Luckystrike Resources Appoints Newell President, CEO and Director

VANCOUVER, Nov. 05, 2019 - Luckystrike Resources Ltd. (“Luckystrike” or the “Company) announces that Bill Chornobay has stepped down as President, CEO and director of the Company effective November 5, 2019, and he will remain on as special advisor to the company. The board and management thank him for his leadership and the contributions he has made to the Company.

John Newell will assume the positions of President, CEO and director of Luckystrike. John has over 35 years' experience in the investment industry acting as an officer, director, and Portfolio Manager of a Global Precious Metal Fund. He has worked with some of the largest investment firms in Canada as a branch manager. John is a mineral exploration and development entrepreneur with over 18 years of exploration, development and mining finance experience, raising over $500 Million in capital for some of the most successful exploration teams and mid-cap producers. John also has a regular column in many publications , and has several years of experience working with a network of professionals in the mining sector, as well as a broad network of retail to institutional investors that follow his work through the strategic phase of a company's growth of prospects in precious metals.

Management looks forward to working with Mr. Newell to focus on strategic growth and identifying opportunities.

ON BEHALF OF THE BOARD
Lucy Zhang, Director and CFO

For new information from the Company's programs, please visit Luckystrike's website at LuckystrikeRes.com or contact John Newell by telephone at (604) 568-8807 or by email at info@luckystrikeres.com.

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

Forward-Looking Statements

Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “anticipates”, “expects”, “understanding”, “has agreed to” or variations of such words and phrases or statements that certain actions, events or results “would”, “occur” or “be achieved”. Although Luckystrike has attempted to identify important factors and risks that could affect Luckystrike and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended, including, without limitation: inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with Luckystrike’s expectations; accidents, equipment breakdowns, title and permitting matters; labour disputes or other unanticipated difficulties with or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on its projects; that Luckystrike may not be able to confirm historical exploration results and other risks set forth in Luckystrike's public filings at www.sedar.com. In making the forward-looking statements in this news release, Luckystrike has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Luckystrike does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Luckystrike Resources Ltd.
1010 -1130 West Pender Street
Vancouver, British Columbia
Canada, V6E 4A4
Telephone: 604 568 8807
Facsimile: 604 681 1864
IR: 604 805 0375

LuckyStrikeRes.com