Sego Resources Inc. announced that the Company has closed the first tranche of a financing for total gross proceeds of $167,980 as part of the financing previously announced on November 28, 2019 and revised on December 11, 2019. In this first tranche of the financing, Sego will issue in total 1,963,000 units at $0.06 per unit of Flow-Through Units ("FTU") for gross proceeds of $117,780, and 1,004,000 units at $0.05 per unit for Non Flow-Through units ("NFTU") for gross proceeds of $50,200. A Director of the Company, Brent Petterson purchased 504,000 NFTU in this tranche and an insider, Julian Jaffary purchased 500,000 FTU. Julian Jaffary is deemed an insider by virtue of holding greater than 10% of the Company's issued shares with her family. Insider reports for the family are under the name of Dr. Elliot Strashin. Each FTU unit consists of one common share and one share purchase warrant. Each FTU warrant entitles the holder to purchase an additional common share at $0.15 for two years from closing of the private placement. Each NFTU consists of one common share and one share purchase warrant. Each NFTU warrant entitles the holder to purchase an additional common share at $0.10 for two years from the closing of the private placement. The securities issued under this closing are subject to the applicable statutory 4 month + one day hold period from the date of issuance, the hold period will expire on May 1, 2020.