Ms. Nicole Brewster reports

RENFORTH INCREASES PARBEC CONTAINED OUNCES OF GOLD BY 28% IN THE INFERRED CATEGORY AND 11% IN THE INDICATED CATEGORY WITH SEPTEMBER 2018 RESOURCE ESTIMATE

Renforth Resources Inc. has provided an updated September, 2018, resource estimate for Parbec consisting of an inferred 656,875 ounces gold and an indicated 37,224 oz Au. This increase to the resource estimate is the result of positive drill results obtained in 25 holes over 5,600.8 m in the last 10 months.

          SEPTEMBER, 2018, PARBEC RESOURCE ESTIMATE
  
Version               Tonnage t  Grade g/t Au Contained ounces

2018 (inferred)       9,659,636          2.33          656,875         
2018 (indicated)        368,105          3.47           37,224          
2016 (inferred)       7,256,872          2.01          514,108         
2016 (indicated)        263,230          3.62           33,592          
Inferred % increase      33.11%        15.99%           27.77%          
Indicated % increase     39.84%        -4.22%           10.81%          

September, 2018, resource estimate parameters

1. 50-metre search radius used for tonnage polygon construction;
2. Assays are raw, uncomposited, uncapped;
3. Lower cut-off of 0.50 gram per tonne gold applied to calculated intervals;
4. Density of 2.8 tonnes per cubic metre used for tonnage calculations;
5. Core width intervals used for tonnage calculations.

"I am pleased that Renforth is able to deliver to shareholders this value increase to our asset. Despite the general lack of interest in the junior exploration market we have been able to fund our exploration plan and update our resource, acquiring the additional 146,399 contained ounces of gold at an all-in exploration cost below $9/ounce. I hope shareholders take comfort in this demonstration of our efficient use of shareholder capital. I personally believe that focusing on growing our assets where we can, cost-effectively, in this market where junior exploration is largely overlooked, will benefit Renforth once gold ounces are desired," states Nicole Brewster, president and chief executive officer of Renforth.

Mineralization at Parbec is at surface, down to a current maximum vertical depth of 738 m, the deepest point included within the resource estimate is at a depth of 440 m. With a few exceptions the bulk of the drilling at Parbec can be considered relatively shallow, resulting in a resource that is currently shallow but open at depth, offering the potential to add ounces with successful deeper drilling. In addition to being open at depth the mineralization is also open along strike, approximately 700 m of interpreted surface strike of the mineralized structure remains on the Parbec property to be drilled.

      SEPTEMBER, 2018, PARBEC RESOURCE ESTIMATE CUT-OFF GRADE SENSITIVITY

Resource estimate category  Cut-off grade     Tonnage   Grade (g/t)          Oz Au

2018 inferred                         0.5   9,589,852         2.34         655,644
2018 inferred                        0.75   8,596,163         2.53         634,553
2018 inferred                           1   7,164,688         2.82         589,306
2018 inferred                        1.25   5,538,203         3.25         524,589
2018 inferred                         1.5   3,958,126         3.88         448,101
2018 inferred                        1.75   3,400,715         4.19         415,553
2018 inferred                           2   2,800,356         4.60         376,119
2018 inferred                        2.25   2,451,150         4.89         349,638
2018 inferred                         2.5   2,156,716         5.16         324,563
2018 inferred                        2.75   1,632,459         5.80         276,045
2018 inferred                           3   1,550,765         5.92         267,890
2018 indicated                        0.5     368,105         3.47          37,224
2018 indicated                       0.75     364,699         3.49          37,137
2018 indicated                          1     347,881         3.61          36,632
2018 indicated                       1.25     288,730         4.06          34,207
2018 indicated                        1.5     225,532         4.75          31,247
2018 indicated                       1.75     173,281         5.61          28,364
2018 indicated                          2     167,536         5.73          27,986
2018 indicated                       2.25     167,536         5.73          27,986
2018 indicated                        2.5     114,650         7.11          23,783
2018 indicated                       2.75      95,262         7.91          21,976
2018 indicated                          3      79,631         8.80          20,450

The "September, 2018, Parbec resource estimate cut-off grade sensitivity" table is included to demonstrate the effect of raising the cut-off grade above the 0.5 g/t used in the September, 2018, resource estimate. As seen the tonnage meeting the higher cut-off grade decreases, resulting in fewer ounces within that tonnage with a higher grade than the 2018 resource estimate stated.

With the release of this resource update Renforth will, as previously announced, commence non-brokered fundraising efforts through the issuance of units on a common or flow-through share basis. These units will be priced at five cents with a full warrant exercisable at 10 cents for 24 months from closing and at six cents with a half warrant exercisable at 12 cents for 18 months from closing respectively. The amount to be raised will depend upon market conditions, at a minimum Renforth would look to raise $250,000, as this amount is sufficient for a drill program at Parbec.

A National Instrument 43-101 technical report supporting this resource estimate update will be filed on SEDAR once available.

Technical information in this press release has been reviewed and approved by Francis Newton, PGeo, a qualified person pursuant to the guidelines of NI 43-101.

We seek Safe Harbor.