News Release – Vancouver, British Columbia – February 17, 2021 – SKRR Exploration Inc. (TSXV: SKRR) (OTC: SKKRF) (FSE: B04Q) (“SKRR” or the “Company“), is pleased to announce a non-brokered private placement offering (the “Private Placement”) for aggregate gross proceeds of up to $3,500,000 consisting of a combination of: (i) units of the Company (the “Units”) at a price of $0.27 per Unit and (ii) flow-through common shares of the Company (within the meaning of the Income Tax Act (Canada) (each a “FT Share”) at a price of $0.30 per FT Share. Each Unit will be comprised of one common share in the capital of the Company (a “Common Share”) and one-half of one Common Share purchase warrant (“Warrant”). Each Warrant is exercisable to acquire one Common Share of the Company (a “Warrant Share”) at an exercise price of $0.40 per Warrant Share for a period of 24 months from closing of the Private Placement. The Company intends to use the net proceeds from the sale of Units towards its exploration and development work on its projects and for general corporate and working capital purposes. The Company intends to use the net proceeds from the sale of FT Shares towards