Mr. Jean-Francois Perras reports

MPV EXPLORATION INTERSECTS 9.1 M OF MASSIVE SULPHIDES GRADING 2,2 % CU; 4,05 % ZN; 1,74 G/T AU AND 62,41 G/T AG ON ITS UMEX PROPERTY

M.P.V. Explorations Inc. has released the results of its first diamond drilling campaign on its UMEX property, which was completed in June, 2018.

Highlights:

• UMX-18-07 -- 9.10 metres at 2.20 per cent copper, 4.05 per cent zinc, 1.74 grams per tonne gold, 62.41 grams per tonne silver;
• UMX-18-06 -- 4.75 metres at 1.93 per cent copper, 3,93 per cent zinc, 0.97 gram per tonne gold, 47.67 grams per tonne silver;
• UMX-18-09 -- 4.55 metres at 1.02 per cent copper, 1.19 per cent zinc, 0.5 gram per tonne gold, 18.09 grams per tonne silver.

This drilling program is aimed to confirm the historical grades of Cu-Zn-Au-Ag obtained by Union Miniere Exploration in 1969 and Soquem at the beginning of the 1970s.

Nine diamond drilling holes were drilled for a total of 1,200 metres during the June, 2018, program. The results of UMX-18-05 to UMX-18-09 intersected a lens of massive sulphides over 0.95 metre to 9.1 metres. This VMS (volcanogenic massive sulphide) lens is essentially composed of pyrite, pyrrhotite with 1 per cent to 15 per cent of chalcopyrite, 1 per cent to 20 per cent sphalerite and 1 per cent galena. The results of UMX-18-01 to UMX-18-04 were not significant, but allowed the drilling team to gather the technical information necessary to direct the subsequent drill holes and localize the lens more precisely. The company needs to recall that the original discovery of this lens dates back to the early 1970s, with only historical local grid map co-ordinates as geographical markers without any GPS (global positioning system).

Results from drill holes with significant results are provided in the attached table.

                                      
Hole           From (m)    To (m)    Length (m)                                            Composite
                                     
UMX-18-05       123.60    126.00          2.40       1.12 % Cu, 2.87 % Zn, 1.02 g/t Au, 44.00 g/t Ag  
including       124.05    125.70          1.65       1.52 % Cu, 4.16 % Zn, 1.41 g/t Au, 62.35 g/t Ag
UMX-18-06       144.45    149.20          4.75       1.93 % Cu, 3.93 % Zn, 0.97 g/t Au, 47.67 g/t Ag
including       144.95    148.70          3.75       2.36 % Cu, 4.54 % Zn, 1.16 g/t Au, 58.28 g/t Ag
UMX-18-07        44.30     53.40          9.10       2.20 % Cu, 4.05 % Zn, 1.74 g/t Au, 62.41 g/t Ag 
including        48.75     51.40          2.65       3.66 % Cu, 5.15 % Zn, 3.28 g/t Au, 76.73 g/t Ag
UMX-18-08        41.40     42.35          0.95       1.06 % Cu, 6.95 % Zn, 0.38 g/t Au, 63.99 g/t Ag
UMX-18-09       152.40    156.95          4.55       1.02 % Cu, 1.19 % Zn, 0.50 g/t Au, 18.09 g/t Ag 
including       155.00    156.50          1.50       2.61 % Cu, 2.74 % Zn, 1.15 g/t Au, 48.36 g/t Ag

During the drilling campaign, the VMS lens was laterally intersected over 140 metres and vertically intersected over 125 metres. The conductive anomaly of Max-Min type, which coincides with the lens, measures almost 900 metres long.

After the drilling campaign, a borehole electromagnetic geophysical survey was conducted, showing possible extensions oriented both east-west, and is still open at depth.

Jean-Francois Perras, president and chief executive officer of M.P.V. Explorations, commented: "The results of this program of preliminary drilling were beyond our expectations. It was very important for us to precisely locate the historical UMEX discovery and replicate the previous results. Based on this initial success, we can now plan the following phases of our exploration program and expand our outlook to the rest of the property."

Quality assurance/quality control

The diamond drilling campaign was planned and supervised by Laurentia Exploration, a company of independent consulting in mining exploration based in Saguenay-Lac-St-Jean, including the description and sampling of the surveys. Core samples were sawed in two. The first half was put in a bag, which was numbered and sealed. The second half was kept for future reference in a secure, enclosed, padlocked and filmed facility.

The protocol quality assurance/quality control contained the incorporation of standards (two types were used) and of a blank for every lot of 25 samples sent to the laboratory. All the samples were sent at ALS Minerals in Val D'Or, Que. The preparation was made in its laboratory of Sudbury, Ont., whereas analyses were completed in the laboratory of Vancouver, B.C. All the samples were analyzed with the method ME-ICP41 (aqua regia ICP-EAS 35 elements). Samples presenting contents greater than 1 per cent Cu-Zn and greater than 100 parts per million Ag was reanalyzed with the method OG46 (aqua regia). Gold grades were established by the method Au-AA23, pyro-analysis with a finish of atomic absorption.

Qualified person

The technical content of this news release has been reviewed, prepared and approved by Hugues Guerin-Tremblay, PGeo (OGQ No. 1584). He is a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Guerin-Tremblay is independent of the company and is declaring that the historical estimate uses terminology which does not conform to current NI 43-101 standards. The qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Although the historical estimates are believed to be based on reasonable assumptions, they were calculated prior to the implementation of NI 43-101.

About M.P.V. Explorations Inc.

M.P.V. Explorations is a mineral exploration company focused on base metals projects in the Chibougamau region of Northern Quebec. Its main asset is the UMEX copper-zinc project, which is located approximately 50 kilometres west of the town of Chapais on traditional Eeyou Istchee territory and covers a total 4,000 hectares over a lateral length of 16.8 kilometres. Documented mineralization on the UMEX property consist of volcanic massive sulphides within the Abitibi greenstone belt, which is known for its numerous precious metals and polymetallic deposits.

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