An anonymous director reports

MIRAMONT RESOURCES CORP. ANNOUNCES NAME CHANGE TO KUYA SILVER CORPORATION AND PROPOSED LISTING ON CANADIAN SECURITIES EXCHANGE

Further to its news releases dated June 11, 2020, July 23, 2020, and Aug. 21, 2020, Miramont Resources Corp. has received conditional approval from the Canadian Securities Exchange to list the resulting issuer shares (as defined herein) for trading pursuant to the amalgamation agreement dated June 10, 2020, with Kuya Silver Corp. and 2757974 Ontario Inc., whereby the company will acquire all of the issued and outstanding securities of Kuya in exchange for shares of the company.

Furthermore and in connection with the transaction, the company will be changing its name from Miramont Resources to Kuya Silver Corp. Concurrently with the name change and in connection with the transaction, the company will also complete a consolidation of its issued and outstanding share capital on the basis of one postconsolidated common share for every 10 preconsolidated common shares. No fractional shares will be issued as any fractional share will be rounded down to the nearest whole number. In addition, the number, exercise price or exchange basis of all warrants and stock options will be adjusted, as applicable, to reflect the one-for-10 consolidation.

Following the completion of the transaction, and the concurrent name change and consolidation, the common shares of the resulting entity are expected to trade under the symbol KUYA. The new Cusip number will be 50149R107 and the new ISIN (international securities identification number) will be CA50149R1073. Currently, a total of 55,773,234 common shares of the company are issued and outstanding and, after the consolidation, the company will have approximately 5,577,323 resulting issuer shares issued and outstanding. Following completion of the transaction, after giving effect to the approximately 26,763,417 resulting issuer shares issued to the former Kuya shareholders, the company will have approximately 32,340,740 resulting issuer shares issued and outstanding.

The consolidation is subject to the approval of the CSE and, once the consolidation is approved, the new Cusip number and postconsolidation resulting issuer shares will be sent out to registered shareholders of the company by the company's transfer agent, Computershare Investor Services Inc. The company anticipates the effective date of the consolidation and name change to take place on the completion date of the transaction.

Further disclosure

Trading in the common shares of the company has been halted by the CSE since June 11, 2020, following the announcement of the amalgamation agreement and will remain halted until the resumption of trading subsequent to obtaining final approval from the CSE.

For additional information on the transaction, please refer to the initial news releases. The company will issue further press releases regarding the transaction as information becomes available.

About Kuya Silver Corp.

Kuya is a privately held Canadian-based silver-focused mining company, earning into an 80-per-cent interest in the Bethania silver mine, located in central Peru. Bethania was in production until 2016, toll milling its ore at various other concentrate plants in the region, and Kuya's plan is to implement an expansion and construct a concentrate plant at site before restarting operations. Bethania produced silver-lead and zinc concentrates from the run-of-mine material until being placed on care and maintenance due to market conditions and lack of working capital. It is expected that, shortly after the closing of the transaction and concurrent financing, Kuya will close its acquisition of the 80-per-cent interest in the Bethania silver mine.

About Miramont Resources Corp.

Miramont is a Canadian-based exploration company with a focus on acquiring and developing mineral prospects within world-class belts of South America. The company's shares are listed on the CSE under the symbol MONT.

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