Mr. Stephen Balch reports

TAWSHO MINING INC. PROVIDES UPDATE ON DELAY IN FILING OF AUDITED FINANCIAL STATEMENTS PURSUANT TO MANAGEMENT CEASE TRADE ORDER

Further to its news release dated May 15, 2015, Tawsho Mining Inc. has provided its biweekly update on the status of the delay in filing of its annual audited financial statements, its related management discussion and analysis, chief executive officer and chief financial officer certifications, and Ontario Form 13-502F1 relating to the Class 1 reporting issuer participation fee for the year ended Dec. 31, 2014, which were due to be filed by April 30, 2015.

The corporation's chief executive officer and chief financial officer are subject to a permanent management cease trade order issued by the Ontario Securities Commission on May 15, 2015. The permanent management cease trade order will be in effect until the earlier of two full business days following receipt by the OSC of all required filings or further order of the director of the OSC. The corporation confirms that: (i) there is no material change to the information set out in its initial application for a management cease trade order; (ii) it intends to file required filings with the time permitted by the OSC; and (iii) there is no other material information concerning the affairs of the corporation known to management that has not been generally disclosed.

The corporation's auditor is now in the process of the audit work review for the required filings. The corporation anticipates, pursuant to discussions with the auditor, that the annual audited financial statements will be completed on or about June 5, 2015. There are no known outstanding material issues of concern to management that have been communicated by the auditor to management, as of this update period.

The corporation confirms that it intends to satisfy the provisions of the alternative information guidelines described in Section 4.3 and Section 4.4 of National Policy 12-203, Cease Trade Orders for Continuous Disclosure Defaults, for so long as it remains in default of the requirement to file the required filings.