Mr. Antonio Berlanga reports

MULTIPLE VEINS RETURN SIGNIFICANT TAHUEHUETO ASSAYS

Telson Mining Corp. has released the following assay results from veins exposed in level 12 decline underground development at its Tahuehueto mine project.

Vein                      Width                        Assays           
                             (m)    Au (g/t)   Ag (g/t)   Cu (%)   Pb (%)   Zn (%)

N12Creston_778N            3.25        7.10      37.05     0.22     0.93     5.37
N12Creston_778N            6.10        5.04      36.18     0.16     1.82     3.88
N12Creston_778S            8.05        2.52      28.06     0.19     0.84     2.90      
N12Perdido NE              4.20        8.02      96.18     2.93     4.99     8.25
N12Perdido SW              4.40        2.62      19.00     1.27     3.84     3.74

Highlights

As outlined in the company's previous news release dated Oct. 2, 2018, the company has been steadily advancing underground development to prepare the Tahuehueto mine project for initial start-up scheduled during Q1 2019.

One of the main production declines under development, the N12 decline, has been driven over 120 metres, exposing veins of the El Perdido zone, the El Creston zone and the newly discovered vein named Enmedio. Channel sampling across these veins has returned excellent assay results on multiple faces.

Please refer to the attached table for detailed sample assay results.

Vein              Sample            Lab    Width                      Assays            
                            certificate       (m)    Au (g/t)  Ag (g/t)  Cu (%)  Pb (%)  Zn (%) 

N12Perdido NE       1959        DU39721     1.00       12.42        44    3.30    1.56    4.73
                    1960        DU39721     1.10        4.47        28    2.91    1.76    8.63
                    1961        DU39721     1.10        2.68        24    2.47    6.79    9.48
                    1962        DU39721     1.00       13.38       303    3.09    9.98    9.98
                   Total                    4.20        8.02        96    2.93    4.99    8.25
N12Perdido SW       1954        DU39666     1.10        2.01        33     1.7    1.41    2.40
                    1955        DU39666     1.10        3.81        24    2.08    7.81    2.07
                    1956        DU39666     1.10        4.41        12    1.04    3.64    9.37
                    1957        DU39666     1.10        0.27         7    0.24    2.48    1.10
                   Total                    4.40        2.62        19    1.27    3.84    3.74
N12Enmedio          1970        DU39840     1.10        0.93        28    0.12     0.2    0.53
                    1971        DU39840     1.30        0.02         8    0.00    0.03    0.15
                    1972        DU39840     0.60        9.71        61    0.61    0.24    0.39
                   Total                    3.00        2.29        26    0.17    0.13    0.34
N12Creston_778N     1885        DU40120     0.80        7.98        48    0.10    1.45    2.64
                    1886        DU40120     1.10        5.48        39    0.19    2.36    6.72
                    1887        DU40120     1.70        2.54        29    0.21    0.71    2.69
                    1888        DU40120     1.20        4.60        35    0.07    0.44    0.72
                    1889        DU40120     1.30        6.55        37    0.18    4.30    6.73
                   Total                    6.10        5.04        36    0.16    1.82    3.88
N12Creston_778S     2351        DU40120     1.30        2.86        13    0.11    0.37    0.51
                    2352        DU40120     1.40        0.73        22    0.18    0.59    1.68
                    2353        DU40120     1.20        5.91        34    0.20    0.99    3.85
                    2354        DU40120     1.10        1.20        34    0.14    0.51    3.41
                    2355        DU40120     1.05        3.07        32    0.18    1.43    6.66
                    2356        DU40120     1.20        1.30        36    0.30    1.09    2.68
                    2357        DU40120     0.80        2.96        29    0.24    1.11    2.22
                   Total                    8.05        2.52        28    0.19    0.84    2.90
N12Creston_772S     2387        DU40206     0.50        4.47       154    0.55    3.04    4.88
                    2388        DU40206     0.90        4.38        74    0.15    1.84    1.91
                    2389        DU40206     0.30        0.66        20    0.07    1.21    1.24
                   Total                    1.70        3.75        88    0.25    2.08    2.67
N12Creston_778S     2368        DU40174     0.80        2.57        46    0.31    1.11    5.42
                    2369        DU40174     0.85        0.45        34    0.30    1.43    2.19
                    2370        DU40174     0.70        2.21        32    0.25    1.18    2.32
                    2371        DU40174     0.75        3.89        23    0.18    0.53    1.57
                    2372        DU40174     0.90        2.11        36    0.33    1.14    2.49
                   Total                    4.00        2.20        34    0.28    1.09    2.81
N12Creston_778N     2364        DU40174     0.70        6.97        31    0.31    0.36    8.67
                    2365        DU40174     0.70       15.40        85    0.49    1.93   11.10
                    2366        DU40174     0.80        2.21         7    0.03    0.30    0.37
                    2367        DU40174     1.05        5.37        32    0.12    1.13    3.16
Total                                       3.25        7.10        37    0.22    0.93    5.37

All samples were submitted to SGS De Mexico SA de CV's independent laboratory located in the city of Durango, Mexico. Assay methods utilized were multielement GE ICP14B, GE FAA313 for gold and silver, and GO ICP90Q for lead and zinc overlimits. Additional details on the used assay methodologies can be found on the SGS website.

Antonio Berlanga, chief executive officer of Telson Mining, commented: "The assay values returned confirm the excellent ore quality and potential of Tahuehueto. Selective cut-and-fill mining methods to be used during mining operations will ensure the high quality of mined ore, minimize dilution and help deliver low mining cost. This, along with an innovative mine design that is significantly reducing the required underground development that was envisioned in previous studies, is sure to allow the Tahuehueto mine to maximize future profitability for the benefit of all Telson stakeholders, including employees, local communities and shareholders."

About Telson Mining Corp.

Telson Mining is a Canadian-based mining company with two Mexican gold, silver and base metal mining projects. Telson Mining is currently in commercial production at its 100-per-cent-owned Campo Morado mine in Guerrero, Mexico. Effective May 15, 2018, Telson Mining declared commercial production at Campo Morado. Telson is currently producing zinc and lead concentrates with gold, silver and copper as byproducts, processing an average of approximately plus 2,000 tons per day through the Campo Morado milling facilities.

Qualified person

This press release was prepared under the supervision and review of Ralph Shearing, PGeol, president and director of Telson Mining, a professional geologist registered in Alberta as a member of the professional association APEGA, and a qualified person as defined by National Instrument 43-101. Data verification by Mr. Shearing includes personal inspection of the Campo Morado and Tahuehueto mine sites, reviewing mining facilities, drill core, underground development, and discussing work programs and results with geology and mining personnel.

We seek Safe Harbor.