Mr. Peter Tegart reports

FINORE MINING PROVIDES BI-WEEKLY DEFAULT STATUS REPORT

Further to the management cease trade order dated May 2, 2016, issued under National Policy 12-203 (cease trade orders for continuous disclosure defaults) in respect of Finore Mining Inc.; the default announcement of the company dated April 30, 2016; and the subsequent biweekly default status reports issued on May 16, 2016, May 30, 2016, June 13, 2016, June 28, 2016, and July 12, 2016, on July 18, 2016, the company filed its audited annual financial statements for the fiscal year ended Dec. 31, 2015, management's discussion and analysis in respect of the annual statements, and related certifications.

The company advises that it has not yet filed interim financial statements for the quarter ended March 31, 2016, and related management's discussion and analysis, and certifications. It anticipates filing the same within the next two weeks, at which point the company expects the MCTO to be revoked.

Pursuant to the MCTO, the chief executive officer and the chief financial officer of the company may not trade in securities of the company until such time as the executive director of the B.C. Securities Commission revokes the MCTO.

The MCTO does not affect the ability of other shareholders of the company to trade their securities.

Other than as disclosed in this press release, there are no material changes to the information contained in the default announcement. The company confirms that it intends to satisfy the provisions of Section 10 of NP 12-203 and will continue to issue biweekly default status reports for so long as the company remains in default of the financial statement filing requirements.

We seek Safe Harbor.