MAJOR PRECIOUS METALS : CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

December 23, 2020 - Vancouver, BC - Major Precious Metals Corp. ('Major Precious Metals' or the 'Company') (CSE:SIZE | OTC:SIZYF | FRANKFURT:3EZ) is pleased to announce that it has completed the first tranche of a non-brokered private placement (the 'First Tranche') through the issuance of 6,200,000 units (the 'Units') of the Company at a price of $0.25 per Unit for gross proceeds of $1,550,000 (the 'Offering'). Each Unit consists of one (1) common share of the Company (a 'Common Share') and one (1) transferable common share purchase warrant (a 'Warrant'). Each Warrant entitles the holder thereof to purchase one (1) additional Common Share for a period of 2 years from closing at a price of $0.50 per Common Share. The securities issued pursuant to the First Tranche are subject to a four (4) month hold period.

Finders fees of an aggregate amount of $33,000 cash, 280,000 finder's shares and 132,000 finder's warrants were paid to arm's length finders in connection with the First Tranche.

The proceeds of the Offering are planned to be used by Major Precious Metals for general ongoing working capital and corporate purposes.

On behalf of the Board of Directors

MAJOR PRECIOUS METALS CORP.

Joel Dumaresq

Chair of the Board and Chief Financial Officer

Suite 810 - 789 West Pender Street, Vancouver, BC V6C 1H2

[phone]

About Major Precious Metals Corp.

Major Precious Metals is a Canadian junior mining and exploration company based in Vancouver, BC that owns a diversified portfolio of exploration properties within some of the most promising precious and base metal deposits worldwide. Major Precious Metals is also engaged in the business of acquiring and exploring precious metal projects near or adjacent to existing mining operations controlled by well-established mining companies.

Major Precious Metals is listed on the Canadian Securities Exchange ('CSE') and its common shares trade under the ticker symbol 'SIZE.' Additional information relating to Major Precious Metals is available at www.majorprecious.com and SEDAR at www.sedar.com.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release.

Forward-looking Information Statement

This news release may contain certain 'forward-looking statements' and 'forward-looking information' within the meaning of applicable Canadian and United States securities laws. When used in this news release, the words 'anticipate', 'believe', 'estimate', 'expect', 'target, 'plan', 'forecast', 'may', 'schedule' and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the anticipated completion of the Acquisition, the process by which the Company intends to obtain shareholder approval for the Acquisition, regulatory requirements or approvals necessary for completion of the Acquisition, the resumption of trading in the common shares of the Company, and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.