Mr. Mark Brown reports

HIGH GOLD VALUES INTERSECTED ON WATERPUMP ZONE ON RED CLIFF PROJECT WITH 10.41 G/T GOLD OVER 22.87 M IN DDH-2017-MON-40

Mountain Boy Minerals Ltd. has provided the final gold assay results for the 2017 drill program on Waterpump zone at the Red Cliff property. The Red Cliff property is located in the Golden Triangle area of British Columbia, 2.5 kilometres from a paved highway and the power grid.

Exploration during the 2017 field season indicates that the Red Cliff property hosts a large mineralized system that has been traced over two kilometres. Exploration in 2017 has consisted of drilling, mapping, sampling and assaying additional core from the 2007 to 2012 programs. In the 2017 drill program, five holes were completed on the Red Cliff zone, 35 on the Montrose zone and 11 holes on the Waterpump zone. Results for the drilling on Red Cliff and Montrose zones were released on Sept. 27, 2017, Oct. 26, 2017, and Jan. 9, 2018 (see SEDAR for details).

Highlights of the latest gold assays on the Waterpump zone include:

• Intersection of 13.88 grams per tonne gold over 7.5 metres in DDH-17-M0N-37;
• Intersection of 10.41 g/t gold over 22.87 m in DDH-17-M0N-40;
• Intersection of 7.21 g/t gold over 7.16 m in DDH-17-M0N-41.

Drill hole collar locations and elevations for all drilling have been completed by a surveyor. A database with GPS locations for all holes as well as the elevations is presently being established. These data in conjunction with all the drill hole assays will be used to create a new model that shows gold grade shells. In addition all additional assays from previous holes will be entered into the database. The company will also use the existing 2007 to 2012 and 2016 to 2017 data to prepare a preliminary resource calculation for the Montrose zone, including the Waterpump zone.

Drill results are summarized in the attached table for holes on the Waterpump zone.

DDH No.         From (m)     To (m)  Width (m) Gold (g/t)

DDH-MON-36        57.59      59.63       2.04      19.70
DDH-MON-37        69.21      71.19       1.98       2.40
and               73.38      80.85       7.50      13.88
DDH-MON-38        32.62      35.67       3.05       2.64
and               63.11      63.93       0.82       3.41
and               67.68      87.32      14.63       1.97
and               84.45      89.18       4.72       4.18
DDH-MON-40        88.41     116.46      22.87      10.41
DDH-MON-41        67.16      68.29       1.13       3.42
and               84.45      93.60       7.16       7.21
and               97.56      98.78       1.22        3.0
DDH-MON-42        62.50      64.79       2.29       2.97
DDH-MON-43        72.65      73.11       0.46       8.10
DDH-MON-44        83.08      84.45       1.37      10.96
and              105.79     107.07       1.28       2.23
DDH-MON-45       108.23     108.64       0.46       6.06
and              121.04     130.18        9.1       2.50
DDH-MON-46       101.37     102.99       1.62       9.49
and              139.33     142.38       3.05      11.60

These holes were drilled at angles of minus 45 to minus 
70 degrees. Truth widths are not yet determined.

Drilling was off several panels located 25 m and 50 m south of the surface expression of the zone located along the Lydden Creek canyon. Drilling tested above the surface expression of the zones which is located 150 m vertically below the drill pads. Numerous postmineral diabase dikes were intersected within the zone.

The Red Cliff project is held in a joint venture with Decade Resources Ltd. (65 per cent -- Mountain Boy 35 per cent) and the claims are located in the Skeena mining division of British Columbia.

Ed Kruchkowski, PGeo, a qualified person under National Instrument 43-101, is responsible for the contents of this release.

About Mountain Boy Minerals Ltd.

Mountain Boy Minerals is a Canadian based mineral exploration company with a diverse property portfolio within the Stewart region located in the very prolific area of British Columbia's Golden Triangle. It owns 20 per cent of the Silver Coin project, a gold-silver-base metals project that has an NI 43-101-compliant resource estimate. Mountain Boy is also exploring silver-base metals on its American Creek and Bear Valley properties, as well as copper-gold on its Stewart area claims.

We seek Safe Harbor.