Ms. Ingrid Hibbard reports

PELANGIO EXPLORATION ENGAGES ASTY CAPITAL AG FOR CONSULTING AND ADVISORY SERVICES

Pelangio Exploration Inc. has entered into an agreement with Asty Capital AG to provide consulting and advisory services. Asty Capital, based in Zurich, Switzerland, is an independent investment company focusing on the precious metals and resources sector.

Consideration

In consideration of entering into this agreement and for the various introductions and advisory services already provided to Pelangio, including the introduction to David Paxton, who recently joined the board of directors of Pelangio, Asty Capital will receive two million common shares of Pelangio. Pelangio will also pay a quarterly fee of $25,000 (U.S.) commencing on April 3, 2018. The term of the agreement is for one year. Resale of the common shares being issued will be restricted for a period of four months plus one day from the date of issuance. The proposed share issuance is subject to Pelangio receiving prior approval of the TSX Venture Exchange.

Ingrid Hibbard, president and chief executive officer of Pelangio Exploration, stated, "With the formalization of our relationship with Asty Capital, which was founded in 1979, we look forward to drawing on their years of experience in Europe and in the precious metals and resources sector."

About Pelangio Exploration Inc.

Pelangio successfully acquires and explores camp-sized land packages in world-class gold belts. The company primarily operates in Ghana, West Africa, an English-speaking common law jurisdiction that is consistently ranked amongst the most favourable mining jurisdictions in Africa. The company is exploring three 100-per-cent-owned camp-sized properties: the 100-square-kilometre Manfo property, the site of seven recent near-surface gold discoveries; the 264-square-kilometre Obuasi property, located four kilometres on strike and adjacent to AngloGold Ashanti's prolific high-grade Obuasi mine; and the early-stage 159-square-kilometre Akroma property, which includes the Dormaa and Wamfie concessions.

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