampled. Previously, the zone has been explored by trenches, a 10-foot shaft and shallow diamond drill holes. Grove (1971) reports that picked high-grade samples assayed 0.16 ounce/tonne gold, 505 to 550 oz/t silver, 1.47 per cent copper, 35.15 per cent lead and 19.18 per cent zinc (Kretschmar, 1979). In 2018, Decade Resources Ltd. completed a geochemical sampling program that collected 45 rock samples. A new mineral occurrence, the Copper Coin showing, was discovered in the northern part of the property. Gold values ranged from less than five ppb (parts per billion) to 5.72 grams per tonne, silver ranged from 0.02 ppm (part per million) to 6,110 g/t, copper ranged from two ppm to 11.6 per cent, lead ranged from less than two ppm to 13.2 per cent and zinc ranged from eight ppm to 43.7 per cent (Decade website and ARIS report 42408).

The Grassy gold project

The Grassy property, which consists of two mineral claims comprising 830.3 hectares, is located 24 kilometres north of Stewart, B.C., in the Skeena mining division. The former Premier gold mine is located six kilometres to the south. The property has been subject to exploration from 1927 into the early 1960s, which included 60 metres of underground work on the Start showing. Two adits and numerous open cuts were completed on the Bush showings, as well as one adit and several open cuts on the Lakeshore showing. Mineralization on the Grassy property is of an epithermal, low-sulphidation type hosted in felsic pyroclastic of the Mount Dilworth formation. From 2011 to present, Decade Resources Ltd. has completed rock and soil sampling as well three drill holes. The best result was an intersection of 1.56 grams per tonne gold over 3.05 metres within a strong quartz stock work containing minor pyrite and low silver and base metals values. The claims comprising the Grassy property are subject to a 2-per-cent net smelter returns royalty.

Appointment of Rene Bernard as president

The company further announces that Mr. Bernard has been appointed as president and chief executive officer in place of Kirk Reed. Mr. Bernard has 25 years of experience in managing public mineral exploration companies as a director and executive. He currently acts as a director of MTB Metals Corp. The company wishes to thank Mr. Reed for his services. Mr Reed will continue as a director of and consultant to the company.

Private placement

Showcase announces its intention to complete a non-brokered private placement financing of up to three million units of the company at a price of seven cents per unit for total gross proceeds to the company of up to $210,000. Each unit will consist of one common share and one three-year transferable share purchase warrant entitling the holder to acquire an additional common share for 10 cents. The proceeds of the private placement will be used for debt payment and general working capital.

Insiders may participate in the private placement including subscriptions from related parties of the company as defined in Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The participation of insiders in the private placement is exempt from formal valuation and minority shareholder approval requirements pursuant to exemptions contained in sections 5.5(c) and 5.7(1)(a) of MI 61-101. The securities issued under the private placement will be subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the private placement.

The private placement and property acquisitions are subject to Canadian Securities Exchange acceptance for filing.

Qualified person

Ed Kruchkowski, PGeo, president of Decade Resources, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this news release. He has also supervised the sampling reported in this press release. Mr. Kruchkowski is not independent of Decade Resources, the vendor of the properties, as he is the president of the company.

About Showcase Minerals Inc.

Showcase Minerals is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral properties focusing on rare earth, critical energy and precious metals.

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