Mr. Kevin Bullock reports

GOLDEN REIGN COMMENCES DRILL PROGRAM AT LAS CONCHITAS

Golden Reign Resources Ltd. has commenced its 2018 exploration program. The planned program includes 2,000 metres of diamond drilling at its wholly owned San Albino-Murra property in Nueva Segovia, Nicaragua.

Drilling will begin in the Las Conchitas area, located immediately south of the San Albino gold deposit and south of the area of influence that is currently subject to the San Albino gold streaming agreement. Approximately 40 drill holes, aggregating 2,000 metres, will test a portion of the four-square-kilometre Las Conchitas area (four times the size of the San Albino deposit). The drill holes will be shallow -- with maximum depths not exceeding 100 metres -- to specifically target near-surface open-pittable portions of the mineralized zones. Six newly discovered zones of mineralization within Las Conchitas area will be evaluated with the drill program.

The Las Conchitas area hosts a significant number of mineralized zones structurally and geologically similar to the San Albino gold deposit. The zones consist of subparallel, shallow dipping, mineralized quartz veins and schists, with an overall northeast-southwest strike. The aim of the program is to test for continuity and extensions along strike and down dip of the mineralization exposed by the company's recent trenching programs. The ultimate goal is to begin acquiring sufficient information toward developing a mineral resource.

Las Conchitas is adjacent to, and 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, spans the company's landholdings. To date, Golden Reign has completed detailed exploration on only a small portion of the Las Conchitas area. Numerous other targets, including geochemical soil anomalies and historical workings, remain untested. Work completed to date indicates the likelihood of multiple mineralized high-grade structures close to the surface.

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.

The company's land package comprises 13,771 hectares (138 square km) of prospective ground for gold and silver mineralization. Hundreds of historical mines and workings exist within the Corona de Oro gold belt, which is approximately three kilometres wide by 20 kilometres long and is spanned by the company's land package.

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