Blue River Resources : Announces Amendment to Non-Brokered Private Placement

British Columbia - Blue River Resources Ltd. (TSXV: BXR) (OTC Pink: BRVRF) (FSE: 0BL) (the 'Company') announces that, further to its news release of April 26, 2021 and subject to the approval of the TSX Venture Exchange, it proposes to raise up to $650,000 through a non-brokered private placement through the issuance of up to 43,333,333 units (the 'Units') at a price of $0.015 per Unit.

Each Unit will consist of one common share (a 'Share') in the capital of the Company and one transferable share purchase warrant (a 'Warrant') with each Warrant exercisable to purchase one additional Share of the Company at a price of $0.05 per Share for a period of 3 years from the date of closing of the Private Placement. Pursuant to the Exchange bulletins dated April 8, 2020, December 15, 2020 and June 17, 2021 regarding temporary relief of $0.05 minimum pricing requirement, the Company has submitted an application to the Exchange for approval of the minimum waiver. Finders' fees may be paid to qualified parties in connection with the Private Placement.

All securities issued in connection with the Private Placement are subject to a 4-month hold period in Canada and the Exchange Hold Period.

The following is a summary of the use of proceeds allocation

The proceeds from the Private Placement will be used for mineral exploration on the Company's Castle Copper project, located between Copper Mountain Mining and Kodiak Copper on the prolific Nicola Volcanic Trend, within the larger Quesnel Trough Copper belt, and for general working capital.

Contact:

Griffin Jones

Tel: [phone]

Web: www.blueriv.com

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

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