P2 Gold Appoints Grant Bond CFO

VANCOUVER, June 15, 2021 - P2 Gold Inc. ("P2" or the "Company") (TSX-V:PGLD) reports that it has appointed Grant Bond as Chief Financial Officer.

Grant Bond has over 12 years of professional financial experience and most recently served as Corporate Controller of Pretium Resources. He began his tenure at Pretium in 2016 where he helped improve its external reporting and internal controls framework as the Brucejack Mine transitioned into production. Mr. Bond is a CPA, CA and began his career at PricewaterhouseCoopers LLP after obtaining his Diploma in Accounting and Bachelor of Science from the University of British Columbia.

Mr. Bond succeeds Tom Yip who has retired as CFO. Mr. Yip joined the Company in late 2020 to increase the Company's financial strength and support the Company's transition to exploration in the western U.S. and British Columbia. Mr. Yip remains a member of the Board of Directors of the Company and is a Chartered Professional Accountant (CPA, CA) holding the ICD.D designation from the Institute of Corporate Directors.

About P2 Gold Inc.

P2 is a mineral exploration and development company focused on advancing precious metals discoveries and acquisitions in the western United States and British Columbia.

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Forward Looking Information

This press release contains "forward-looking information" within the meaning of applicable securities laws that is intended to be covered by the safe harbours created by those laws. "Forward-looking information" includes statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or comparable terminology. Such forward-looking information includes, without limitation, information with respect to the Company's expectations, strategies and plans for its exploration properties including the Company's planned expenditures and exploration activities.

Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made. Furthermore, such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking information. See "Risk Factors" in the Company's annual information form dated October 21, 2020 filed on SEDAR at www.sedar.com for a discussion of these risks.

The Company cautions that 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 information. Accordingly, investors should not place undue reliance on forward-looking information.

Except as required by law, the Company does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.