Mr. Cameron King reports

VANGOLD MINING PROVIDES UPDATE ON INTERMONT RESOURCES ACQUISITION AND CLARIFIES TRADING HALT

Vangold Mining Corp. is now working to complete the definitive agreement to close its acquisition for a 100-per-cent ownership interest in Intermont Resources LLC's Nevada mining claims. Further to the details of the letter of intent disclosed in the company's news release dated Aug. 27, 2018, Vangold Mining and the transaction are subject to the customary conditions of similar transactions with the TSX Venture Exchange.

Other project developments relate to Vangold Mining's El Pinguico phase 2 drilling plans. Recent efforts have been made to expedite the drilling permit by submitting requests to break out the drilling portion of the MIA (environmental permit) as a stand-alone submission. Once the drilling permit is granted, Vangold Mining will be in a position to continue with the planned drill targets.

Further to the temporary trading suspension of its shares on Oct. 22, 2018, Vangold Mining wishes to clarify the status of deficiency in maintaining the account of its transfer agent, Computershare Investor Services Inc., that went unpaid due to an internal miscommunication. Vangold Mining immediately corrected this issue with its transfer agent and has now changed its procedures to prevent a recurrence in future.

Trading is expected to resume in normal course upon dissemination of this news release.

About Vangold Mining Corp.

Vangold Mining is a Canadian-based precious metal mining company whose goal is to acquire significant exploration opportunities supported by a defined set of geological principals. The company has a diverse range of quality projects in Mexico and is now expanding with a massive land package in Nevada. Vangold Mining will continue to expand its portfolio with near-production opportunities that bring value to shareholders by providing longer-term exploration upside and mineral resource growth potential.

We seek Safe Harbor.