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Kesselrun Resources Ltd : Kesselrun Intercepts 30 4 g/t Au over 1 0 m within 5 8 m Zone Averaging 6 8 g/t Au

Kesselrun Resources Ltd.: Kesselrun Intercepts 30.4 g/t Au over 1.0 m within 5.8 m Zone Averaging 6.8 g/t Au 10.3 m of 4.7 g/t Au; 21HUR031 assayed 30.4 g/t Au over 1.0 m within 5.8 m of 6.8 g/t Au; 21HUR032 assayed 14.3 g/t Au over 0.9 m within 3.9 m of 4.5 g/t Au; 21HUR034 assayed 16.7 g/t Au over 0.8 m and 13.3 g/t Au over 1.4 m within 3.8 m of 5.8 g/t Au and 3.9 m of 7.0 g/t Au respectively Multiple high-grade veins intercepted within wide zones of gold mineralization. Plunge direction confirmed at shallower levels Holes now planned further down plunge Figure 1: Schematic Longsection - Huronian Project - Fisher Zone

Kesselrun Resources Ltd : Kesselrun Resources Commences Huronian Gold Project Drilling

Kesselrun Resources Ltd.: Kesselrun Resources Commences Huronian Gold Project Drilling Thunder Bay, Ontario (Newsfile Corp. - January 28, 2021) - Kesselrun Resources Ltd. (TSXV: KES) (OTC Pink: KSSRF) ( Kesselrun or the Company ) is pleased to announce that drilling has commenced at its Huronian Gold Project. The planned drill program consists of a total of 20,000 metres. Drilling will be focused on the Fisher, Fisher North, McKellar and Huronian zones as well as newly interpreted targets generated from the 2020 drilling. All the zones are in close proximity centred on the historically mined Huronian zone. Michael Thompson, P.Geo., President and CEO of the Company, commented, We are excited to begin this next step at advancing the Huronian project. With the recently announced acquisition of the neighbouring Moss Lake Gold Deposit by Goldshore Resources, this year will be a pivotal one for Kesselrun and Huronian.

Kesselrun Resources Ltd : Kesselrun Resources Provides Corporate Update

Kesselrun Resources Ltd.: Kesselrun Resources Provides Corporate Update 2021 Drill Program The 2021 drill program is currently in the final stages of planning. Drilling is expected to commence later this month with a total 20,000 metres of drilling planned in this phase. Drilling will concentrate on the zones which made up the historic resource and the historically mined Huronian zone. Michael Thompson, P.Geo., President and CEO of the Company, commented, We are very excited to begin this phase of exploration on Huronian and demonstrate its potential to the market. 2020 Annual General Meeting Results The 2020 Annual General Meeting took place on December 8 th, 2020.

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