Mr. Julius Galik reports

UPDATE ON DOREX SHARE CONSOLIDATION AND PRIVATE PLACEMENT

Dorex Minerals Inc. has provided an update to its May 8, 2017, news release regarding the proposed share consolidation of up to 1:10 and the proposed private placement, as follows:

Share consolidation

The company has applied to the TSX Venture Exchange for approval to undertake a share consolidation of 1:10 prior to the closing of the proposed private placement described below. The share consolidation is still subject to TSX Venture Exchange approval.

Private placement

The company announces that, further to the proposed private placement issuance of seven million postconsolidation shares, the offering price of the shares on a postconsolidated basis has been increased to 11 cents per share and the increase of the financing to an amount of up to $770,000 through a non-brokered private placement, which may be closed in tranches. The shares under the offering will be subject to a four-month hold period. The company may pay a finder's fee on the financing or a portion of the financing. Both the financing and the finder's fee remain subject to TSX Venture Exchange acceptance. The proceeds are intended to be used to finance continuing operations and for working capital purposes. The private placement is subject to the completion of the share consolidation.

We seek Safe Harbor.