Mr. John Burzynski reports

OBAN INTERSECTS 19.0 G/T AU OVER 3.0 METRES AT WINDFALL

Oban Mining Corp. has released results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in Urban Barry township, Quebec. The 55,000-metre drill program combines definition drilling above the Red Dog intrusion and expansion drilling above and below Red Dog.

Highlights from five new drill holes include: 7.71 grams per tonne gold over 6.9 metres in the extension of DDH EAG-11-269; 19.00 g/t Au over three metres in DDH OBM-16-583; 8.43 g/t Au over 4.6 metres, including 230.0 g/t Au over 0.3 metre; 5.17 g/t Au over 2.2 metres in DDH OBM-16-593; and 12.85 g/t Au over 4.2 metres in DDH OBM-16-600. The table outlines significant results from the new drill holes.

             WINDFALL LAKE DRILL RESULTS

Hole                   From     To  Interval     Au
                         (m)    (m)       (m)  (g/t)

EAG-11-269 ext.       737.1  744.0       6.9   7.71
including             739.7  740.7       1.0  42.10
OBM-16-583            774.0  777.0       3.0  19.00
including             776.0  777.0       1.0  55.00
OBM-16-593             46.4   48.6       2.2   5.17
                       53.0   57.6       4.6   8.43
including              55.3   55.6       0.3  230.0
OBM-16-595             63.0   65.5       2.5   4.08
OBM-16-600            166.6  170.8       4.2  12.85
including             166.6  167.7       1.1  18.85
and                   169.7  170.8       1.1  23.50
                      178.5  182.0       3.5   3.36

(1) For complete drilling results please see the
company's website.
(2) True widths are estimated at 65 to 80 per cent 
of the reported core length interval.

Drilling above Red Dog is focused on expanding the known zones and upgrading the level of confidence in the mineral resource. Drilling below Red Dog is focused on testing three major corridors of mineralization and alteration (FW-1, FW-3, FW-4) oriented east-northeast and dipping steeply to the southeast, similar to the known lenses of the Main zone defined above Red Dog. Some of the deeper holes are designed to test gold mineralization both above Red Dog, and the corridors of mineralization and alteration below Red Dog.

EAG-12-269 (Section 2575) was extended from 567.2 metres to 997.3 metres to test the FW3 and FW4 lenses below the Red Dog intrusion. The FW3 lens returned 7.71 g/t Au over 6.9 metres in a zone carrying up to 15 per cent pyrite and visible gold in a strongly silicified andesite. This new intercept is located between 9.96 g/t Au over 5.8 metres in EAG-11-289 (39 metres downplunge) and 7.96 g/t Au over 2.1 metres in EAG-13-511 (117 metres upplunge). This higher-grade sector remains open upplunge where another historical drill hole is currently being extended.

OBM-16-583 (Section 1700) targeted the southwest extension of the FW3 lens below the Red Dog intrusion. The FW3 lens was intersected from 689.0 metres to 705.0 metres in a strongly altered porphyry dike with 2 to 5 per cent pyrite but did not return any significant results. OBM-16-583 intersected a zone of quartz veining at the contact between a gabbro dike and a rhyolite assaying 19.0 g/t Au over three m.

OBM-16-593 (Section 2850) targeted the eastern extension of the Main zone in an area characterized by high-grade crustiform quartz veins. The drill hole intersected two crustiform veins surrounded by silicified and pyritized rhyolite that assayed 5.17 g/t Au over 2.2 metres and 8.43 g/t Au over 4.6 metres, including 230.0 g/t Au over 0.3 metre. The higher-grade vein expands by 10 metres downdip (from 21.43 g/t Au over 1.82 metres in NOT-07-146), a known vein that extends for 100 metres along strike and 50 metres vertically.

OBM-16-595 (Section 2950) was targeting the east-northeast of the modelled Caribou corridor. This drill hole intersected shallow mineralization with 4.08 g/t Au over 2.5 metres in a weakly altered rhyolite containing 2 to 3 per cent pyrite in stringers.

OBM-16-600 (Section 2150) targeted zone 27 at 120 metres below surface in a relatively untested sector where low-grade gold mineralization was interpreted. This drill hole intersected zone 27 and returned 12.85 g/t Au over 4.2 metres, including 18.85 g/t Au over 1.1 metres and 23.50 g/t Au over 1.1 metres at the mineralized contact between a gabbro dike and a rhyolite unit. This was followed by 3.36 g/t Au over 3.5 metres in a strongly silicified porphyry dike containing 5 per cent pyrite in stringers.

Holes OBM-16-589, OBM-16-591, OBM-16-592 and OBM-16-594 were designed to test shallow mineralization in the east-northeast extension of the Main zone. Several gold-bearing intervals associated with crustiform quartz veining were intersected, including 2.31 g/t Au and 31.17 g/t Ag over 0.9 metre in OBM-16-584, 8.68 g/t Au over 0.4 metre in OBM-16-591 and nine g/t Au over 1.5 metres in OBM-16-594. Drill hole OBM-16-592 did not intersect any significant mineralization. Drill holes OBM-16-590, OBM-16-597 and OBM-16-599 were drilled in the western extension of the Main zone. OBM-16-599 intersected the extension of zone 27 with 2.11 g/t gold over 5.6 metres, whereas the other two drill holes did not return any significant results. Drill hole OBM-16-596 was abandoned due to technical difficulties.

Qualified person

The scientific and technical content of this press release has been reviewed by Gernot Wober, PGeo, vice-president of exploration for Oban Mining, qualified person as defined by National Instrument 43-101.

Quality control

True widths are estimated at 65 to 80 per cent of the reported core length intervals. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum individual assays of three g/t Au and minimum weighted averages of three g/t Au diluted over core lengths of at least two metres. All NQ core assays reported were obtained by either one kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at ALS Laboratories in Val d'Or, Que., or Sudbury, Ont. The one-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. All samples are also analyzed for multielements, including silver, using an aqua regia ICP-AES method at ALS laboratories. Drill program design, quality assurance/quality control and interpretation of results are performed by qualified persons employing a QA/QC program consistent with National Instrument 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the corporation as well as the lab. Approximately 5 per cent of sample pulps is sent to secondary laboratories for check assay.

About the Windfall Lake gold deposit

The Windfall Lake gold deposit is located between Val d'Or and Chibougamau in the Abitibi region of Quebec, Canada. The current mineral resource comprises 2,762,000 tonnes at 8.42 g/t Au (748,000 ounces) in the indicated category and 3,512,000 tonnes at 7.62 g/t Au (860,000 ounces) in the inferred category (NI 43-101-compliant report dated Nov. 13, 2014). The Windfall Lake gold deposit is currently one of the highest-grade resource-stage gold projects in Canada. The bulk of the mineralization occurs in the Main zone, a southwest/northeast-trending zone of stacked mineralized lenses, measuring approximately 600 metres wide and at least 1,400 metres long. The deposit is well defined from surface to a depth of 500 metres, and remains open along strike and at depth. Mineralization has been identified only 30 metres from surface in some areas and as deep as 870 metres in others, with significant potential to extend mineralization upplunge and downplunge, and at depth.

We seek Safe Harbor.