Mr. Gary MacDonald reports

AINTREE TO ACQUIRE TONOPAH GOLD PROJECT

Aintree Resources Inc.'s wholly owned subsidiary, 0862130 Corp., has entered into an asset purchase agreement with Midway Gold U.S. Inc. to acquire the Tonopah project, located near Tonopah, Nev. Aintree will acquire the project by assuming certain royalty and environmental obligations and by providing other valuable considerations, including $25,000 (U.S.) in cash payments. On June 22, 2015, Midway filed a voluntary petition for relief under Chapter 11 of Title 11 of the U.S. code in the U.S. Bankruptcy Court for the District of Colorado. On March 22, 2017, the court issued an order authorizing the sale of the Tonopah project by Midway to Aintree free and clear of liens, claims and interests pursuant to applicable sections of the bankruptcy code.

The Tonopah project is an advanced-stage exploration project located on the prolific Walker Land trend of western Nevada. Historical drilling programs on the Tonopah project have completed a total of 282,765 feet of drilling in 478 reverse circulation and 146 core holes on the property. A total of nine mineralized zones have been broadly outlined. The Tonopah project consists largely of fault/fracture-hosted mineralization formed near the contact of a Paleozoic argillite and Tertiary felsic volcanics. Gold mineralization is associated with veins, breccias and fractures, with lower-grade mineralization spreading vertically and especially laterally into the surrounding rock. Higher grades appear to project along the same structures.

The Tonopah property consists of 444 unpatented mineral claims, 185 of which are subject to a royalty interest. The property has been evaluated by past owners at various times for its open-pit potential and at other times for its underground potential due to the presence of high-grade vein structures, as well as lower-grade more disseminated mineralization around the vein structures. Historical mineral resource estimates have been published with either or both of these targets in mind. The Tonopah property was the subject of an independent National Instrument 43-101 technical report, prepared for Midway by Gustavson Associates LLC of Lakewood, Colo., titled "Technical report on the Midway project, Nye county, Nevada," and dated April 1, 2011. That 2011 report is available under Midway's SEDAR profile. No drilling has been conducted on the property since 2011.

Aintree has also entered into a royalty deed modification and waiver of claims agreement with underlying royalty holders on the Tonopah project to waive certain claims by the royalty holders against Midway, eliminate advance royalty payments and to restructure an onerous sliding-scale net smelter royalty (NSR) into a flat 2.0-per-cent NSR structure. In exchange, Aintree paid cash consideration of $50,000 (U.S.) and 1.50 million shares of the company.

The parties to the asset purchase agreement and the royalty deed modification and waiver of claims agreement are at arm's length to Aintree, and to one another.

The formal completion of the above-described transactions remains subject to customary regulatory approvals, including the acceptance of the NEX exchange, and the consideration shares will be subject to customary hold periods.

The company intends to consolidate all available information on the property and has engaged Gustavson Associates to prepare an updated NI 43-101-compliant technical report to evaluate that information, and to provide guidance on a forward-looking work program.

Technical information in this release has been reviewed and approved by Donald E. Hulse (PE), principal mining engineer of Gustavson, a qualified person as that term is defined in NI 43-101. Mr. Hulse was one of four authors of the 2011 technical report.

We seek Safe Harbor.