Mr. Ross McElroy reports

IRONSIDE RESOURCES ANNOUNCES VOTING RESULTS FROM ANNUAL MEETING OF SHAREHOLDERS

At Ironside Resources Inc.'s annual general special meeting held on June 11, 2018, Devinder Randhawa and David Ward were re-elected as directors and Ross McElroy was elected as a director of the company. Mr. Randhawa is continuing as chief executive officer. Disinterested shareholders approved the company's previously announced private placement and the resulting share issuance to Mr. Randhawa, the company's chief executive officer, as set out in the company's information circular dated May 7, 2018, as well as the creation of a control block of shares and the deemed change of effective control of the company.

The company is currently undertaking a private placement financing of $1-million at eight cents per unit. Each unit will consist of one common share plus one common share purchase warrant, with each warrant exercisable to purchase a common share at a price of at 11 cents. A finder's fee of 7 per cent payable in cash or shares may be paid upon closing. Proceeds of the financing will be used for general and administrative purpose and to advance the Watts Lake property.

The company has filed on its SEDAR profile a National Instrument 43-101, Standards of Disclosure for Mineral Projects, technical report titled "Technical Report on the Watts Lake Property, La Ronge Mining District, Saskatchewan, Canada." The report is dated with an effective date of Dec. 29, 2017.

Watts Lake property summary

Ironside has entered into a letter of intent with Edge Geological Consulting Inc. to acquire a 100-per-cent interest in the Watts Lake property (see news release dated Oct. 27, 2017). The 13,248-hectare property is located approximately 65 kilometres north-northeast of the town of La Ronge, Sask., and 20 kilometres northwest of the village of Missinipe, Sask. Geologically, the property is situated on the eastern margin of the Crew Lake belt of the La Ronge domain and covers several bedrock-hosted electromagnetic conductive trends, including the entire approximately 14 kilometres of strike length of the Borys Lake conductive trend that hosts the historical Borys Lake lead-zinc VMS (volcanogenic massive sulphide) deposit, as well as numerous mineralized occurrences of zinc, copper and silver, in addition to anomalous gold, nickel and cobalt as identified in drill holes, surface trenches and outcrop samples along strike and on parallel conductive trends. All four known drill-identified mineralized zones of the near-surface Borys Lake deposit occur on the Watts Lake property over approximately 4.5 kilometres along the Bory's Lake conductive trend: the Mac, Main, Will A/B and Can zones.

Watts Lake property highlights:

• Historical Borys Lake lead-zinc deposit: The Borys Lake corridor is anchored by the shallow depth historical Borys Lake lead-zinc VMS deposit, including all four known drill hole delineated zones: the Mac, Main, Will A/Will B and Sam zones. The Main zone was interpreted to have an approximate strike length of 975 metres and widths varying from 5.3 metres to 19.5 metres. Using a cut-off vertical depth of 30 metres, the deposit was calculated to contain 1,336,500 tons grading 1.91 per cent combined zinc and lead (the zinc-to-lead ratio is approximately 10:1). The historical tonnage and grade estimate was calculated by Husky Oil Operations Ltd. using 10 holes drilled on the Main zone of the deposit in 1972. Mineralization is open along strike and at depth.
• Large land package in well-established geological setting: Watts Lake is a large contiguous land package consisting of 13,248 hectares in the established, deposit-endowed La Ronge domain of Saskatchewan. The project is strategically located near important infrastructure, including within 20 kilometres of major provincial highway network.
• Strong blue-sky potential: The Watts Lake project area covers multiple, parallel basement conductive corridors, identified by a 2008 airborne versatile time-domain electromagnetic (VTEM) geophysical survey, including the entire approximately 14-kilometre-long Borys Lake conductive corridor as well as significant portions of parallel corridors. The conductive corridors have numerous drill intersected and surface identified mineralized occurrences of zinc, copper and silver, as well as anomalous gold, nickel and cobalt. The project has seen limited historical work and has not been drill tested since 1972.
• Underexplored: Most of the property has not been explored using modern exploration techniques and equipment.
• World-class jurisdiction: Saskatchewan is ranked the No. 1 mining investment jurisdiction by the Fraser Institute.
• Strong market fundamentals: Zinc demand and prices are at a 10-year high and supply is at a 10-year low.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed on behalf of Ironside Resources by Ross McElroy, PGeol, director, a qualified person.

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