Tethyan Announces Commencement of Drilling at Kizevak

Vancouver, British Columbia--(Newsfile Corp. - June 9, 2020) -  Tethyan Resource Corp. (TSXV: TETH) ("Tethyan" or the "Company") is pleased to announce that it has commenced drilling at the recently acquired Kizevak project in Serbia. This initial programme will be conducted with one diamond drill rig, with hole depths to between 150 - 300 metres for approximately 2,300 metres in total and is anticipated to complete in mid-August. Drilling is intended to verify historic drill results and test for depth extensions to mineralisation identified in historic exploration adits.

Fabian Baker, Tethyan's President & CEO commented: "We are excited to commence drilling at Kizevak. This will be the first significant exploration programme on the project since it was explored by the Serbian State, predominantly in the 1970's and 80's. Drilling at that time intercepted broad intervals of high-grade silver-zinc-lead mineralisation from surface to approximately 150 metres depth, and our drill programme intends to verify these results and begin to test for continuations of mineralisation at depth. It is testament to the effective working environment in Serbia that we have been able to permit land access and build drill pads in just 3 weeks following the acquisition of the Kizevak project, and we look forward to scaling up our exploration efforts over the coming year."

About Tethyan Resource Corp.

Tethyan Resource Corp. is a precious and base metals mineral exploration company incorporated in British Columbia, Canada, and listed on the TSX Venture Exchange. Tethyan is focused on the Tethyan Metallogenic Belt in Eastern Europe, mainly Serbia, where it is acquiring and exploring a portfolio of quality precious and base metals projects with known mineralization and compelling drill targets. Tethyan emphasizes responsible engagement with local communities and stakeholders, and is committed to the proactive implementation of Good International Industry Practice (GIIP) and sustainable health, safety and environmental management. More information can be found on Tethyan's website: www.tethyan-resources.com.

Contact

Fabian Baker, President and Chief Executive Officer
+44 1534 881 885 | fabian@tethyan-resources.com

Andjelija Vujovic, Investor Relations
+381(0) 11 4077 433 | andjelija@tethyan-resources.com

TSX Venture Exchange Disclaimer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the exploration program. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expected", "intends", "will be", "look forward", "looks" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Tethyan to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the completion of the Second Closing, receipt of all necessary regulatory approvals; future exploration programs; capital expenditures and other costs; and additional capital requirements. Although management of Tethyan has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Tethyan will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

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