Surrey - Grand Peak Capital Corp. ('Grand Peak' or the 'Company') (CSE: GPK, FSE: 6GP1 OTC: GPKUF) announces that it will conduct a non-brokered private placement of up to 30,000,000 units at a price of CAD $0.12 per unit (the 'Unit') to raise gross proceeds up to CAD $3,600,000 (the 'Financing').

Each Unit will consist of one common share in the equity of the Company and one common share purchase warrant (the 'Warrant').

Each Warrant entitles the holder to purchase one additional common share in the equity of the Company at a price of CAD $0.16 per common share, for a period of two (2) years, from the closing of the Financing. The proceeds of the Financing will be used to improve the working capital position of the Company. The Company may pay a finder's fee to qualified finders in respect to the Financing. Securities issued resulting from the Financing will be subject to a statutory hold period.

Contact:

Sonny Janda

Email: sonny@grandpeakcapital.com

This news release contains forward-looking statements respecting the Company's ability to successfully complete the Financing. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements, including the inability of the Company to successfully complete the Financing. These uncertainties and risks include, but are not limited to, the strength of the capital markets, the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources and the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with mining operations. Risks and uncertainties about the Company's business are more fully discussed in the company's disclosure materials filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials.

The Company assumes no obligation to update any forwardlooking statement or to update the reasons why actual results could differ from such statements unless required by law. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the united states securities act of 1933, as amended, and may not be offered or sold in the united states or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such act.

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