Recap On Majuba Hill Nevada Property

VANCOUVER - Bam Bam Resources Corp. reported a company update on developments within the Company and a recap on its flagship Majuba Hill Nevada Property (the "Property"), a copper, silver, gold porphyry project located in Pershing County, Nevada.

David Greenway, President and CEO, said, "Since I joined Bam Bam, considerable energy by the Board has gone into adding a prospective new project to the Company with a focus on some of the world's most mining friendly jurisdictions. We are now focused on exploration in the Western United States, especially Nevada. I would like to commend Buster Hunsaker for his tireless vision on bringing the flagship Majuba Hill Property towards a world-class deposit."

Bam Bam undertook several geological exploration programs this year along with reassessment of historic drilling and exploration.

In April, the Company announced that, after reassessment of historic drilling and exploration, the geological team at Majuba Hill are pleased to report that they have outlined three gold zones associated with the Majuba Hill copper (gold) porphyry project in Pershing County, Nevada. The ongoing, historical data review highlighted significant gold values associated with the copper in historic drill holes, surface rock chips, and soil sampling. This data suggests that Majuba Hill is best classified as a copper-gold porphyry.

The Company then begun mobilizing for the 2020 Phase 1 drilling program at its flagship Majuba Hill Property and Harris Exploration Drilling & Associates Inc. of Fallon, NV, mobilized a track mounted Core Rig to the project site. The two initial drill holes are targeting the high-grade copper zones containing significant gold and silver that were identified from the historic drilling. With COVID-19, Bam Bam field personnel and contractors used operational health and safety protocols consistent with ensuring the health and safety of its people, the local community, and the State of Nevada.

In May, the Company announced it completed the first core hole for the 2020 Phase 1 drilling program. The hole was designed to expand the copper, gold, and silver mineralization identified in the historic drill data. The hole was halted after intersecting historic workings. Hole MHB-1 is a vertical core hole drilled to 311.5 feet (94.9 M).

Later that month the Company announced it has completed the second core hole, MHB-02, of the 2020 Phase 1 drilling program. The hole was designed to expand the copper, gold, and silver mineralization identified in the historic drill data. Hole MHB-02 was drilled at a -45° inclination on an 045 azimuth to 474.5 feet.

In July, the Company announced that core hole MHB-1 at the Majuba Hill Nevada flagship property has returned significant copper and silver values. The new road in the Majuba Extension Target Zone opened three new extensive copper oxide zones around two historic prospect pits. The new access road crossed below a small, historic prospect pit and its exposed copper oxide showings that were previously unknown, including malachite and chalcocite. Eighteen outcrop chip-channel samples were collected from five new exposures.

In August, The Company completed 3,000 feet (914m) in four vertical holes on the Majuba Extension Zone. Copper oxides were observed in MHB-5 between 750 and 810 feet. These holes will drill test the Majuba Extension Ridge.