Mr. Ken McNaughton reports

CAMINO MINERALS INCREASES THE RECENTLY ANNOUNCED FINANCING

Camino Minerals Corp. has increased the size of the financing announced on May 2, 2017, and now intends to raise up to $5,035,000, by way of a private placement, to finance the phase 2 drill program at its Los Chapitos project, located in southern Peru.

The non-brokered private placement will consist of up to 5.3 million units at a price of 95 cents per unit for aggregate proceeds of up to $5,035,000. Each unit will consist of one common share of the company and one non-transferable share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at a price of $1.35 per common share for a period of 24 months after the closing date of the private placement. The warrants will be subject to an acceleration right in favour of the company: Should the closing price of the common shares of the company on the TSX Venture Exchange be $2 or higher for 10 consecutive trading days, the company will be entitled to accelerate the expiry of the warrants to the date that is 30 business days from the date of the issuance of a news release by the company announcing the exercise of the acceleration right.

The securities issued under the offering will be subject to a hold period of four months and finders' fees may be payable in connection with the issuance of the securities. The private placement is subject to applicable regulatory approvals, including the approval of the TSX Venture Exchange.

Net proceeds of the private placement will be used to finance continuing exploration, including the phase 2 diamond drill program at the Chapitos project and for general working capital.

The phase 1 reverse circulation (RC) drill program totalled five holes and focused on the Adriana zone, one of several zones located along a six-kilometre-long trend on the eastern side of the property. All five RC holes intersected varying amounts of oxide copper mineralization. Holes CHR-002 and CHR-005 also intersected sulphide mineralization averaging 1.30 per cent copper over 106 metres, including 2.12 per cent copper over 38 metres, and 0.86 per cent copper over 44 metres, including 1.85 per cent copper over 16 metres, respectively. The RC drill program was suspended due to significant hole deviations and drill cutting returns averaging 70 per cent. A diamond drill has been contracted to complete the phase 2 program and is scheduled to begin work in early May. This program is expected to include drilling a twin for hole CHR-002, and completing the initial test of the Katty zone, which lies one kilometre east of the Adriana zone. Assays will be release as they become available.

A summary presentation, including drill plans and sections, can be found on the company website.

Kenneth C. McNaughton, MASc, PEng, is the qualified person (QP) responsible for the Chapitos project.

About Camino Minerals Corp.

Camino is a discovery-oriented mineral exploration company. The company is focused on the acquisition and development of high-grade copper and precious metal projects.

We seek Safe Harbor.