Mr. John Miniotis reports

ABRAPLATA UPSIZES PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT

Abraplata Resource Corp. has increased the size of its previously announced non-brokered private placement of units from $15-million to $18-million. Upon closing of the offering, the company will issue up to 66,666,667 units at a price of 27 cents per unit. Each unit will consist of one common share in the equity of the company and one-half of one share purchase warrant. Each warrant will entitle the subscriber to purchase one additional common share at a price of 40 cents until the second anniversary of the closing date of the offering.

The proceeds of the offering will be used for exploration of the company's mineral properties and general corporate purposes.

The offering is scheduled to close on or about Aug. 27, 2020, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals of the TSX Venture Exchange.

About Abraplata Resource Corp.

Abraplata is a mineral exploration company with a diversified portfolio of silver-gold and copper exploration projects in Argentina and Chile. The company is focused on advancing its 100-per-cent-owned Diablillos silver-gold project in the mining-friendly Salta province of Argentina, which is well advanced, with more than $35-million (U.S.) spent historically on exploration, with drilling continuing and an initial open-pit preliminary economic assessment completed in 2018. The company is led by an experienced management team and has long-term supportive shareholders, including Altius Minerals and SSR Mining. In addition, Abraplata owns the Arcas project in Chile, where Rio Tinto has an option to earn up to a 75-per-cent interest by financing up to $25-million (U.S.) in exploration. Abraplata is listed on the TSX-V under the symbol ABRA.

We seek Safe Harbor.