MinKap Announces Resignation and Appointment of New Director

TORONTO, January 7, 2020 - MinKap Resources Inc. (TSXV:KAP) (the "Company"), announces the resignation of Mr. James Fairbairn as a Director of the Company, effective immediately. The Company wishes to thank Mr. Fairbairn for his valuable contribution to the Company and wishes him every success in his future endeavours.

The Company is also pleased to announce the appointment of Mr. Errin Kimball to the Board of Directors. Mr. Kimball is an exploration geologist with over 25 years of industry experience. He has numerous successes in precious and base metals, diamonds, oil sands, industrial minerals and aggregates. As one of Canada's leading explorationists, he led teams responsible for the discovery of more than 10 billion barrels (1.5 billion cubic metres) of bitumen. He brings practical experience with a systematic method of executing projects successfully. Mr. Kimball previously served as Chief Geologist to Synenco Energy Inc., and Vice President Exploration for Oilsands Quest Inc. where he was instrumental in working with the executive team in raising over 500 million dollars from both private and public markets. He has more recently been involved in private gold exploration projects in British Columbia, Yukon, Alaska, and New Mexico.

On behalf of the Board of Directors

MinKap Resources Inc.

Jonathan Armes
President & CEO
Phone 1 (416) 708-0243

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 press release.

This press release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities laws and regulations, including statements regarding the future activities of the Company. Forward looking statements reflect the current beliefs and expectations of management and are identified by the use of words including "will", "anticipates", "expected to", "plans", "planned" and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward-looking statements is subject to a number of risks, including those described in the Company's management discussion and analysis as filed with the Canadian securities regulatory authorities which are available at www.sedar.com. Investors are cautioned not to place undue reliance upon forward-looking statements.

SOURCE: MinKap Resources Inc.