Mr. Willem Fuchter reports

ABRAPLATA INCREASES FINANCING

Further to its news release dated Jan. 5, 2018, announcing Abraplata Resource Corp.'s intention to complete a non-brokered private placement of up to six million units at a price of 20 cents per unit for total gross proceeds of up to $1.5-million, Abraplata has, in response to strong investor demand, decided to increase the size of the financing to 10.5 million units for total gross proceeds of $2.1-million. Other than the increase in the size of the financing, all other terms are as disclosed in the company's news release dated Jan. 5, 2018.

Closing of the financing remains subject to the approval of the TSX Venture Exchange. In compliance with Canadian securities laws and the rules of the exchange, all securities issued in connection with the financing will be subject to a hold period of four months.

About Abraplata Resource Corp.

Abraplata is a junior mining exploration company focused on delivering shareholder returns by unlocking mineral value in Argentina. The company's experienced management team has assembled an outstanding portfolio of gold, silver and copper exploration assets, and is focused on advancing its flagship Diablillos property, with an indicated resource of 81.3 million ounces Ag and 755,000 oz Au, through the various stages of feasibility. In addition, Abraplata owns the highly prospective Cerro Amarillo property with its cluster of five mineralized copper-(molybdenum-gold) porphyry intrusions located in a mining camp hosting the behemoth El Teniente, Los Bronces and Los Pelambres porphyry Cu-Mo deposits. Further exploration work is also planned for the company's Samenta porphyry Cu-Mo property, located south of First Quantum's TacaTaca project, as well as its Aguas Perdidas gold-silver epithermal property.

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