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Tru Precious Metals Provides Update on Summer 2021 Exploration Program




Fredericton, New Brunswick – July 30, 2021 -TRU Precious Metals Corp.
(TSXV:TRU; OTCQB:TRUIF; FWB:706) (“TRU” or the “Company”) is pleased to announce a comprehensive
Update on its exploration program on its properties in the Gold Belt of Central Newfoundland. The Company also presents the results of its Annual General Meeting and Extraordinary Shareholders’ Meeting dated July 29, 2021 (“the Meeting”)
known.

Project Golden Rose

The Company continues its systematic program of soil sampling, bedrock clay sampling (Till), geological mapping and prospecting, and is focusing exploration work on the Golden Rose Project during the remainder of the summer field season. Nearly 2,000 field samples have been submitted for geochemical analysis, and the results will be presented in the
next 6 – 8 weeks expected. In the meantime, the Company is preparing for an airborne geophysical survey over the recently acquired areas of the Golden Project
Rose. The start of this investigation is planned for the beginning of August.

GoldSpot Discoveries Corp., a technical service provider for the company, provided the
Company prepares a preliminary target presentation and works on geological modeling of the South Woods Lake Gold Zone
(“SWL Gold Zone”), where
Historical drilling over a 550 metre (m) longitudinal section of rocky intrusive rock confirmed considerable gold mineralization. This geological modelling will be carried out by the company in
support the selection of drill targets in the SWL Gold Zone.
The Company is also applying for permits and has engaged a drilling company to complete a previously announced 5,000 metre drill program at the Golden Rose Project.
The program is scheduled to commence in October 2021 and will be based on infill and expansion drilling of the gold mineralized rocky intrusive rock in the SWL Gold Zone and the concessions optioned by TRU on July 13, 2021, in
to whom the company discovered visible gold and a nearby Iron Hat (Gossan).

Twilite Gold Project

On July 7, 2021, the Company announced the completion of its Phase 1 drill program over 2,577 m at its Twilite Gold Project, which is based on a previously identified target, now referred to as Fort Knox Gold.
Zone, was aligned. Continuously carried out
Core cuts and sample submission were completed this week. Results are expected on an ongoing basis, approximately over the next 6 weeks, and will be, as in previous years,
Reporting, to be published in batches.

Early Stage Properties

On May 25, 2021, the Company announced a Phase 1 exploration program in
of its property, Gander West, about 16 kilometers from New
Found Gold Corps Project Queensway removed, known. All geochemical results on rock and soil samples from the limited orientation field program
have now been received. Results from nine Till samples submitted for gold grain analysis are pending
from. The best results from the rock samples were 395 ppb (parts per billion) of gold (Au) from a trench sample. The best results from 118 soil samples were 52 ppb and 31 ppb Au. The results were used to interpret and determine areas where further infill sampling or other further testing
may be advisable, graphically displayed.

On June 17, 2021, the Company announced the completion of a property-wide,
Targeted soil testing at its Rolling Pond property adjacent to the Queensway Project, which served to provide the Company with the
Collection of historical geophysical data, diamond drilling and trenching is another
Level of geochemical data in
to provide promising areas. So far, the company has received results on about a quarter of its
Soil samples, with best results of 61 and 34 ppb Au, as well as all results from the rock sample samples in which no significant values were found. As soon as all outstanding in the next few weeks
If the results have been received, the company will determine whether and where further soil testing may be advisable.

In early July 2021, the Company completed a soil sampling and prospecting program for orientation at its Stony Lake property, 5
up to 10 kilometres south of the Twilite Gold Project,
Off. A total of 171 soil samples and 38 rock samples were taken. The results will be available in the next 6 weeks
anticipated.

Results of the meeting

The Company continues to report the voting results from the Annual General Meeting. Shareholders approved all routine business matters, including the election of all directors, i.e. Joel
Freudman, Damian Lopez, Barry Greene, David Hladky and Colin
Sutherland. In the area of special business matters, shareholders approved the Company’s stock option plan and the expansion of the
Company from Alberta to Ontario, but did not approve the proposed Restricted Share Unit Plan.

Disclaimer on National Instrument 43-101

The rock, soil and flotation samples presented are selective, and the values may not represent the true value or type of
Mineralization in the affected mineral properties. These potential values are conceptual values. The Company did not conduct sufficient exploration work in the
TRU properties that would be necessary to define a mineral resource, and it is uncertain whether future exploration work will designate these targets as a mineral resource.

Barry Greene, P.Geo., is a Qualified Person as defined as
of National Instrument 43-101 and has reviewed the contents and technical information contained in this news release, and
Approved. Mr. Greene is a director and officer of the Company and holds securities of the
corporate.




About TRU Precious Metals Corp.

TRU has assembled a portfolio of 5 properties for gold exploration in the highly prospective Central Newfoundland Gold Belt. The Company has an option from a subsidiary of TSX-listed Altius
Minerals Corporation to acquire 100% of the Golden Rose Project, which is located along the deposit-bearing Cape
Ray-Valentine Lake Scherzone. TRU also owns 100% of the Twilite Gold Project along the same
Shear zone and 3 early stage properties, including two near New Found Gold Corp.’s high-grade Queensway project. TRU’s common shares will be enacted on the TSX Venture
Exchange traded under the symbol “TRU”, on the OTCQB Venture Market under the symbol “TRUIF” and on the Frankfurt Stock Exchange under the symbol “706”.

TRU is a portfolio company of Resurgent Capital Corp. (“Resurgent”), a
Commercial bank that provides advisory services for venture capital markets and self-financing. Resurgent works with promising listed or private micro-capitalized companies
which are listed on Canadian stock exchanges. More information about Resurgent and its portfolio companies is available on Resurgent’s LinkedIn profile: https://ca.linkedin.com/company/resurgent-capital-corp

For more information about TRU, please contact:

Joel Freudman

Co-Founder, President & CEO

TRU Precious Metals Corp.

Phone: 1-855-760-2TRU (2878)

E-mail: ir@trupreciousmetals.com

Website: www.trupreciousmetals.com

Follow TRU at the following links on social media:

Twitter

LinkedIn

https://www.linkedin.com/company/tru-precious-metals-corp

YouTube

https://www.youtube.com/channel/UCHghHMDQaYgS1rDHiZIeLUg/

Facebook

https://www.facebook.com/TRU-Precious-Metals-Corp-100919195193616

thanksgiving

TRU would like to thank the Government of Newfoundland and Labrador for the financial support of the Twilite Gold Project through the Junior Exploration Assistance Program. TRU has received financing for part of its
Exploration activities approved in 2021 at the Twilite Gold Project. Cautionary
Statements Regarding Forward-Looking Information

Cautionary Note Regarding Forward-Looking Information

Against the TSX-V or its Regulation Services Provider (as that is referred to in the TSX-V’s articles of association) accept responsibility for the
Adequacy or accuracy of this release.

This press release contains certain forward-looking statements, including those relating to the methods and timing of exploration of the
The Company’s properties, the prospects and mineralization of these properties and the permitting procedures. These statements are based on numerous assumptions in
With respect to the execution and success of exploration plans deemed reasonable by management in the circumstances, anda number of risks and
Uncertainties, including without limitation: Mineralization on adjacent and/or nearby properties is not necessarily indicative of mineralization on
the company’s land; the exploration potential of the Company’s properties and the nature and style of mineralization on those properties; the risks associated with
mineral exploration activities are associated; the volatility of financial markets, economic conditions and precious metal prices; the challenges of attracting and retaining
qualified personnel; and those other risks described in the Company’s ongoing disclosure documents. the
Actual results may differ materially from those anticipated in the forward-looking statements contained herein. Investors and other persons should
carefully consider the above factors and do not place undue reliance on such forward-looking statements. The Company undertakes no obligation to use the information contained herein.
update forward-looking statements, unless required by applicable securities laws.

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Arjun Sethi
Passionate guitarist, gamer and writer. Lives for the perfect review, and scrapes texts until they are razor-sharp.
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