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Major Precious Metals Completes Final Tranche of $10 Million Private Placement

VANCOUVER, British Columbia, July 21, 2021 (GLOBE NEWSWIRE) – Major Precious Metals Corporation (“Main Precious Metals” or “Company”) (CSE: SIZE | OTC: SIZYF | FRANKFURT: 3EZ) is pleased to announce that it has closed a broker-free private placement (“Private location”) Of the total 4,285,715 units of the Company (“Units”) At $0.35 per Unit for a total of $1,500,000.25. Each Unit consists of one (1) ordinary share of the Company (one “Share in general) and one half of a warrant to purchase a transferable Common Share (with two halves of the warrant being “Warranties“). Each Warrant entitles the holder of that Warrant to purchase an additional one (1) Common Share for a period of two (2) years from closing at a price of $0.70 per Common Share. In the case of Common Shares the closing price on the Stock Exchange of Canada (or other exchange where Common Stock may be traded at that time) is $1.20 or more per Share common for a period of ten (10) consecutive trades any day from the end of a Private Position, the Company may accelerate the expiration date of the Warrant by notifying the Warrant holders. warrant (by issuing a notice of accelerated expiration of the Warrant) and in such event, the Warrant shall expire on the thirtieth day (30order) days after the date of such notification.

The company intends to use the proceeds from Private Placement to support a large diamond drilling campaign already underway during their Skaergaard Project in eastern Greenland. The drilling program is expected to begin in the next few weeks and mobilization is well underway with staff already stationed in Greenland. Drill crews, equipment and logistical support are ready and a large commercial support vessel will soon be stationed to provide housing and base for helicopter transport services. The company is developing a significant global deposit of precious metals (palladium, platinum and gold) with 5.51 Moz containing PdEq ounce in Designated Resources and 14.4 Moz containing PdEq ounce in catalog of Inferential Resources, as described in NI 43-101 Company technical report on the Skaergaard Project of 25/5/2021.

Finder fees are $8,085 in cash and 23,100 Warrants paid in connection with Private Location to eligible parties. Warrants granted to finders have the same terms as noted above. A Director of the Company has entered into a Private Position and will acquire, directly or indirectly, 300,000 Units. This transaction is exempt from the valuation and minority approval requirements of Multilateral Instruments 61-101 (“MI 61-101“) Due to the exemptions set out in sections 5.5(a) and 5.7(1)(a) of MI 61-101 where the fair market value of a review of the Company’s securities is issued to does not exceed 25% of its market capitalization.

All issued securities are subject to a statutory retention period of four months and one day from the date of issue in accordance with applicable Canadian securities laws.

On July 7, the Company incorrectly announced that a finder’s fee of $340,851 in cash and 949,860 Warrants had been paid in connection with the first tranche of Private Placements. The company advised that it paid the finder a fee of $347,151 in cash and issued 967,860 Warrants.

This release of news does not constitute an offer to sell or an offer to sell any securities in the United States. Securities that have not been and shall not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and are not offered or sold in the United States or to Americans unless registered under the U.S. Securities Act and applicable state securities laws or waives such registration.

Eligibility Statement

All scientific and technical information contained in this bulletin has been prepared and approved by Paul Ténière, P.Geo., President of the Large Precious Metals Group, who qualifies as defined in the NI 43-101.

On behalf of the Board of Directors

MAINOR PRECIOUS METALS CORP.

Tony Williams
President and CEO
Suite 810 – 789 West Street Pender
Vancouver, BC V6C 1H2
Ph: 1-877-475-0963
info@majorprecious.com

About Major Precious Metals Corp.

Major Precious Metals is a Canadian junior miner listed on the Canadian Stock Exchange (“CSE”) and its common stock is traded under the symbol “SIZE”. The Company’s flagship project, the Skaergaard Project in Greenland, contains one of the largest palladium and gold deposits outside the main PGM production regions of Russia and South Africa. The company is focused on accelerating the Skaergaard Project along the Mine Development Cycle and has recently begun an even larger program of work on drilling and economic evaluation.

Additional information regarding precious metals is available at www.majorprecious.com and SEDAR at www.sedar.com.

The Canadian Stock Exchange has not approved or disapproved the content of this news release.

Forward-looking information statement

This press release may include “forward-looking information” (as that term is defined by Canadian securities laws). Forward-looking information is based on certain expectations and assumptions of the Major Precious Metals, including future plans for the exploration and development of mineral assets. Although Major Precious Metals believes such expectations and assumptions are reasonable, investors should not rely too heavily on forward-looking information as the company cannot make any guarantees that they will prove to be true. The forward-looking statements in this press release are made as of the date of this press release. Major Precious Metals disclaims any intention or obligation to publicly update any forward-looking information (whether as a result of new information, future events or results, or otherwise). in addition to the requirements of applicable securities laws.

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