Pacific Silk Road Announces Closing of Previously Announced Private Placement Offering

VANCOUVER - Pacific Silk Road Resources Group Inc. (the 'Company') (TSX-V: PP) is pleased to announce that, on June 15, 2022, it completed its previously announced non-brokered private placement offering with an arm's length third party investor for gross proceeds of $150,000 through the sale of 1,200,000 common shares of the Company at a price of $0.125 per share.

The proceeds of the Private Placement will be used for purposes of the Company's general working capital and other operating expenses. In connection with the Private Placement, the Company paid finder's fees in the aggregate amount of $12,000 to First Asia Group Limited, which is an arm's length party to the Company. The common shares issued on completion of the Private Placement are subject to a four month resale restriction period in accordance with the policies of the TSX Venture Exchange and applicable securities laws.

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Lily Qiu

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Cautionary Statements regarding Forward-Looking Information

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words 'could', 'intend', 'expect', 'believe', 'will', 'projected', 'estimated' and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. All statements including, without limitation, statements relating to the anticipated use of proceeds from the Private Placement, as well as any other future plans, objectives or expectations of the Company are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the availability of capital and financing, general economic, market or business conditions, regulatory changes, the COVID-19 pandemic or other similar health crisis, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

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