Mr. Kiril Mugerman reports

KINTAVAR CONFIRMS NEAR SURFACE MINERALIZATION AT THE CONAN ZONE; IDENTIFIES A LARGE COPPER SOIL ANOMALY IN THE AREA

Kintavar Exploration Inc. has released drilling, geochemical and geophysical results for the Conan zone. The Conan zone is located in the northwestern part of the Sherlock corridor where the main Sherlock zone is being explored. The Conan zone was originally discovered in 2018 by following historical soil anomalies and now has been confirmed by drilling. Drill holes MS-18-43 and MS-18-44 intersected the mineralized horizon that was discovered on surface (0.48 per cent copper over 12.1 metres, see press release dated Oct. 15, 2018) and returned assays of 0.33 per cent Cu over 10 m and 0.21 per cent Cu over 17.25 m, respectively. Further drill results from Sherlock area are pending and expected shortly.

Additional geophysical survey (induced polarization) in fall 2018 in the Conan area identified a large region of favourable stratigraphy over 1.5 kilometres long and 200 metres wide, which has now been confirmed with the recent drilling to host mineralization both at surface and at depth. The soil geochemistry survey conducted late in 2018 then identified a large soil anomaly in the northern portion, which is similar in size and strength to the original soil anomaly that lead to the discovery of the Sherlock zone in 2017.

"The Conan zone has now become a high-priority target with strong potential to identify another zone that shows similar stacking of mineralized horizons to that identified in the main Sherlock zone. The structure, soil anomalies, mineralized boulders on surface, the proximity to the Sherlock zone and now confirmation by drilling, gives us all the indicators needed to conduct a detailed surface exploration program in that area in 2019. Furthermore, the success of our trenching and follow-up by drilling demonstrates again the presence of mineralization from surface and the efficiency of our exploration approach," comments Kiril Mugerman, president and chief executive officer of Kintavar.

                   ASSAYS FOR DRILL HOLES MS-42 TO MS-45
 
Drill hole     Length (m)     From (m)  To (m)  Thickness (1) (m)   Cu %   Ag (g/t)

MS-18-43             165         3.75   13.75              10.00    0.33       3.3
                            incl 8.70   12.00               3.30    0.52       4.5
MS-18-44              60         4.45   21.70              17.25    0.21       1.7
                            incl 4.45   15.40              10.95    0.29       2.4
                           incl 10.00   15.40               5.40    0.48       3.7
MS-18-45              42 -   Late alc   aline          intrusive     NSV       NSV

 
(1): True thickness is estimated at 70 to 80 per cent of the intersected thickness.
(2): NSV stands for no significant value (under 0.1 per cent or under one g/t Ag).                                           

All samples have been sent and prepared (PREP-31) by ALS Global laboratory in Val d'Or. The pulp was sent to ALS Global laboratory in Vancouver for copper assays (CU-ICP61), silver assays (AG-ICP61) or a multielemental analysis by four-acid digestion (ME-ICP61) and spectroscopy (ICP-AES/MS). Samples with assays higher than 10,000 parts per million Cu were reanalyzed by atomic absorption (CU-OG62) at the ALS Global Vancouver laboratory. Quality controls include systematic addition of blank samples and certified copper standards to each batch of samples sent to the laboratory.

National Instrument 43-101 disclosure

Alain Cayer, PGeo, MSc, vice-president of exploration of Kintavar, is a qualified person under NI 43-101 guidelines who supervised and approved the preparation of the technical information in this news release.

About Kintavar Exploration Inc. and the Mitchi property

Kintavar Exploration is a Canadian mineral exploration corporation engaged in the acquisition, assessment, exploration and development of gold and base metal mineral properties. The company's flagship project is the Mitchi property (approximately 30,000 hectares and 100 per cent owned), located west of the Mitchinamecus reservoir, 100 kilometres north of the town of Mont-Laurier.

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