Mr. Ken Booth reports

GITENNES ANNOUNCES PRIVATE PLACEMENT

Gitennes Exploration Inc. is undertaking a non-brokered private placement of up to 3.25 million flow-through units in the capital of the company at a price of 10 cents per FT unit for aggregate gross proceeds of up to $325,000.

The gross proceeds from the offering are intended to be used to incur Canadian exploration expenses that are flow-through mining expenditures (as such terms are defined in the Income Tax Act (Canada)) on the company's Quebec projects located in the Chapais-Chibougamau area.

The offering is expected to close on or before Dec. 23, 2020, subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the acceptance for filing of the offering by the TSX Venture Exchange and any applicable securities regulatory authorities. Each FT unit consists of one flow-through common share in the capital of the company and one-half of one non-flow-through common share purchase warrant, with each whole warrant entitling the holder thereof to acquire one additional non-flow-through common share in the capital of the company at a price of 15 cents per share for a period of 24 months.

The company may pay finders' fees to arm's-length parties that have introduced the company to subscribers participating in the offering. All securities issued in connection with the offering will be subject to a four-month-and-one-day hold period in Canada.

About Gitennes Exploration Inc.

Gitennes is in the business of exploring for and advancing mineral properties with a focus on high-grade or large tonnage gold deposits. The company currently has four properties in Quebec: JMW, Maxwell, RAL and New Mosher; the Snowbird gold property in British Columbia; and a 1.5-per-cent net smelter return royalty on the 18-million-ounce Urumalqui silver project in Peru. JMW and Maxwell are 100 per cent owned by Gitennes. RAL and New Mosher are under option and Gitennes can earn an initial 70 per cent and has the right to increase its ownership to 85 per cent.

We seek Safe Harbor.