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File: PAL NR 2018 07 12 - Closing of PP.DOC

NOT FOR DISTRIBUTION TO THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES
Parallel Mining Announces Closing of First Tranche of Non-Brokered Private Placement
Vancouver, BC, July 12, 2018 - Parallel Mining Corp. (the "Company") (TSX V: PAL) is pleased to announce that the Comp
--->any has completed a first tranche closing of a non-brokered private placement of 2,751,000 units at a price of $0.05 p
--->er unit for gross proceeds of $137,550.  Each unit consists of one common share and one non transferrable common share
---> purchase warrant, each warrant entitling the holder to acquire one additional common share of the Company at a price 
--->of $0.05 per common share for a period of five years from the date of closing.
The net proceeds will be used for geological exploration and general working capital.  All securities issued pursuant 
--->to the private placement will be subject to a statutory four-month hold period.
The securities offered pursuant to the private placement have not been, and will not be, registered under the United S
--->tates Securities Act of 1933, as amended or any U.S. state securities laws and may not be offered or sold in the Unite
--->d States or to United States persons absent registration or any applicable exemption from the registration requirement
---> of the U.S. Securities Act and applicable U.S. state securities laws.  This news release shall not constitute an offe
--->r to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction 
--->in which such offer, solicitation or sale would be unlawful.
For further information, please contact:
PARALLEL MINING CORP.
John Anderson, President & CEO (604) 218-7400 john@anderson.ag 
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE T
--->SX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.