Kincora Copper

Midnight Sun Mining Completes Private Placement

VANCOUVER, BC / ACCESSWIRE / August 8, 2019 / Midnight Sun Mining Corp. (the "Company" or "Midnight Sun") (TSX-V:MMA) has increased and completed its previously announced non-brokered private placement by issuing 2,773,334 units (the "Units") at a price of $0.12 per Unit for gross proceeds of $332,800. Each Unit consists of one common share ("Common Share") in the capital of the Company and one Common Share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one Common Share of the Company for a period of twenty-four months from closing, at an exercise price of $0.20.

All securities issued pursuant to this private placement, including the Common Shares underlying the Warrants, are subject to a statutory hold period which expires on December 9, 2019.

Finder’s fees of $2,640 will be paid in cash in connection with the Private Placement.

In total, Insiders of the Company purchased 1,333,334 Units for gross proceeds of $160,000.

The net proceeds of this offering will be used by the Company as general working capital.

The completion of this private placement remains subject to final acceptance by the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.

Al Fabbro - Lead Director & Acting Chief Executive Officer

For Further Information Contact:

Al Fabbro
Lead Director
Tel: +1 604 351 8850

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEW RELEASE.

These securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

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