Mr. Dick Whittington reports

NORTHERN VERTEX AND PATRIOT GOLD COMPLETE CONSOLIDATION OF OWNERSHIP OF THE MOSS MINE

Northern Vertex Mining Corp. and Patriot Gold Corp. have completed the previously announced (May 12, 2016) agreement, whereby Northern Vertex would purchase Patriot Gold's remaining 30-per-cent working interest in the Moss gold/silver mine for $1.5-million, plus the retention by Patriot of a 3-per-cent net smelter return royalty. The consideration of $1.2-million in cash and $300,000 in Northern Vertex common shares valued at 35 cents (857,140 shares) has been paid, and the transaction is now complete.

Northern Vertex's chief executive officer, Dick Whittington, commented: "It is gratifying to have this acquisition behind us. Owning 100 per cent of the Moss mine property has favourably impacted our project financing efforts as demonstrated by the recently announced $7.5-million convertible debenture private placement (see May 25 news release). The economics of the Moss mine project are compelling. In addition, 200,000 measured and indicated resource ounces are available for mine life extension studies, and propertywide exploration potential is high. We are excited by the opportunities this affords us and look forward to transitioning Northern Vertex from a development company to a production company."

Patriot Gold's president, Bob Coale, said: "This is an important and positive milestone for the shareholders of Patriot and Northern Vertex and also the people of Bullhead City. The Moss mine is a tremendous project which is now well positioned to proceed to commercial production. The teams at Patriot and Northern Vertex have worked very hard to bring the project this far, and we are encouraged that there is now a clear pathway forward for the Moss mine which aligns our interests. Patriot's royalty in the Moss mine helps advance our core mission of acquiring and developing precious metals deposits in Arizona and Nevada."

Qualified person

The foregoing technical information contained in this news release has been approved by L.J. Bardswich, PEng, general manager, Moss project, and a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

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