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Toronto, Ontario May 27, 2020 ‐ Central Timmins Exploration Corp. ("CTEC" or the"Company") (TSXV:CTEC) reports that it has been granted an order by the Ontario Superior Court of Justice deferring its annual and special meeting of shareholders (the "AGM") that was to be held on or before June 30, 2020 to a date later this year. The AGM has been deferred to allow time for the Company to continue with its strategic review and repositioning process.  Further guidance will be provided on the details of the AGM when a new date is determined.

About Central Timmins Exploration Corp.

CTEC is an early-stage Canadian junior exploration company with property primarily within the city limits of Timmins in the Porcupine Mining District in the northeastern region of Ontario. The Corporation's assets are prospective for gold as well as a suite of base metals.

For further information, please contact:

Central Timmins Exploration Corp.
www.centraltimmins.com

Joseph Ovsenek
President, CEO and Chairman
jjovsenek@centraltimmins.com
Tel: +1 (604) 765-3424

Chris Hopkins
Chief Financial Officer
c.hopkins@live.ca
Tel: +1 (416) 786 9793

Forward Looking Information

This press release contains"forward-looking information" within the meaning of applicable securities laws that is intended to be covered by the safe harbours created by those laws. "Forward-looking information" includes statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or comparable terminology. Such forward-looking information includes, without limitation, the Corporation's expectations, strategies and plans for the Timmins Properties, including the Corporation's planned exploration activities and the intended uses of the net proceeds of the IPO.

Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made. Furthermore, such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Corporation to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking information. See "Risk Factors" in the Corporation's final prospectus dated October 4, 2018 filed on SEDAR at www.sedar.com for a discussion of these risks.

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information.

Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

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