Mr. Mike Hodge of Saville reports

SAVILLE RESOURCES INC. COMPLETES REVIEW OF WORK ON THE NIOBIUM CLAIM GROUP, QUEBEC

Saville Resources Inc. has provided an overview of the work completed historically by Commerce Resources Corp. on the niobium claim group located in Northern Quebec, approximately 130 kilometres south of Kuujjuaq.

The company has completed its review of the results collected on these claims since 2007 and is currently delineating targets for an upcoming drill program. The property is being acquired based on the strong niobium-tantalum potential demonstrated from the considerable amount of exploration work completed to date (surface sampling, geophysics and drilling).

This work includes numerous surface samples grading over 1 per cent niobium pentoxide and over 1,000 parts per million tantalum pentoxide to a peak assay of 16.1 per cent Nb2O5 and 7,540 ppm Ta2O5 returned from the same boulder sample. This boulder sample assayed the highest Nb-Ta grade ever returned from the Eldor carbonatite complex and highlights the strong potential for high-grade discovery on the property.

In addition to surface sampling, high-grade drill intersections have also been returned from the property including 0.85 per cent Nb2O5 over 19.54 metres (EC10-033 -- Southeast area), with individual core samples up to 1.85 per cent Nb2O5, as well as 329 ppm Ta2O5 over 33.93 m (EC10-040 -- Southeast area).

In addition, further surface sampling work was completed throughout the Miranna area in the fall of 2017, by Commerce Resources, and includes those claims that comprise the company's property. Assay results from this work are pending.

Mineralogical analysis indicates pyrochlore as the primary host mineral for the niobium-tantalum, which is also the dominant source mineral for niobium and tantalum processing globally. In addition, the mineralization is often associated with strong phosphate mineralization, primarily hosted by apatite, making it an additional commodity of interest.

Collectively, the work has outlined three primary areas of interest at various stages of exploration: the Miranna area, Southeast area and the Northwest area. The company believes that these numerous, high-grade, niobium-tantalum occurrences demonstrate the prospective nature of the property and indicate a strong potential for a deposit of significance to be present.

The company is currently preparing a National Instrument 43-101 technical report on the niobium claim group property, which consists of 21 contiguous claims within the Eldor property owned by Commerce Resources. Saville recently signed an earn-in agreement (subject to TSX Venture Exchange approval) providing the company with the exclusive right to earn up to a 75-per-cent interest in the property (see news release dated Jan. 11, 2018). The agreement is conditionally approved by the TSX Venture Exchange, pending receipt of an acceptable NI 43-101 technical report on the property.

Miranna area

The Miranna area is characterized by a strongly mineralized (Nb-Ta-phosphate), glacially dispersed, boulder train with a distinct geophysical anomaly at its apex. High-grade niobium and tantalum have been sampled from these boulders, with select highlights noted in the attached table.

   
SELECT MINERALIZED BOULDER SAMPLE RESULTS 
        FROM THE MIRANNA AREA
  
Sample ID   Nb2O5 (%)   Ta2O5 (ppm)   P2O5 (%)

139977          5.93           310       11.5    
116702          4.24           160       11.9    
118014          1.94           380        9.9     
118010          1.57         1,220       10.6    
116719          1.60         1,060       10.3    
139980          1.06         1,040       11.1    
116718          1.04           670        9.1     

The geophysical anomaly at the apex of the boulder train, known as the Miranna target, is interpreted to be the source of the mineralization and has yet to be drill tested. With the boulder train now well delineated and found to contain some of the highest Nb-Ta-phosphate grades on the property to date, the Miranna target is a high priority for drill testing.

Southeast and Northwest areas

The Southeast and Northwest areas are where Nb-Ta mineralization was first discovered in the Eldor carbonatite complex, and therefore, have seen the majority of the exploration focus. A total of 37 holes for approximately 7,512 m over several drill campaigns have been completed by Commerce Resources on the property, of which 28 holes for 6,495 m have been completed on Nb-Ta targets. Select drill intersections from the Northwest and Southeast areas are presented in the attached table.

        SELECT MINERALIZED DRILL HOLE INTERSECTIONS FROM THE 
                      SOUTHEAST AND NORTHWEST AREAS
  
Expl. area   DDH ID     Interval (m)   Nb2O5 (%)   Ta2O5 (ppm)   P2O5 (%)

Northwest    EC08-006         13.15        0.55           166        5.0
             EC08-008         46.88        0.46            60        4.6
                Incl.          9.95        0.64            20        5.9
Southeast    EC08-015         26.10        0.54            71        5.9
                              10.64        0.76            77        8.4
             EC08-016         25.38        0.40           281        8.8
             EC08-019         33.99        0.34           237        6.1
             EC08-021          8.82        0.59           214        5.3
             EC10-032         15.33        0.71            30        6.6
                  and         28.55        0.57            63        6.7
             EC10-033         74.25        0.57           145        8.9
                Incl.         19.54        0.85            97        8.9
             EC10-040         33.93        0.48           329        7.2
                  and          5.84        1.09            46        9.8

Both the Southeast and Northwest areas remain underexplored with the last niobium-tantalum-focused work in these areas completed in 2008 and 2010 respectively. The drill intersections to date are highly encouraging, with the results of the 2010 drilling in the Southeast area exceeding that of 2008. This area in particular requires additional infill and stepout drilling to further delineate the mineralization discovered to date, and to evaluate the merits of completing an initial mineral resource estimate.

Further, the numerous mineralized boulders in the area, as well as the shallow nature of several drill intersections, indicate the mineralization extends to surface where it is being obscured by only a thin veil of overburden. The highest-grade Nb-Ta boulder (16.1 per cent Nb2O5 and 7,540 ppm Ta2O5) was collected along the western edge of the Northwest area, from within the property, with glacial ice direction indicating a source farther south within the complex and potentially within the company's claims.

Geophysical surveys have identified numerous targets throughout the Southeast and Northwest areas to further guide drilling with many remaining to be drill tested, providing additional upside to those zones already discovered. Collectively, the data support a strong potential for a Nb-Ta-phosphate mineralized body of significant grade and size to be present on the property.

NI 43-101 disclosure

Darren L. Smith, MSc, PGeol, Dahrouge Geological Consulting Ltd., a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.

Private placement

The company also reported that it had closed a second tranche of a previously announced (Dec. 27, 2017) private placement of 50,000 flow-through shares at 10 cents per share and 575,000 non-flow-through shares at a price of eight cents per non-flow-through share for proceeds of $51,000. The company also issued 625,000 share purchase warrants to purchase 625,000 shares at a price of 15 cents per share for a period of two years, expiring Feb. 16, 2020. The shares and any shares acquired on exercise of the warrants are subject to restrictions on resale until June 17, 2018. The company paid finders' fees in the amount of $1,600 in connection with the placement.

About Saville Resources Inc.

The company's primary asset, subject to TSX Venture Exchange final approval, is the niobium claim group, recently acquired via earn-in agreement from Commerce Resources for up to a 75-per-cent interest. The property consists of 21 contiguous mineral claims, encompassing an area of approximately 980 hectares, and is considered highly prospective for niobium and tantalum. The property includes the high-priority, and drill-ready, Miranna target where prior boulder sampling has returned up to 5.9 per cent Nb2O5 and up to 1,220 ppm Ta2O5, as well as the Northwest and Southeast areas where previous drilling returned wide intercepts of mineralization including 46.88 m grading 0.46 per cent Nb2O5 (EC08-008) and 19.54 m grading 0.85 per cent Nb2O5 (EC08-033), respectively.

We seek Safe Harbor.