Mr. Timothy Beale reports

REVELO ANNOUNCES RE-ACQUISITION OF VICTORIA SUR AND REPORTS HISTORIC EXPLORATION RESULTS AT NUEVE VIDAS INCLUDING 8M at 10.5G/T AU plus 29G/T AG

Revelo Resources Corp. has signed definitive documentation to recover the Victoria Sur project area in northern Chile, totalling 6,600 hectares, under an agreement with a subsidiary of Hochschild Mining PLC in return for the awarding of a 1-per-cent net smelter return royalty interest to Hochschild, as previously announced (see news releases dated June 6, 2017, and Sept. 5, 2017).

The key target at Victoria Sur is Nueve Vidas, which was subject to historic trenching and drilling by previous workers in the 1990s, and more recently drilling by Hochschild under a now-expired joint venture agreement with Revelo in 2010 to 2011.

This previous work defined two principal styles of mineralization and was reported previously by Revelo (see news release dated March 4, 2011, and Sept. 3, 2010, on SEDAR):

• Lower-grade, potentially bulk-tonnage, porphyry-gold style mineralization;
• Crosscutting, high-grade and sulphide rich, gold-silver-base metals structures typically one m to up to 12 m wide.

Highlights from previous drilling on the high-grade structural style of mineralization by Hochschild in 2010 and 2011 include:

• Eight m at 10.5 grams per tonne gold plus 29 g/t silver in hole VCNRC-10-004 (from 197 m);
• Including two m at 28.55 g/t Au plus 69.5 g/t Ag;
• One m at 6.38 g/t Au plus 53.2 g/t Ag in hole VCNRC-10-016 (from 74 m);
• Four m at 8.94 g/t Au plus 38.8 g/t Ag in hole VCNRC-10-021 (from 240 m).

Highlights from previous drilling on the lower-grade, bulk-tonnage porphyry style of mineralization by Hochschild in 2010 and 2011 include:

• 22 m at 0.85 g/t Au plus 0.39 g/t Ag in hole VCNRC-10-017 (from 42 m);
• 72 m at 0.40 g/t Au plus 0.13 g/t Ag in hole VCNRC-10-021 (from 98 m);
• Including 16 m at 0.72 g/t Au plus 0.20 g/t Ag (from 98 m).

About the Nueve Vidas target

Nueve Vidas comprises a medium-grained porphyritic diorite, hosting veinlet and disseminated magnetite with chlorite and epidote, exposed in trenches and minor outcrops, located immediately southwest of a large colour anomaly known as Cenizas. Trenching and drilling in and around Nueve Vidas have also identified tonalite, monzonite and granodiorite intrusive phases that have been collectively referred to as the Nueve Vidas intrusive complex (NVIC). The magnetite-rich diorite porphyry coincides with a strong, circular magnetic high feature approximately 1.2 kilometres in diameter, which may define the outer limits of the intrusive complex. Trenching and drilling indicate that the NVIC is cut by a series of narrow (apparently), northwest-trending, iron oxide and jarosite-stained, clay-filled fault/gouge zones at surface that appear to correlate with sulphide-rich structures in drill holes at depth.

Previous exploration work at Nueve Vidas includes trenching, shallow RAB drilling and two shallow, inclined reverse circulation holes by RTZ in the early 1990s; colluvial and enzyme leach surveys by Fremont Gold in the late 1990s; and shallow, inclined RC drilling over a 200 m area by El Dorado Resources in 1999 (1,162 m in nine RC holes). Hochschild, under a now-expired joint venture agreement with Revelo in 2010 and 2011, completed a total of 3,435 m of RC drilling in 10 holes at Nueve Vidas.

The two principal mineralization styles are evident in the historic surface trenches and in historic drilling (note: only Hochschild drill chips are available for inspection and relogging):

• Higher-grade, crosscutting, structurally controlled gold (plus Ag plus or minus Zn plus or minus Cu) within sulphide-rich breccia/fault zones, typified by historic intercepts such as:
  • Four m at 6.69 g/t Au plus 22.6 g/t Ag (plus 0.11 per cent Cu) in RTZ trench TR27;
  • Eight m at 10.5 g/t Au plus 29 g/t Ag (including two m at 28.55 g/t Au plus 69.5 g/t Ag) in Hochschild drill hole VCNRC10-004;
  • Four m at 8.94 g/t Au plus 38.8 g/t Ag (with highly anomalous Cu and Zn) in Hochschild drill hole VCNRC-10-021.
• Lower-grade, disseminated gold within the altered dioritic porphyry, typified by historic intercepts such as:
  • 90 m at 0.59 g/t Au in RTZ trench TR20;
  • 24 m at 0.83 g/t Au in El Dorado RC hole RC99-01;
  • 19 m at 1.03 g/t Au in El Dorado RC hole RC99-03;
  • Eight m at 1.09 g/t Au in El Dorado RC hole RC99-10;
  • 22 m at 0.85 g/t Au in Hochschild RC hole VCNRC-10-017;
  • 72 m at 0.40 g/t Au in Hochschild RC hole VCNRC-10-021;
  • Including 16 m at 0.72 g/t Au;
  • Including 10 m at 0.50 g/t Au.

The more disseminated style of mineralization is related to hydrothermal magnetite flooding and is accompanied by magnetite, chlorite and epidote as veinlets and disseminations, as observed in RC chips. Nueve Vidas appears to display many of the characteristics of an intermediate composition porphyry Au (plus or minus Cu) system, crosscut by later, northwest-trending structures that are the focus of higher-grade gold and silver mineralization, and which have more of an epithermal geochemical signature.

The main target is probably related to a potassic-altered, early-mineral to intermineral diorite porphyry, which if it exists, may contain more consistent grades greater than one g/t Au. The crosscutting structures would act as sweeteners within such a disseminated deposit or may represent valid targets in their own right.

Quality assurance/quality control

Hochschild samples were collected in accordance with accepted industry standards and best practices. Samples were submitted to ACME Laboratories and ALS Chemex in Santiago and La Serena for preparation and analysis. Hochschild conducted routine quality assurance and quality control analysis on all assay results, including the systematic utilization of certified reference materials, blanks and field duplicates.

Historic results from work carried out by RTZ (now Rio Tinto) and El Dorado Resources, and quoted in this news release, are not able to be verified by Revelo with proper QA/QC controls, and consequently must be treated with caution, and the reader should place no undue reliance on these results.

About the Victoria Sur project

Victoria Sur is situated along the mid-Tertiary Domeyko Cordillera porphyry copper belt in northern Chile, which is host to some of the world's largest copper deposits and mines. Apart from the principal Nueve Vidas target described above, Victoria Sur is also host to a large, advanced argillic-altered lithocap at Cenizas, that is crosscut by a series of mineralized structures that have been the subject of historic drill testing by RTZ and Hochschild, and is also host to a low-sulphidation, epithermal vein at Victoria that was mined historically. These other targets will be more fully evaluated in due course. Hochschild is the beneficiary of an uncapped 1-per-cent net smelter return royalty on any future production from Victoria Sur.

Victoria Sur is contiguous with the approximately 38,000-hectare Victoria property to the north that is owned by Hochschild and which has potential for porphyry copper and precious metals targets. Revelo is the beneficiary of an uncapped 2-per-cent NSR royalty on any future production from the Victoria property.

Please visit the Victoria Sur project page on Revelo's website for further information.

About Revelo Resources Corp.

Revelo has consolidated an outstanding portfolio of 25 projects prospective for copper, gold and silver located along proven mineral belts in one of the world's top mining jurisdictions -- Chile. Revelo's total exposure to mineral tenements in northern Chile is around 300,000 hectares.

Dr. Demetrius Pohl, PhD, certified professional geoscientist (CPG), an independent consultant, is the company's qualified person for the purposes of National Instrument 43-101 and has approved the written disclosure of the technical information contained in this news release.

We seek Safe Harbor.