Mr. David O'Brien reports

STUHINI EXPLORATION LTD. OPTIONS QUE PROPERTY IN YUKON

Stuhini Exploration Ltd. has entered into an option agreement with Nokuyukon Holdings Ltd., an arm's-length vendor, whereby Stuhini can acquire a 100-per-cent interest in the vendor's Que property, located in south-central Yukon, Canada.

The property was first staked in the mid-1960s, after the discovery of several large, rusty, gossanous kill zones. The rust zones are believed to indicate buried massive sulphides; however, the overburden is up to 30 metres deep and very little outcrop occurs within the area. The property has been privately held by the vendor's family since this time.

The vendor's family has instigated small-scale exploration programs since the 1960s and has found gold-bearing veins and a gold-bearing felsic horizon on Kingdome Ridge. Soil sampling has also identified gold-in-soil anomalies.

In the 2019 field season, Stuhini geologists spent an afternoon on the property conducting due diligence. During this visit, they confirmed the presence of the gossanous kill zones and the occurrence of gold mineralization within outcropping quartz veins. A grab sample collected during this visit assayed 11.7 grams per tonne gold.

The Que project is road accessible from Yukon Highway No. 6 (Canol Road) and is located 70 kilometres north of Johnson's Crossing on the Alaska Highway.

The property consists of 108 mineral claims and is 2,246 hectares in size. The company staked an additional 1,996 hectares, bringing the entire claims package to approximately 4,243 hectares.

David O'Brien, president and chief executive officer of Stuhini, commented: "We are pleased with the agreement, as it potentially represents a new district in a relatively unexplored area of the Yukon. Only limited exploration has been done on the property, and a modern, systematic exploration program is warranted. This potential acquisition is in line with our goal of enhancing shareholder value by acquiring and cost-effectively exploring high-potential mineral projects in Western Canada. The relatively close proximity of the property to both the Metla and the Ruby Creek properties offers the company optionality, in that much of the work can be serviced out of Atlin, B.C. Additionally, there are no cash or work commitments associated with the agreement, allowing the company maximum financial flexibility as it advances all its projects forward."

Stuhini can earn a 100-per-cent interest in the property by issuing up to five million common shares over a four-year term to exercise the option. The vendor has retained the right to develop and exploit the property for precious and semi-precious gemstones, including jade minerals, provided that no such exploration, development or exploitation of the property by the vendor shall interfere with the company's current or future mining work on the property.

The only committed payment is the issuance of 200,000 shares on the date of acceptance of the agreement by the TSX Venture Exchange. The balance of the share issuances is at the company's election, should it wish to maintain the option after year 1. Upon exercise of the option, the vendor will be entitled to a 1-per-cent net smelter return royalty on the property.

Date for completion                       Shares   

Approval date                            200,000  
First anniversary of approval date       400,000  
Second anniversary of approval date      600,000  
Third anniversary of approval date       800,000  
Fourth anniversary of approval date    3,000,000
Total                                  5,000,000

There are no finders' fees payable in connection with this agreement. The company incurred staking costs of $28,233 to stake the additional 1,996 hectares in order to better consolidate the Que project claims.

This agreement is subject to approval of the exchange.

The technical disclosures contained in this news release have been approved by Andrew Wilkins, PGeo, who is a qualified person for the purposes of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

About Stuhini Exploration Ltd.

Stuhini Exploration is a mineral exploration company that is focused on the exploration and development of precious and base metal properties, with its focus on the Metla property, located in northwestern British Columbia, Canada, approximately 150 kilometres south of the town of Atlin, and the Ruby Creek property, located approximately 20 kilometres east of Atlin.

We seek Safe Harbor.