Ms. Nicole Brewster reports

CHALICE GOLD MINES MAKES INVESTMENT IN RENFORTH AND OPTIONS DENAIN-PERSHING PROPERTY

Renforth Resources Inc. has granted an earn-in option on the Denain-Pershing property to Chalice Gold Mines Ltd. In addition, Chalice has agreed to participate in Renforth's next financing transaction in the amount of $250,000, on the same terms (to be determined) as other participants.

In order to earn an 80-per-cent interest in the Denain-Pershing property, Chalice will, over a three-year period, make payments to Renforth totalling $200,000 and spend $1.25-million in work on the property. Once Chalice has earned its interest, an 80/20 joint venture will be formed between Chalice and Renforth.

"Renforth is pleased to welcome Chalice as a partner in the Denain-Pershing project, and eventually as a shareholder in Renforth. Chalice is a well-financed Australian and Toronto Stock Exchange-listed company with multiple gold properties, including those near the Denain-Pershing property. The proposed equity position in Renforth, as well as the JV, is indicative of their interest in the area as well as the merit of Renforth's resource properties on the Cadillac Break and elsewhere, Renforth is a well-positioned junior gold explorer. This year we will focus our exploration dollars on building gold ounces on two of our properties and I look forward to reporting the work to be done by Chalice through this JV partnership," stated Nicole Brewster, president and chief executive officer of Renforth.

The option agreement is subject to the completion of continuing due diligence and any regulatory approvals required. The equity order is subject to agreement to terms, all parties acting reasonably, and is expected to close by May 31, 2018.

We seek Safe Harbor.