Mr. Frank Basa reports

GRANADA GOLD MINE ANNOUNCES DATE FOR DIVIDEND PAYMENTS

Granada Gold Mine Inc. will be issuing its third annual Castle Silver Resources Inc. unit dividend to all shareholders on record as at Feb. 27, 2018, subject to TSX Venture Exchange approval.

The company previously announced that it was distributing pro rata 10 million Castle units received pursuant to a share purchase agreement with Castle subject to certain restrictions to its shareholders in increments of 2.5 million annually on April 26, 2016, Feb. 27, 2017, 2018 and 2019. On April 26, 2016, the company distributed 2.5 million Castle units to its shareholders. On Feb. 27, 2017, the company distributed 2.5 million Castle units to its shareholders.

A follow-up news release will be disseminated setting out the ex dividend date, holder-of-record date and distribution date for the 2.5 million Castle units to be issued to Granada's shareholders on Feb. 27, 2018.

About Granada Gold Mine Inc.

Granada is developing the Granada gold property near Rouyn-Noranda in Quebec. The property includes the former Granada gold mine, which produced more than 50,000 ounces of gold in the 1930s before a fire destroyed the surface buildings.

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