-- (OZ-CSE) 

Outback Goldfields Corp. (formerly, Skarb Exploration Corp.) (the "Company" or 
"Outback") (CSE: OZ) is pleased to announce that it will resume trading on the 
Canadian Securities Exchange at market open today under the new trading symbol 
OZ.

The following are some highlights of Outback's activities over the past month 
(all previously announced):

  -- November 16th, Outback completed a private placement raising approximately
     $11.4M. 
  -- December 9th, 2020 the Company changed its name to Outback Goldfields
     Corp. from Skarb Exploration Corp. 
  -- December 15th, 2020 Outback completed its acquisition of package of highly
     prospective gold projects in the heart of the Victorian Goldfields. 
  -- December 17th, 2020 Outback changed its trading symbol from SKRB to OZ. 
  -- December 9th, 2020, Outback consolidated its issued and outstanding common
     shares on the basis of one post-consolidated share for three pre
     consolidated shares.

"This is an exciting day for the shareholders and team of Outback Goldfields, 
after months of efforts and diligence, the Company is finally in a position to 
start exploring for high grade gold in the Victorian goldfields.  With the 
commencement of trading today I look forward to the general market being able 
to participate in what is poised to be one of the best gold exploration stories 
of 2021.", stated Chris Donaldson, CEO.

About Outback Goldfields Corp.

Outback Goldfields Corp. is a well financed exploration mining company having 
recently raised approximately $11.4 million.  The Company has now completed the 
acquisition of a package of highly prospective gold projects located around the 
Fosterville Gold Mine in Victoria, Australia. The Company is currently 
prioritizing and ranking drilling targets and anticipates launching an 
exploration program early in 2021.  The goldfields of Victoria are home to some 
of the highest grade and lowest cost mining in the world.

On behalf of the board,

~signed

Chris Donaldson, CEO and Director

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

This news release includes certain "forward-looking statements" and 
"forward-looking information" under applicable Canadian securities legislation 
that are not historical facts. Forward-looking statements involve risks, 
uncertainties, and other factors that could cause actual results, performance, 
prospects, and opportunities to differ materially from those expressed or 
implied by such forward-looking statements. Forward-looking statements in this 
news release include, but are not limited to, statements with respect to: the 
Company's business and prospects; the Company's objectives, goals or future 
plans; resumption of trading in the Company's common shares; and the business, 
operations, management and capitalization of the Company. Forward-looking 
statements are necessarily based on a number of estimates and assumptions that, 
while considered reasonable, are subject to known and unknown risks, 
uncertainties and other factors which may cause actual results and future 
events to differ materially from those expressed or implied by such 
forward-looking statements. Such factors include, but are not limited to: 
general business, economic and social uncertainties; litigation, legislative, 
environmental and other judicial, regulatory, political and competitive 
developments; delay or failure to receive board, shareholder or regulatory 
approvals; those additional risks set out in the Company's public documents 
filed on SEDAR at www.sedar.com; and other matters discussed in this news 
release. Accordingly, the forward-looking statements discussed in this release, 
including the resumption of trading, may not occur and could differ materially 
as a result of these known and unknown risk factors and uncertainties affecting 
the companies. Although the Company believes that the assumptions and factors 
used in preparing the forward-looking statements are reasonable, undue reliance 
should not be placed on these statements, which only apply as of the date of 
this news release, and no assurance can be given that such events will occur in 
the disclosed time frames or at all. Except where required by law, the Company 
disclaims any intention or obligation to update or revise any forward-looking 
statement, whether as a result of new information, future events, or otherwise.

Corporate Enquiries: Email: info@outbackgoldfields.com, Tel: +1.604.900.3450; 
Investor Relations Enquiries: Tel: +1.778.999.4653, Email: 
OZ@marsinvestorrelations.com 

SOURCE: Outback Goldfields Corp.