Mr. Jean-Francois Perras reports

MODIFICATION OF THE OPTION AGREEMENT ON UMEX WEST

MPV Exploration Inc. has modified the terms of the agreement for the Umex West property between Tectonic Resources Inc. and MPV, originally dated March 31, 2017. This modification entirely eliminates the balance of the $200,000 exploration expenditure obligation for MPV for the fourth and last year of the agreement. The agreement still allows MPV to acquire a 100-per-cent interest in the Umex West property by March 31, 2021.

COVID-19 pandemic

MPV is complying with the order of the government of Quebec to cease all exploration activities in response to the COVID-19 pandemic.

About MPV Exploration Inc.

MPV Exploration is a mineral exploration company focused on base metal projects in the Chibougamau region of Northern Quebec.