Mr. Zhuo Cao reports

HFX HOLDING CORP. ANNOUNCES EARLY WARNING REPORTS AND THE APPOINTMENT OF A NEW DIRECTOR

On March 8, 2017, Zhuo (Jackie) Cao sold to Jian Yang a total of 1.7 million common shares of HFX Holding Corp., representing approximately 18.34 per cent of the issuer's issued and outstanding common shares, for aggregate cash consideration of $170,000.

Mr. Cao now owns and controls, directly or indirectly, 941,300 common shares of the issuer, representing approximately 10.16 per cent of the issuer's issued and outstanding common shares. Mr. Cao may from time to time increase or decrease his investments in the issuer depending on market conditions or any other relevant factor.

Mr. Yang now owns and controls, directly or indirectly, 1.7 million common shares of the issuer, representing approximately 18.36 per cent of the issuer's issued and outstanding common shares. This acquisition was carried out privately. Mr. Yang may from time to time increase or decrease his investments in the issuer depending on market conditions or any other relevant factor.

This press release is being disseminated as required by National Instrument 62-103 (the early warning system and related takeover bids and insider reporting issues), which also requires a report to be filed with the B.C. and Alberta securities commissions containing information with respect to the foregoing matters. Further information (including a copy of the early warning reports for Mr. Cao and Mr. Yang to be filed on SEDAR) can be obtained at SEDAR under the issuer's profile.

The issuer is also pleased to announce the appointment of Mr. Yang to its board of directors. Mr. Yang resides in Bayannaoer city, Inner Mongolia, China. Since September, 2009, Mr. Yang has been chairman of the board of Inner Mongolia Zhendong Mineral Corp. (IMZ), a private Chinese company located in Hohhot city, Inner Mongolia. Mr. Yang oversees the key business initiatives of IMZ and is a member of the audit committee overseeing its financial performance. Prior to IMZ, Mr. Yang was the general manager of Feixiang Airlines Ticket Company located in Haikou, Hainan, China, for approximately three years.

About HFX Holding Corp.

The company is a Tier 2 mining issuer holding an option to earn a 100-per-cent interest in the Kiwi property located in the Yukon Territory, as reflected in the company's disclosure record.