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In other corporate news, APM has submitted an application to the Canadian Securities Exchange (the “CSE”) for approval to extend the expiry date of 7,301,000 common share purchase warrants (the “Warrants”) originally issued on February 28, 2019 pursuant to a non-brokered private placement (refer to press releases dated March 1, 2019).

The Warrants are exercisable into common shares of the Company at a price of $0.20 per common share and currently have an expiry date of February 28, 2020, subject to an acceleration provision that provides that the Company may abridge the exercise period of the Warrants in the event (the “Trigger Event”) that the closing price of the common shares is greater than $0.25 for five or more consecutive trading days provided that (a) the Company gives notice of the Trigger Event by way of a news release, and (b) the earlier expiry date is a date which is not less than 30 calendar days after the date of such press release. The Company wishes to extend the expiry date of the Warrants by twelve (12) months to 4:00PM PST on February 28, 2021. All other terms and conditions of the Warrants, including the exercise price, remain the same.

The proposed extension constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) as a related party to the Company holds an aggregate of 125,000 of the Warrants being amended or approximately 1.7% of the Warrants being amended. However, in accordance with MI 61-101, the exemptions from formal valuation and minority approval requirements can be relied upon as the fair market value of the Warrants does not exceed 25% of the Company’s market capitalization.

About American Pacific Mining Corp.

American Pacific Mining Corp. is a gold explorer focused on precious metal opportunities in the Western United States. The Gooseberry Gold/Silver Project and the Tuscarora Gold Project are two high-grade, precious metal projects located in key mining districts of Nevada USA. The company’s mission is to grow by the drill bit and by acquisition. American Pacific is Eyeing a Gold Discovery amidst gold’s next bull market.

On Behalf of the Board of American Pacific Mining Corp.