Mr. Mac Balkam reports

ESKAY ACQUIRES TITLE TO SIB PROPERTY

Eskay Mining Corp., further to its press release of May 5, 2016, has used the proceeds from the recently completed private placement to repay a loan relating to the company's SIB property at Eskay Creek, B.C., and title to the SIB property has been transferred into the name of the company.

The company earned its 80-per-cent interest in the SIB property on Jan. 23, 2013, pursuant to an option agreement with St. Andrew Goldfields Ltd. (now known as Kirkland Lake Gold Inc.) by expending $3.98-million on exploration of the SIB property. The SIB property encompasses 33,000 hectares immediately adjacent to the prolific Eskay Creek gold-silver mine of Barrick Gold, which ceased production in 2008. Combined with Eskay's 100-per-cent-owned Corey property to the south, it controls 46,000 hectares, or approximately 130,000 acres, in northwest British Columbia's Golden Triangle.

As previously announced, Eskay is seeking a joint venture partner to explore its properties. The properties are adjacent to those of Seabridge Gold, with the Kerr, Sulphurets, Mitchell and Fe Cap porphyry copper-gold deposits, and to those of Pretium Resources with the Valley of the Kings high-grade gold-silver deposit.