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 second and final tranche of the non-brokered private placement (the “Private Placement”) originally announced on December 27, 2019. This second tranche consisted of 1,965,990 units of the Company at a price of $0.10 per unit for gross proceeds of $196,599. 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 twentyfour (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 second tranche of the Private Placement is 161,364,823.