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Etruscus Increases Private Placement to $2.7 Million

Press Release

Vancouver, BC: Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE: ERR) (the “Company” or “Etruscus”), a Vancouver-based exploration company, is pleased to announce that due to significant market demand for its previously announced non-brokered private placement (the “Private Placement“), the Company has increased the size of the Private Placement to up to $2,700,000. The Private Placement consists of Flow-through Units (“FT Units“) at a price of $0.35 per FT Unit and Non Flow-through Units (“NFT Units“) at a price of $0.30 per NFT Unit. The Company announced the closing of a tranche of the Private Placement on June 9, 2021 for gross proceeds of $1,000,025. Final amounts raised and number of units issued will be disclosed at the time of closing, which is expected to be on or about June 30, 2021.

As described in the Company’s news release dated April 26, 2021, the flow-through funds will be used for continued exploration of the Company’s Rock & Roll and Sugar Properties. Non-flow-through funds will be used for both exploration and general working capital.

Each non-flow-through unit consists of one common share and one-half (½) of a share purchase warrant with each whole warrant exercisable into one additional common share at a price of $0.40 per share for a 2-year period.

Each flow-through unit consists of one flow-through common share and one-half (½) of one non-flow-through share purchase warrant with each whole warrant exercisable into one additional common share at a price of $0.45 per share for a 2-year period.

All shares issued under the private placement will be subject to a hold period of four months and one day from the date of issuance. Finders’ fees may be paid in accordance with securities regulations.

The flow-through shares will qualify as “flow-through shares” for the purposes of the Income Tax Act (Canada) (the “Act”). The Proceeds of the flow-through private placement will be used to incur “Canadian exploration expense” (within the meaning of the Act). The Company will renounce these expenses to the purchasers with an effective date of no later than December 31, 2021, and as required under the Act.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Etruscus

Etruscus Resources Corp. is a Vancouver-based exploration company focused on the development of its 100%-owned Rock & Roll and Sugar properties comprising 27,880 hectares near the past producing Snip mine in Northwest B.C.’s prolific Golden Triangle.

Etruscus is traded under the symbol “ETR” on the Canadian Securities Exchange, “ETRUF” on the OTC and “ERR” on the Frankfurt Stock Exchange and has 31,601,284 common shares issued and outstanding.

Company Contact

Gordon Lam, CEO

Email: [email protected]

Telephone: 604-336-9088

Website: www.etruscusresources.com

Investor Relations Contact

Derek Wood

Email: [email protected]

Telephone: 403-668-7855

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