Mr. Richard Williams reports

STRONGBOW SHARE ISSUANCE FOR SOUTH CROFTY

Pursuant to the share purchase agreement announced March 17, 2016, regarding the acquisition of the South Crofty tin project, Strongbow Exploration Inc. has issued a total of 8,456,664 common shares (equivalent to $2-million) to Galena Special Situations Master Fund Ltd. and Tin Shield Production Inc. Galena received 4,439,749 shares and Tin Shield received 4,016,915 shares.

Under the terms of the share purchase agreement, the company was required to make a payment of $2-million, in cash or shares at Strongbow's election, to Galena/Tin Shield on or before the second-anniversary company voluntary arrangement date. The company voluntary arrangement date was June 10, 2016.

About South Crofty

South Crofty is an iconic former-producing copper and tin mine located in the towns of Camborne and Pool in Cornwall, England. The first documented production history from South Crofty dates back to 1592, and it was the last tin mine to close in Cornwall in 1998.

Strongbow published a National Instrument 43-101 mineral resource estimate on the project on April 19, 2016, and published an NI 43-101 preliminary economic assessment on the project on Feb. 16, 2017.

The project received an underground permission (mining licence) in 2013, which is valid until 2071, and planning permission to construct a new process plant in 2011. In October, 2017, Strongbow was successful in securing a water discharge permit, allowing for the dewatering of the now-flooded mine workings. In January, 2018, the company completed the sale of a 1.5-per-cent net smelter return royalty to its largest shareholder, Osisko Gold Royalties, for $7,170,000. These proceeds are being used to construct a water treatment plant in order to commence dewatering the mine.