Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) (“Margaux” or the “Company”) is pleased to announce that at the annual and special meeting of its shareholders held today, each item of business placed before the shareholders was approved, including: (i) the election of each of Messrs. Marco Roque, Stephen Letwin, Christopher Stewart, James Letwin, Wenhong Jin and Michael Wood as directors of the Company; (ii) the appointment of MNP LLP as auditors of the Company; (iii) confirmation of the Company’s rolling share option plan; (iv)the consolidation of the common shares of the Company (the “Common Shares”) on the basis of one post-consolidation Common Share for every five pre-consolidation Common Shares; and (v) the change of the name of the Company to “Cassiar Gold Corp.” For more information regarding the name change and consolidation, please refer to the Company’s press release dated September 9, 2020. The Company intends to effect the name change and consolidation prior to the commencement of the trading of the Common Shares on the TSXV under the new trading symbol “GLDC” on a post-consolidationand name change basis, which will be confirmed by TSXV bulletin. The Company currently expects that the Common Shares will commence trading under the new symbol and on a post-consolidation and name change basis on or about September 25, 2020. Acquisition of Cassiar Gold The Company is also pleased to announce that it has provided notice to Wildsky Resources Inc. (“Wildsky”) of its intention to complete the previously announced option (the “Option”) to purchase Cassiar Gold Corp. (“Old Cassiar”). In connection with the exercise of the Option, the Company will issue 4,656,000 post-consolidation Common Shares (23,280,000 pre-consolidation Common Shares) to Wildsky. In connection with the exercise of the Option and the name change, Old Cassiar will change its name to “Cassiar Gold (2020) Corp.”, and the issued and outstanding common shares of Old Cassiar will be transferred to the Company. For further details on the option agreement, please see the Company’s press releases dated January 21, 2019 and November 13, 2019. About Margaux Resources Ltd.Margaux Resources Ltd. (TSX.V: MRL, OTCQB: MARFF) is a Canadian gold exploration company focused on exploration in British Columbia, and is directed by a group of highly successful business executives