Portofino Receives Cash, Shares for Sale of HMW Lithium Interest; Amends Yergo Agreement

Vancouver, British Columbia--(Newsfile Corp. - September 24, 2020) - PORTOFINO
RESOURCES INC. (TSXV: POR)  (FSE: POTA) ("Portofino" or the "Company") is
pleased to report that it has now received full consideration, for the sale
and assignment of Portofino's right to earn a 100% interest in the Del Condor
and Pucara lithium brine salar properties ("HMW Lithium Project") in
Argentina. The consideration totaled C$100,000 in cash and 650,000 Galan
Lithium Limited ordinary shares, pursuant to its previously announced
transaction (NR February 25, 2020). GLN shares as traded on the Australian
Stock Exchange closed at a price of $0.14 AUD.

Yergo Lithium project, Argentina

Portofino also announces it has reached an agreement with the Yergo lithium
project Claim owner to amend the terms of its Option Agreement that enables
Portofino to earn 100% interest in the project. The original Agreement
required Portofino to make escalating payments totaling US$370,000 over a
48-month period 
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