Mr. Adrian Lamoureux reports

92 RESOURCES CORP. PROVIDES A 2018 YEAR-IN-REVIEW AND OUTLINES 2019 EXPLORATION PLANS

92 Resources Corp. has provided its shareholder and investor base with a 2018 year-in-review summary for the exploration completed on the company's portfolio of assets. A significant amount of work was completed in 2018, resulting in several discoveries on the company's properties and culminating into an option agreement with Osisko Mining Inc. for the FCI property, which is situated contiguous to the company's flagship Corvette property.

Adrian Lamoureux, president and chief executive officer of 92 Resources, commented: "We would like to express our gratitude to the shareholders, stakeholders and investors of the company for their patience and continued support through a busy 2018. We envision a strong year ahead in 2019 as we continue to advance and develop our project portfolio and further position the company for long-term success and increasing shareholder value."

2018 highlights include:

• Successful surface exploration program at the company's flagship Corvette lithium property, resulting in the discovery of several new occurrences as well as a significant expansion of the land position:
  • The high-grade channel sampling results from the CV1 pegmatite confirm strong grade over width potential for the body.
  • The discoveries of the CV3 and CV4 spodumene-bearing pegmatites highlight a potentially large mineralizing system may be present along strike and at depth.
• The company consolidated more than 15 kilometres of trend considered prospective for spodumene-bearing pegmatite through an option agreement with Osisko Mining for the FCI property, which is situated contiguous to the company's wholly owned Corvette property.
• The company had a successful inaugural surface exploration program at the Pontax property, resulting in the discovery of a well-mineralized spodumene-bearing pegmatite.
• The company had a successful maiden drill program at the Hidden Lake property, which was fully financed by 92 Resources' option partner, Far Resources Ltd.
• The company had a strong flow-through financing to end 2019, well positioning 92 Resources' treasury to support its 2019 exploration plans and work commitments.

Corvette-FCI property

The company was very active in 2018 with a significant amount of news flow. The company's primary focus of exploration in 2018 was on its lithium assets, specifically the Pontax and Corvette properties, located in the James Bay region of Quebec. As follow-up to the high-grade lithium results from 2017 grab samples, the CV1 pegmatite at Corvette was channel sampled and returned high grades from each channel, including 2.28 per cent lithium oxide over six metres and 1.54 per cent lithium oxide over eight metres. Collectively, all channel samples collected from CV1 average 1.35 per cent lithium oxide and indicate widespread mineralization throughout the pegmatite body. The results are very encouraging and are further complemented by the discovery of high-grade tantalum. The CV1 pegmatite has exposed dimensions of approximately 15 metres to 30 metres in width by over 175 metres in length. The target is drill ready and permits are expected to be received shortly.

The 2018 field program at Corvette also resulted in the discovery of two new spodumene-bearing pegmatite occurrences: CV3 and CV4. The discovery of these occurrences is significant. The occurrences outline two distinct areas/trends and, collectively, expand the lithium potential of the property considerably. The CV3 outcrop indicates a new subparallel, spodumene-bearing dike is present in the immediate area of the primary occurrence and further emphasizes the potential for additional dikes to be present in the near vicinity. The extensive lateral extent between the two discovery areas (approximately three kilometres), as well as the size of the CV1 pegmatite (15 metres to 30 metres wide by at least 175 metres in length), suggests a strong potential for lateral continuity as well as a significant depth extent of the pegmatite dike system.

Following the surface program at Corvette, the company consolidated its land position through an option agreement with Osisko Mining for up to a 75-per-cent interest in the adjacent FCI property. The company now controls more than 15 kilometres of trend considered prospective for spodumene-bearing pegmatite, with the majority never having been assessed for lithium. This trend, with four spodumene-bearing occurrences already known, will be a strong focus of exploration in 2019.

In addition to the strong lithium potential, the Corvette and FCI properties also host significant base and precious metal potential. This is highlighted by the Lac Bruno gold showing, consisting of a gold-bearing and sulphide-bearing amphibolite boulder of 38.1 grams per tonne gold, as well as the sericite showing, where a grab sample from a sulphide-bearing sericite schist returned 0.3 gram per tonne gold, 150 grams per tonne silver, 1.89 per cent copper, 11.15 per cent lead and 1.45 per cent zinc. Although not a focus for the company, the base and precious metal potential of the properties is evident and additional groundwork is warranted.

The immediate area surrounding the Corvette-FCI property also attracted significant attention this past fall through a discovery by Midland Exploration Inc. of a new high-grade copper-gold-molybdenum-silver-mineralized system on its Mythril property, which is located immediately west and adjacent to Corvette-FCI. A significant amount of staking followed, which partly surrounded the company's claim block and has further bolstered the base and precious metal potential of the properties in the immediate area, including the Corvette-FCI property block, which is one of the largest consolidated land positions in the region.

Pontax property

The 2018 surface exploration of the Pontax property resulted in the discovery of two spodumene-bearing pegmatites located approximately 600 metres apart. Satellite imagery indicates additional outcrop occurrences are present between the samples, which indicates a larger, more continuous body may be present. The area remains largely unassessed. The company expanded the Pontax property in 2018 and now holds one of the largest land positions in the area.

Hidden Lake property

During the first quarter of 2018, the company optioned the Hidden Lake lithium property to Far Resources, whereby Far Resources may acquire up to a 90-per-cent interest for a combination of cash, shares and exploration work commitment over three years. The agreement has resulted in the completion of a fully financed and successful maiden drill program at Hidden Lake this past summer, while allowing the company to focus on its flagship Corvette property in Quebec. The drilling at Hidden Lake was very successful, with numerous well-mineralized intersections returned from near surface, including 1.6 per cent lithium oxide over 9.2 metres and 2 per cent lithium oxide over 5.2 metres. The company currently retains a 40-per-cent interest in the project, with Far Resources having earned an initial 60-per-cent undivided interest under the terms of the agreement.

Corporate

The year also included the release of a National Instrument 43-101 technical report on the company's Golden metallurgical silica and frac sand project in British Columbia, as well as the appointment of Darren Smith, MSc, PGeol, to the company's advisory board.

The company ended the year on a positive note with a successful capital raise of flow-through shares totalling $618,000. With a current treasury totalling approximately $900,000, including marketable securities, the company is well positioned for 2019 with its exploration plans and work commitments fully funded.

2019 exploration plans

The company is currently outlining its program budgets and objectives for the 2019 calendar year, where a large focus will be on completing the year 1 earn-in on the FCI property in Quebec. The company is working closely with Osisko Mining, the project operator, to outline a comprehensive surface program over the property, focused on the main corridor of interest, as identified from the 2018 exploration at Corvette. The company is currently reviewing the historic dataset provided by Osisko Mining and is developing its exploration approach.

The company also intends to complete follow-up exploration on the adjacent and wholly owned Corvette property immediately following the FCI surface work. The 2018 exploration at Corvette resulted in the discovery of new spodumene-bearing pegmatite occurrences as well as more than doubling the property size, which remains to be explored. The 2019 surface exploration programs at Corvette-FCI are planned for the spring-summer period and will be designed to identify, as well as rank, targets ahead of a maiden drill campaign at the project.

Continued exploration at Pontax will also follow up on the two spodumene-bearing pegmatites discovered in 2018. In addition, field programs at the Eastman and Lac du Beryl properties are expected to be advanced.

A surface sampling program is also planned for the recently acquired Silver Sands vanadium property, which is located in the Pine Pass area of British Columbia and proximal to well-established power, highway and railroad infrastructure. The property is grassroots in nature and targets vanadium mineralization hosted within black shales associated with phosphate horizons. The regionally mapped rock units, which are known to host vanadium-bearing horizons, have been identified on the property, although the vanadium potential has not been assessed.

About 92 Resources Corp.

92 Resources is a modern energy solution company that is focused on acquiring and advancing strategic and prospective modern energy-related projects. The company currently holds four principal assets in Canada: the Corvette and Pontax lithium properties in Quebec, the Golden frack sand property in British Columbia and the Hidden Lake lithium property in the Northwest Territories, currently under option to Far Resources.

NI 43-101 disclosure

Darren Smith, MSc, PGeol, of Dahrouge Geological Consulting Ltd. is a qualified person as defined by NI 43-101. Mr. Smith has supervised the preparation of the technical information in this news release.

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