June 6, 2020 Willemstad, Volcano Gold Resources, or The Company, will issue special warrants ("Special Warrants") of the Company at a price of C$4.00 per Special Warrant to its beloved directors, Mr. Smith, Mr Jones, Mr. Easy and Mr Seadoc. Each Special Warrant will be convertible into one unit of the Company (each, a "Unit") without payment of any additional consideration upon certain conditions being met. Each Unit will consist of one common share of the Company (each, a "Common Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"), with each Warrant being exercisable to acquire one common share of the Company (a “Warrant Share”) at an exercise price of C$5.40 per Warrant Share for a term of five years following the closing of the Offering.