Mr. Graham Harris reports

BLACK MOUNTAIN GOLD INCREASES AMOUNT OF PRIVATE PLACEMENT FOR PROCEEDS OF UP TO CDN $5,000,000

On Jan. 19, 2021, Black Mountain Gold USA Corp. arranged a non-brokered private placement of 10 million units at a price of 40 cents per unit, for gross proceeds of $4-million.

As a result of strong investor interest, the company is increasing the private placement to 12.5 million units at a price of 40 cents per unit for proceeds of up to $5-million.

The other terms and conditions of the private placement remain the same. Each unit will consist of one common share and one-half share purchase warrant, with each whole share purchase warrant being exercisable for a period of two years at a price of 60 cents per share. The warrants will also be subject to an accelerated expiry in the event the common shares of the company trade on the exchange at a price of $1 or higher for 10 consecutive trading days. The private placement may include finders' fees of up to 8 per cent cash.

We seek Safe Harbor.