Mr. Thomas Ullrich reports

ASTON BAY ANNOUNCES COMPLETION OF 2018 SUMMER DRILLING PROGRAM

Aston Bay Holdings Ltd. has completed its 2018 summer exploration drilling program at its Aston Bay property located on Somerset Island, Nunavut.

A total of 3,135 metres of diamond drilling were completed in nine holes, targeting copper and zinc mineralization in the vicinity of both the Storm copper prospect and Seal zinc deposit. Core intersections with sulphide mineralization have been halved and sent for assay, with results expected by early October, 2018.

Preparations for the anticipated 2019 exploration drill program have also been made: Both diamond drill rigs used in the program are stored at site, tents and structures at the exploration camp remain in place, and drilling salt is being delivered by sea lift to Resolute Bay.

"Challenging logistics due to record cold weather and fog decreased planned flight hours this season. These unexpected conditions resulted in a reduction of the planned metreage. Adjustments will be made to compensate during our expected 2019 drill program," stated Thomas Ullrich, chief executive officer of Aston Bay. "We look forward to this season's results as confirmation of our exploration rationale and in continued refinement of targeting."

Qualified person

As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Michael Dufresne, MSc, PGeol, PGeo, a director of and a consultant to Aston Bay, is the qualified person for the company and has prepared, validated and approved the technical and scientific content of this news release. The company strictly adheres to CIM best practices guidelines in conducting, documenting and reporting its exploration activities on the Storm project.

About Aston Bay Holdings Ltd.

Aston Bay Holdings is a publicly traded mineral exploration company exploring for large, high-grade, sediment-hosted copper and zinc deposits in North America. Aston Bay is 100-per-cent owner of the 1,024,345-acre (414,537-hectare) Aston Bay property located on western Somerset Island, Nunavut. The Aston Bay property hosts the Storm copper project and the Seal zinc prospect, with historical drilling confirming the presence of sediment-hosted copper and zinc mineralization. The company has also entered into an agreement to acquire exclusive rights to an integrated geophysical, geochemical and geological dataset over a 1.2-million-acre (500,000-hectare) area located in central Virginia, United States.

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