Canada - BTU METALS CORP. ('BTU' or the 'Company') (BTU-TSX: V; BTUMF-OTC) today provides a corporate update and lays out its exploration plan including 1st drill program for early 2021 on its 200km2 Dixie Halo property in Red Lake, Ontario.

Paul Wood, BTU CEO, said, '2020 has been a year of steady progress for BTU Metals despite the challenges of the COVID-19 pandemic. We have been very active on the ground, collecting extensive data through drilling, sampling, and geophysical surveys - consequently, we saw some of our most promising results to date including visible gold in a recent drill hole. We start the year with one of our strongest cash positions in our history and are excited to follow up on a number of high-priority gold targets, as well as getting back to testing the TNT target to take advantage of an expert's geochemical-geophysical 3D interpretation of the polymetallic system.'

Contact:

Andreas Curkovic

Tel: +1 416-577-9927

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and using information currently available to the Company. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

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