Leucrotta Exploration : Jun 22, 2021 - Leucrotta Exploration Announces Closing of Private Placement

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LEUCROTTA EXPLORATION ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Calgary, Alberta, June 22, 2021 - Leucrotta Exploration Inc. ("Leucrotta" or the "Company") (TSXV - LXE) is pleased to announce that it has closed its non-brokeredprivate placement offering previously announced on June 15, 2021 (the "Private Placement") of 1,870,000 units of the Company (the "Units") at a price of C$0.73 per Unit for gross proceeds of C$1,365,100. Each Unit consisted of one common share issued on a flow-throughbasis in respect of Canadian development expenses (CDE) under the Income Tax Act (Canada) (a "CDE Common Share") and one flow-throughCDE Common Share purchase warrant (each whole CDE Common Share purchase warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one CDE Common Share at a price of C$1.00 for a period of 36 months from the closing date of the Private Placement.

For further information, please contact:

LEUCROTTA EXPLORATION INC.

700, 639 -5th Ave SW

Calgary, Alberta T2P 0M9

Phone: [phone]

www.leucrotta.ca

Robert Zakresky

President and Chief Executive Officer

Nolan Chicoine

Vice President, Finance and Chief Financial Officer

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