Mr. Robert Brown reports

FINLAY DISCOVERS HIGH GRADE GOLD-SILVER ON ITS PIL PROPERTY

Finlay Minerals Ltd. has released new gold-silver discoveries from a trenching program at the Pillar East zone on the Pil property in the Toodoggone region of Northern British Columbia.

It is now evident that several variably oriented, steeply dipping zones of gold-silver-mineralized quartz stockwork, silicification and quartz-carbonate breccias occur within a structural trend estimated at 500 metres to 800 metres long by approximately 100 metres wide. Breccia sample T2-25 assayed 20.63 grams per tonne gold and 694 grams per tonne silver across 0.35 metre. The full dimensions and extent of the various zones and the potential for nearby similar mineralization have yet to be delineated.

Program highlights:

• Detailed channel sampling yielded 102 rock samples from 14 trenches scattered along 500 metres of the 800-metre trend. Overburden was generally less than one metre thick.
• Nine new gold-silver-mineralized structures (zones) were identified by trenching.
• Trenches T1 and T2 exposed steeply dipping, northwest-striking mineralized zones comprising silicification, quartz veining and quartz-carbonate breccias. Elsewhere, several trenches exposed mineralized and structural (fault) zones that strike northerly and dip near vertically, suggesting there are two or more structural orientations associated with the epithermal trend.
• Over all, 23 trench samples returned greater than 1,000 parts per billion (1.00 gram per tonne) gold and range up 20.63 grams per tonne gold.
• Fifteen trench samples assayed greater than 50 grams per tonne silver and range up to 694 grams per tonne silver.
• Free gold, electrum and argentite (silver) were visually identified in four samples from trench T2, which targeted a 2017 subcrop discovery (see Finlay's news release dated April 24, 2018).
• Metallic analysis of higher-grade samples confirmed the presence of coarse gold and silver.
• Galena (lead), sphalerite (zinc) and chalcopyrite (copper) are present in many of the new zones.

Peter Tegart, mining executive, co-founder of the Lawyers Cheni mine (located in the Toodoggone region) and a director of the company, stated: "This is not a single epithermal vein; it is a structural gold-silver system comprised of silicification, quartz veining and quartz-carbonate breccias that is larger than we thought and has the potential to be sizable and economic, assuming intensity and continuity of mineralization. This project now requires critical predrilling definition trenching."

      TABLE OF SIGNIFICANT RESULTS FROM 2018 TRENCHING PROGRAM
    
Trench       Sample           Interval        Au          Ag      AuEq*
                                    (m)     (g/t)       (g/t)     (g/t)  

T1            T1-02               1.00      2.67      102.00      3.87
T1            T1-07               0.40      5.70       48.90      6.27
T1            T1-08               0.80      8.35       64.50      9.11
T2            T2-10, 11           1.30      2.94       48.42      3.51
T2            T2-13, 14, 15       1.25      6.16      191.10      8.41
Includes      T2-13               0.40     12.22      567.00     18.89
T2            T2-18, 19           0.85      4.19      109.29      5.48
T2            T2-22               0.25      5.29       87.00      6.31
T2            T2-25, 27           0.95      8.13      269.64     11.30
Includes      T2-25               0.35     20.63      694.00     28.79
T2            T2-33               0.45      3.22       49.50      3.80
T2            T2-34, 35           1.35      4.26       33.70      4.65
T2            T2-39, 40           1.25      5.29       44.71      5.82
Includes      T2-40               0.45     14.22      113.00     15.55
T2            T2-42, 43           1.30      1.49       33.52      1.89
T2            T2-46               0.70      3.08       26.20      3.39
T2            T2-48               1.15      1.08        4.00      1.13
T6            T6-01               1.15      2.44       16.60      2.63
T6            T6-07               0.75      1.71      102.00      2.91
T8            T8-02               0.55      2.34       86.00      3.35
T11           T11-01              2.05      1.62        9.10      1.73
T13           T13-01              1.40      5.22       19.00      5.44

Notes:
(1) All intervals represent true width. 
(2) AuEq was calculated using the ratio of 1:85 
(gold: $1,200 (U.S.) per ounce; silver: $14 (U.S.) per ounce).
(3) Assay values are uncut.

A high-priority trench, T2, was excavated at the site of a 2017 subcrop discovery of a quartz breccia suboutcrop, where a grab sample graded 19.95 grams per tonne gold and 423 grams per tonne gold (see Finlay's news release dated April 24, 2018). Trench T1 targeted a 0.5-metre quartz breccia boulder 40 metres north of T2 that assayed 6.57 grams per tonne gold and 13.1 grams per tonne silver (see Finlay's news release dated Oct. 25, 2016). Other rock and soil anomalies were trenched along the gold-silver epithermal trend.

The company believes that, collectively, the Pillar East gold-silver zone, the Copper Cliff copper-silver zone immediately south, the nearby Atlas East epithermal gold-silver zone and the presence of granitic clasts in copper-mineralized breccia dikes proximal to a very large airborne thorium/potassium anomaly are potentially related to a large, deep-seated porphyry system.

Next steps now and in 2019:

1. Conduct a further 5.4 kilometres of deep induced polarization (IP) geophysical surveying from Pillar East westerly across the Atlas East zone -- this is scheduled to commence immediately;
2. Conduct petrographic analysis of the trenching samples -- this will start immediately;
3. Compile the IP survey results, along with the recent trench sampling, petrographic studies, and historical soil and rock geochemical data from the Pillar East gold-silver epithermal system and the Copper Cliff zone, along with the Atlas East zone geochemical and shallow drilling results;
4. Plan a detailed mapping program of the 800-metre-by-100-metre gold-silver structural system, the Copper Cliff and the Atlas East zone concurrent with the proposed definition trenching program;
5. Carry out a $100,000-to-$150,000 definition trenching program that will further delineate the size, structural orientation and drill targets of the gold-silver structural system.

The Pil property is situated in the Toodoggone mining district -- a mineral-rich belt host to numerous porphyry copper-gold and epithermal gold-silver deposits. The property lies immediately northeast of the former Baker gold-silver mine (Sable Resources) and 35 kilometres northwest of the former Kemess copper-gold open-pit mine.

No deep drilling has ever been conducted at any of the Pil property mineralized zones.

Qualified person

Warner Gruenwald, PGeo, vice-president, exploration, for Finlay and a qualified person as defined by National Instrument 43-101, has supervised the recent program and preparation of the information that forms the basis for the scientific and technical information contained in this news release.

Sample analysis was performed by Bureau Veritas Commodities Canada Ltd. in Vancouver, B.C. Multielement analysis utilized aqua regia digestion and ICP-MS methodology (AQ201). Samples greater than 10 grams per tonne gold and greater than 100 grams per tonne silver were reanalyzed by method MA404 using four-acid digestion and AAS finish. Quality assurance/quality control (QA/QC) consisted of the insertion of an analytical reference standard for every 20 samples.

About Finlay Minerals Ltd.

Finlay is a TSX Venture Exchange company focused on exploration for base metal and precious metal deposits in Northern British Columbia. The company's properties include Silver Hope, Atty and Pil.

We seek Safe Harbor.