FEC Resources Clarifies Rights Offering Requirements

Vancouver, British Columbia--(Newsfile Corp. - July 24, 2020) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC") wishes to clarify the terms of its previously announced rights offering. As announced, each eligible shareholder of record will receive 40 rights for every 20 shares they own on the record date. To further clarify, a minimum of 20 shares are required to participate in the offering and participation will only be accepted for multiples of 20 shares so that no fractional rights or shares will be issued.

QUESTIONS

If you have any questions relating to the Rights Offering, please contact the information agent, Laurel Hill Advisory Group at 1-877-452-7184 (toll-free in North America), 1-416-304-0211 (outside North America), or by email at assistance@laurelhill.com

On behalf of the Board of,

FEC Resources Inc.

Paul Wallace

Director

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/60510

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