Telson Mining Corporation (“Telson” or the “Company” (TSX Venture Exchange-TSN, OTC Pink-SOHFF, Frankfurt-TSGN (formerly SQ82)) is pleased to announce that it has closed a first tranche of the non‐brokered private placement (the “Private Placement”) originally announced on December 27, 2019. This first tranche consisted of 19,458,442 units of the Company at a price of $0.10 per unit for gross proceeds of $1,945,844. Each unit is comprised of one common share and one half of one whole transferable share purchase warrant. Each whole share purchase warrant entitles the holder thereof to purchase one additional common share of the Company at $0.25 within twenty‐four (24) months from closing. All securities issued under the Private Placement are subject to a hold period expiring four months and one day after the closing date. Total issued and outstanding shares in the Company after completion of the first tranche of the Private Placement is 159,037,594.