June 16, 2020

CALGARY, Alberta, June 16, 2020 (GLOBE NEWSWIRE) — Paleo Resources, Inc. (“Paleo” or the “Corporation”) (TSX-V: PRE, OTCQB: PRIEF) announced today that, further to its news release dated December 23, 2019, it has completed the acquisition (the “Acquisition”) of EF Resources, Inc. (“EFR”), the owner of the EnergyFunders financial technology platform, subject to final approval of the TSX Venture Exchange.

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