Ms. Linda Brennan reports

VINE PROPERTY EXPLORATION UPDATE

Drilling and geophysics on the Vine property support the potential to discover multiple deposits in a sedimentary basin that PJX Resources Inc. believes could be similar in size or possibly larger than the basin hosting the Sullivan deposit, located 35 kilometres north of the property.

Hole VA17-28 was drilled to test a VTEM airborne electromagnetic (EM) anomaly and is located approximately two kilometres southwest of the Eastern Gravity anomaly. The EM anomaly appears to be associated with a massive sulphide pyrite/pyrrhotite bed, 10 centimetres thick, at the Sullivan time. Disseminated sphalerite (zinc mineralization) is encountered in the 150-metre section of sediments below the Sullivan time and above the Footwall Quartzite (FWQ) sedimentary unit. Fracture controlled chlorite alteration with pyrite/pyrrhotite (iron sulphide) was intersected within the 150-metre-thick FWQ unit. Locally intense hydrothermal alteration consisting of chlorite, albite and/or garnets was encountered over a 60-metre interval beneath the FWQ. This latter altered horizon appears to have been intruded by a thick gabbro sill similar to the gabbro arch at the Sullivan deposit.

"This style of hydrothermal alteration and mineralization is consistent with what you would see around the Sullivan deposit," states Dave Pighin, PGeo for the Vine project. "The hole was drilled over one kilometre from where I drilled two holes in the 1990s that intersected massive sulphide at the base of the same Footwall Quartzite unit. One hole, KV90-41, intersected 3.5 metres averaging 2.08 per cent zinc, 4.34 per cent lead, 42 grams per tonne silver, 0.11 g/t gold and 0.41 per cent copper. The other hole, KV94-57, intersected 0.5 metres averaging 5.20 per cent lead, 4.40 per cent zinc and 41 g/t silver. No holes have been drilled to test this horizon to the north or west where the West Gravity anomaly is located."

Drilling on the East Gravity anomaly has outlined a zone of anomalous zinc mineralization that is at least 550 metres long and has a true thickness of about 100.0 metres (see news release March 2, 2017). Geological information from this drilling has been used to reinterpret the gravity data for the property. (Please see new gravity interpretation map showing the East, West and new Southwest gravity target areas at the company's website.)

"The new gravity interpretation suggests that the West Gravity anomaly may extend to the south and that this latest hole was drilled at the southern limit of the anomaly," states John Keating, president and chief executive officer. "The anomaly is over four kilometres long and may represent a sedimentary basin that occurs at the intersection of two major faults, similar to the Sullivan-Northstar basin that hosts the Sullivan deposit. Shallow holes, VA15-06 and VA15-16, drilled on the north end of the anomaly during 2015, intersected bands of pyrite/pyrrhotite and disseminated sphalerite, respectively. Neither of these holes tested to the depth of the mineralized Footwall Quartzite unit. Additional drilling is planned to test the anomaly."

The foregoing geological disclosure has been reviewed by Dave Pighin, PGeo, and John Keating, PGeo (qualified persons for the purpose of National Instrument 43-101 -- standards of disclosure for mineral projects). Mr. Pighin is the project manager for the Vine property. Mr. Keating is the president, chief executive officer and a director of PJX.

About PJX Resources Inc.

PJX is a mineral exploration company focused on building shareholder value and community opportunity through the exploration and development of mineral resources with a focus on gold. PJX's primary properties are located in the historical mining area of Cranbrook and Kimberley, B.C.

We seek Safe Harbor.