Rebel Capital 2.0 Corp. ('Rebel' or the 'Corporation') is pleased to announce that it has entered into a binding letter of intent with 1271332 B.C. Ltd. ('TargetCo'), dated November 19, 2020 (the 'Letter of Intent') in respect of a proposed transaction pursuant to which Rebel intends to acquire a mineral property option on a mineral property in Saskatchewan, Canada known as the Wedge Lake Property (the 'Property') and approximately $300,000 in cash by way of asset purchase (the 'Qualifying Transaction').

It is currently anticipated that Rebel will issue 10,000,000 common shares in the capital of Rebel Capital (the 'Consideration Shares') to acquire the Property option and the $300,000 cash (the 'Target Assets.') There are also 5,000,000 outstanding common stock purchase warrants of Target that shall be exchanged for new common stock purchase warrants of Rebel. The warrants may be exercised by the holders at a price of $0.10 per share for a period of five years. Upon completion of the Qualifying Transaction, the combined entity (the 'Resulting Issuer') will carry on the business of exploration of the Property

Rebel was incorporated under the laws of the Province of British Columbia. The Corporation is a 'capital pool company' under the policies of the TSX Venture Exchange (the 'Exchange') and it is intended that the Qualifying Transaction will constitute the 'Qualifying Transaction' of the Corporation, as such term is defined in the policies of the Exchange. The Corporation is a reporting issuer in the provinces of British Columbia, Alberta and Ontario. The Qualifying Transaction will be carried out by parties dealing at arm's length to one another and therefore will not be considered to be a 'Non-Arm's Length Qualifying Transaction', as such term is defined under the policies of the TSXV. As a result, a meeting of the shareholders of the Corporation to approve the Qualifying Transaction is not a condition required to complete the Qualifying Transaction. In connection with the completion of the Qualifying Transaction, it is expected that the Corporation will change its name to 'Rebel Resources Ltd.' (the 'Name Change'). It is expected that upon completion of the Qualifying Transaction, the Resulting Issuer will meet the Initial Listing Requirements for a Tier 2 mining issuer under the policies of the TSXV.

Contact:

Tel: (604) 428-5171

Cautionary Statements

This news release contains 'forward-looking information' within the meaning of applicable securities laws relating to the proposal to complete the Qualifying Transaction and associated transactions, including statements regarding the terms and conditions of the Qualifying Transaction, the concurrent financing, the use of proceeds, and the Name Change. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that the parties will not proceed with the Qualifying Transaction, the concurrent financing, the Name Change and associated transactions, that the ultimate terms of the Qualifying Transaction, the concurrent financing, and the Name Change and associated transactions will differ from those that currently are contemplated, and that the Qualifying Transaction, the concurrent financing, the Name Change and associated transactions will not be successfully completed for any reason (including the failure to obtain the required approvals or clearances from regulatory authorities). The terms and conditions of the Qualifying Transaction may change based on the Corporation's due diligence and the receipt of tax, corporate and securities law advice for both Rebel and TargetCo. The statements in this press release are made as of the date of this release. The Corporation undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Corporation, TargetCo, their securities, or their respective financial or operating results (as applicable).

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