Gold Rush Cariboo Corp. Provides Update Regarding Delay in Interim Financial Statements Due to COVID-19

Toronto, June 11, 2020 - Gold Rush Cariboo Corp. (TSXV: GDBO) (OTC: SGRWF) ("Gold Rush" or the "Company") announces that, further to its press release of May 12, 2020, the Company wishes to provide an update with respect to its interim financial statements for the interim period ended March 31, 2020. The Company is relying upon the blanket relief program announced on March 18, 2020 (the "Blanket Order") by the Canadian Securities Administrators (the "CSA") extending deadlines to file financial statements and Management Discussion and Analysis ("MD&A"). The Company confirms that it is relying on the relief therein in respect of its interim financial statements and MD&A for the interim period ended March 31, 2020, which it intends to file by June 15, 2020. Until the Company has filed such financial statements and MD&A, insiders of the Company are subject to the Company's share trading and black-out policy.

Other than as previously disclosed by the Company, there have been no material business developments since the date of the interim financial statements and MD&A that were filed by the Company on March 2, 2020.

In addition, the Company announces it is continuing to execute against its current business plan, while also exploring various alternatives of financing for the company and business strategy. The Company acknowledges the given market conditions and challenges due to the global pandemic, and is looking to several options to attract new funding, including but not limited to a potential consolidation of the current common shares of the Company.

Conan Taylor
President
1-877-497-0528

We Seek Safe Harbour

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including, but not limited to, the timing of future exploration work or drilling, and the expansion of the mineralization. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Gold Rush Cariboo Inc.., including, but not limited to, the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of exploration results and estimates, currency fluctuations, dependency upon regulatory approvals, the uncertainty of obtaining additional financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/57741