Mr. Ralph Shearing reports

TELSON MINING CORPORATION CAMPO MORADO UPDATE

Telson Mining Corp. has provided the following corporate update.

Several scheduled upgrades were recently made in the mill processing plant installations, including, among others: (i) changing of ball mill liners with newly designed liners that allow for the replacement of the past five-inch balls that were being used with three-inch balls, which increases the life of the liners; (ii) conducting a review of the primary jaw crusher and initiation of adaptations for the installation of a secondary cone crusher, which will reduce the size of the ore feed to the mill from minus-seven inches to minus-two inches; (iii) revising the cyclones classification system to reduce the circulating load in grinding. These changes are all aimed at increasing the grinding capacity of the mill to facilitate reaching management's target of processing up to 3,000 tonnes per day by the end of 2018.

The company also conducted metallurgical testing, obtaining very favourable results for increasing the quality of zinc concentrates and, as a result, will be implementing an additional cleaning of the zinc concentrate within the mill to increase the quality of zinc concentrates on a continuing basis.

Jose Berlanga, Telson's chief executive officer, commented, "The mill upgrades outlined above are a small part of management's continued mine improvement plans at Campo Morado and are designed to achieve goals of planned increases in production, along with further reductions to all-in operating cost."

About Telson Mining Corp.

Telson Mining is a Canada-based mining company with two Mexican gold, silver and base metal mining projects.

Telson Mining is currently in production at its 100-per-cent-owned Campo Morado mine in Guerrero, Mexico. Telson acquired Campo Morado in June, 2017, recommenced mining and processing operations in October, 2017, with preproduction from mine development on a trial basis that commenced at an average 1,400 tonnes per day, and declared commercial production as of May 15, 2018. The company's production rate has now reached, and surpassed, an average of 2,000 tonnes per day, with a short-term target rate of 2,500 tonnes per day, increasing toward 3,000 tonnes per day near the end of 2018.

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