Mr. Tyler Rice reports

MARGAUX RESOURCES ANNOUNCES WITHDRAWAL OF LETTER OF INTENT REGARDING THE JERSEY EMERALD PROPERTY

Further to the press release of Feb. 16, 2016, the partner Margaux Resources Ltd. was in discussions with in respect of the corporation's Jersey Emerald property has withdrawn from the letter of intent with Margaux and will not be proceeding with either phase of the development of the property. As a result, the corporation will not be responsible for paying any portion of the finder's fee it had agreed to with respect to the engagement of the partner.

Margaux expects to continue its efforts to further develop the Jersey Emerald property and plans to follow up on the recently announced April 12, 2016, lead and zinc results.

We seek Safe Harbor.