Mr. Kevin Bullock reports

TRENCHING EXTENDS MINERALIZATION IN TWO ZONES AT LAS CONCHITAS

Golden Reign Resources Ltd. has recently received trenching results from the Las Conchitas area of its wholly owned San Albino-Murra property in Nueva Segovia, Nicaragua.

Recent trenching has extended two known mineralized zones. A 250-metre-long zone named the "SW extension" appears to be a continuation of the Intermediate zone to the southwest, for a total strike length of 600 metres, after a 125-metre break in sampling. The Mango zone has been extended 150 metres to the southwest.

The Intermediate and Mango zones are two of seven parallel mineralized zones within the Las Conchitas area targeted by the company's 2017 trenching program. The Las Conchitas area covers a total area of approximately four square kilometres, or roughly twice the size of the San Albino gold deposit being advanced toward production by Golden Reign.

Intermediate zone -- southwest extension

In 2011, the company conducted its initial trenching campaign in the Las Conchitas area, identifying the highly mineralized Intermediate zone.

During 2017, closely spaced trenching of the SW extension of the Intermediate zone was completed in order to further define near-surface high-grade mineralization within the zone and improve confidence in the grade and continuity of these shallow dipping structures. The SW extension and Intermediate zone now have a combined strike length of approximately 600 metres, but remain separated by 125 metres still to be tested (please see maps San Albino gold deposit and Las Conchitas zones and Mango zone -- SW extension Intermediate zone).

The surface exposure of the SW extension has been confirmed for a strike length of at least 250 metres, using trench spacing of 50 metres or less. Sampling of the mineralized zone within trench SAM17-TR 07 returned values of:

• 8.7 m of 8.50 g/t gold and 11.5 g/t silver (along dip);
• 0.5 m of 25.40 g/t gold and 24.6 g/t silver (vertical).

More significantly, trenching and comprehensive sampling of the country rock (phyllites) have established a separate mineralized horizon lying below the vein mineralization and confirmed that gold is not restricted solely to the quartz veins but is also distributed within the host rock. Highlights of the mineralized country rock horizon within the trench SAM17-TR07 are as follows:

• 10.0 m of 9.64 g/t gold and 13.8 g/t silver (along dip);
• 0.7 m of 9.90 g/t gold and 9.05 g/t silver (vertical);
• 1.9 m of 5.43 g/t gold and 4.8 g/t silver (vertical).

Trenches SAM17-TR11 and SAM17-TR12 have also revealed historical surface workings and mine dumps. The highest gold values within those dumps are as follow:

• SAM17-TR07 2.2 m of 13.35 g/t gold and 20.3 g/t silver (vertical);
• SAM17-TR11 0.8 m of 27.60 g/t gold and 17.4 g/t silver (vertical);
• SAM17-TR11 1.9 m of 4.81 g/t gold and 6.9 g/t silver (vertical);
• SAM17-TR11 0.6 m of 23.40 g/t gold and 27.4 g/t silver (vertical);
• SAM17-TR12 two m of 8.65 g/t gold and six g/t silver (vertical);
• SAM17-TR12 two m of 4.42 g/t gold and 6.2 g/t silver (vertical).

Trenches SAM17-TR08, SAM17-TR09 and SAM17-TR10 were designed to test small geochemical soil anomalies along the dip of the zone; however, sampling has returned gold values below a cut-off grade of one g/t of gold.

Mango zone

Three trenches completed at the Mango zone have confirmed the 150-metre southwesterly extension of the mineralized structure, previously tested only by drilling at depth and exposed by a single trench LC11-TR 01 (two metres of 26.27 g/t gold and 17.4 g/t silver (along dip), see news release Feb. 25, 2013). Highlights are as follow:

• SAM17-TR15 1.1 m of 11.23 g/t gold and 65.2 g/t silver (along dip);
• SAM17-TR16 2.5 m of 6.74 g/t gold and 2.5 g/t silver (vertical);
• SAM17-TR20 1.8 m of 13.00 g/t gold and 11.1 g/t silver (vertical).

Further trenching is required to test the continuity of this highly prospective mineralized structure, which remains open in along strike and down dip (please see maps San Albino gold deposit and Las Conchitas zones and Mango zone -- SW extension intermediate zone) .

The down dip extent of the Mango zone was tested in 2011 by five drill holes (see news release Feb. 25, 2013), demonstrating that the high-grades of greater than or equal to one m in width continue to a depth of at least 400 metres:

• LC11-01 three m of 62.96 g/t gold and 61.7 g/t silver;
• LC11-02 1.2 m of 29.8 g/t gold and 31.7 g/t silver;
• LC11-03 one m of 36.5 g/t gold and 60.6 g/t silver;
• LC11-04 1.5 m of 9.44 g/t gold and 17.3 g/t silver;
• including 0.6 m of 20.64 g/t gold and 37 g/t silver;
• LC11-05 five m 8.63 g/t gold and 3.5 g/t silver;
• including one m of 35.7 g/t gold and two g/t silver.

Trenching of the Mango zone revealed a historical mine dump (40-metre-by-30-metre-by-three-metre) produced from historical artisanal workings. This mining was conducted informally by local residents in the early 1900s, as a supplement to agricultural income.

Previous sampling and testing of historical workings indicate that, frequently, a small, exposed portion of the mineralized structure had been removed but the majority of the structure remains intact. The best values returned from sampling of the mine dump material in trench SAM17-TR15, utilizing a cut-off grade of one g/t Au, are shown below:

Three m of 2.42 g/t gold and 1.9 g/t silver (parallel);

Two m of 2.18 g/t gold and 4.9 g/t silver (vertical);

3.1 m of 1.46 g/t gold and 2.7 g/t silver (vertical);

One m of 5.82 g/t gold and 6.7 g/t silver (vertical).

For a complete list of trenching results, please see the table titled "2017 Las Conchitas Trenching Results" available on the company's website.

The southern Las Conchitas area hosts a significant emerging cluster of gold targets. This latest work has shown that some of these may join up. Las Conchitas is situated immediately south of the San Albino gold deposit at the southwest end of Corona de Oro gold belt which, at three kilometres wide and 20 kilometres long, is spanned by the company's landholdings.

The mineralized intervals shown above utilize a one g/t gold cut-off grade. The results presented above are preliminary in nature. There has been insufficient exploration to date to estimate a "mineral resource," as such term is defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. There is no certainty that further exploration will result in the identification of mineral resources.

Quality assurance/quality control procedures

The company follows industry standards in its QA/QC procedures. A certified standard sample, or a blank or a field duplicate sample is inserted every 10 samples before the set of samples are sent to the laboratory. This procedure is applied to all drill and trench samples.

Qualified person

John M. Kowalchuk, PGeo, a geologist and qualified person (as defined under National Instrument 43-101) has read and approved the technical information contained in this news release. Mr. Kowalchuk is a senior geologist consulting to the company.

About Golden Reign Resources Ltd.

Golden Reign Resources is a publicly listed mineral exploration company engaged in exploring the San Albino-Murra property and the El Jicaro property, both of which are located in Nueva Segovia, Nicaragua. The company's prime objective is to bring its San Albino gold deposit into production quickly and efficiently, building cash flow to further advance a number of its other prospective exploration targets.

We seek Safe Harbor.