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Pacific Booker Minerals Inc. Announces Mining Lease Reinstated

Vancouver BC, November 16, 2020: Pacific Booker Minerals Inc. is announcing that the Chief Gold Commissioner has made the decision to reinstate the Company's Mining Lease #1069796.

The Chief Gold Commissioner has given PBM until May 20, 2021 to conclude the application for the lease term renewal. Should more time be required to reach a decision on a mining lease term renewal application, PBM may apply for an additional extension of time.

In the Reasons for Decision document, the Chief Gold Commissioner states "In exercising my discretion to reinstate mining lease 1069796, the factors I consider to be of particular significance are the long standing exploration history and development, the significant investment of PBM to date, the extraordinary prejudice to PBM compared to the relatively small impacts to the intervening claim holders, and the inadvertent nature of PBM's error."

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On Behalf of the Board of Directors

“John Plourde”
John Plourde, Director

No regulatory authority has approved or disapproved the information contained in this news release. This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, statements are not guarantees of future performance and actual results or developments may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements.

Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website (or press release), such as "measured,'' "indicated," and "inferred" "resources," that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20- F, File No. 0-51453, which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml