Major Precious Metals Announces C$10,000,000 Non-Brokered Private Placement - Seite 2

The Skaergaard Project also contains other “critical metals” such as vanadium and titanium, which will be evaluated for their economic potential as part of the upcoming summer exploration program, an updated mineral resource estimate, and PEA. Moreover, the mineralization within the licence area of the Skaergaard layered intrusion is open in all directions and the Company plans to explore its new large exploration licence to the north. We are now fully prepared for the summer exploration program at Skaergaard with mobilization planned in early July.

It is also interesting to note that Greenland ranks second in Europe after Finland and above Mexico, Norway, and Canada’s Northwest Territories in “Investment Attractiveness” according to the recent Fraser Institute Annual Survey of Mining Companies (2020), and that is reflected in its fair and modern mineral licencing framework.

Skaergaard as a development project has been effectively dormant for over a decade and we are relaunching at a time of buoyant precious metal prices, and we believe we can add further significant value as we progress the Skaergaard Project along the Mine Development Cycle over the coming months.”

Private Placement Details

The securities issued pursuant to the Offering will be subject to a four (4) month hold period from the applicable closing date. The closing of the Offering is subject to a number of conditions including, but not limited to approval of the Offering by the Canadian Securities Exchange. The Company may pay Finders Fees to applicable finders and the Offering may be closed in one or more tranches.

Proceeds from the Offering will be used to progress exploration and evaluation of the Company’s Skaergaard Project and for general working capital purposes.

Qualified Person Statement

All scientific and technical information contained in this news release was prepared and approved by Paul Ténière, P.Geo., President of Major Precious Metals Corp, who is a Qualified Person as defined in NI 43-101

On behalf of the Board of Directors

MAJOR PRECIOUS METALS CORP.

Anthony (Tony) Williams
Chairman and CEO
Suite 810 - 789 West Pender Street
Vancouver, BC V6C 1H2
Ph: 1-877-475-0963
[e-mail]

About Major Precious Metals Corp.

Major Precious Metals is a Canadian junior mining company listed on the Canadian Securities Exchange (“CSE”) and its common shares trade under the ticker symbol “SIZE”. The Company’s flagship project is the Skaergaard Project in Greenland containing one of the largest palladium and gold deposits outside the major PGM producing areas of Russia and South Africa. The Company is focused on accelerating the progress of the Skaergaard Project along the Mine Development Cycle and has recently initiated a further major work program of drilling and economic evaluation.