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File: NR Aintree acquires the Tonopah Gold Project (23 March 2017).pdf

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                             AINTREE RESOURCES INC.
                     Suite 600   666 Burrard Street, Vancouver, B.C
                           Tel: 604 689 9600 Fax: 604 689-9610

FOR IMMEDIATE RELEASE: MARCH 24, 2017

                    Aintree to Acquire Tonopah Gold Project

VANCOUVER, BC   March 24, 2017   Aintree Resources Inc. (TSX-V:AIN.H) (the
"Company" or "Aintree") is pleased to announce that its wholly-owned subsidiary, 0862130
Corp., has entered into an Asset Purchase Agreement with Midway Gold US Inc. ("Midway") to
acquire the Tonopah Project, located near Tonopah, Nevada. Aintree will acquire the project by
assuming certain royalty and environmental obligations and by providing other valuable
considerations, including US$25,000 in cash payments. On June 22nd, 2015, Midway filed a
voluntary petition for relief under chapter 11 of title 11 of the United States Code in the United
States Bankruptcy Court for the District of Colorado (the "Court"). On March 22nd, 2017, the
Court issued an order authorizing the sale of the Tonopah Project by Midway to Aintree free and
clear of liens, claims and interests pursuant to applicable sections of the Bankruptcy Code.

The Tonopah Project is an advanced-stage exploration project located on the prolific Walker
Land Trend of Western Nevada. Historic drilling programs on the Tonopah project have
completed a total of 282,765 feet on drilling in 478 reverse circulation and 146 core holes on the
property. A total of 9 mineralized zones have been broadly outlined. The Tonopah Project
consists largely of fault/fracture hosted mineralization formed near the contact of a Paleozoic
argillite and Tertiary felsic volcanics. Gold mineralization is associated with veins, breccias and
fractures, with lower-grade mineralization spreading vertically and especially laterally into the
surrounding rock. Higher grades appear to project along the same structures.

The Tonopah property consists of 444 unpatented mineral claims, 185 of which are subject to a
royalty interest. The property has been evaluated by past owners at various times for its open
pit potential and at other times for its underground potential due to the presence of high-grade
vein structures as well as lower-grade more disseminated mineralization around the vein
structures. Historical mineral resource estimates have been published with either or both of
these targets in mind. The Tonopah Property was the subject of an independent 43-101
technical report, prepared for Midway by Gustavson Associates, LLC ("Gustavson Associates")
of Lakewood, Colorado, titled "Technical Report on the Midway Project, Nye County, Nevada",
and dated April 1, 2011. That 2011 report is available under Midway's SEDAR profile. No
drilling has been conducted on the property since 2011.

Aintree has also entered into a Royalty Deed Modification and Waiver of Claims Agreement with
underlying royalty holders on the Tonopah Project to waive certain claims by the royalty holders
against Midway, eliminate advance royalty payments, and to restructure an onerous sliding
scale Net Smelter Royalty ("NSR") into a flat 2.0% NSR structure. In exchange, Aintree paid
cash consideration of US$50,000 and 1.50 million shares of the Company.
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The parties to the Asset Purchase Agreement and the Royalty Deed Modification and Waiver of
Claims Agreement are at arm's length to Aintree, and to one another.

The formal completion of the above-described transactions remains subject to customary
regulatory approvals, including the acceptance of the NEX Exchange, and the consideration
shares will be subject to customary hold periods.

The Company intends to consolidate all available information on the property and has engaged
Gustavson Associates to prepare an updated NI 43-101 compliant technical report to evaluate
that information, and to provide guidance on a forward-looking work program.

Technical information in this release has been reviewed and approved by Mr. Donald E. Hulse
(P.E.), Principal Mining Engineer of Gustavson, and a "qualified person" as that term is defined
in NI 43-101. Mr. Hulse was one of four authors of the 2011 Technical Report.


On Behalf of the Board of Directors,
Aintree Resources Inc.

"Gary MacDonald"

Gary MacDonald
Director and CEO
Tel: 604 689 9600

Forward-looking Statement Cautions:

This press release contains certain "forward-looking statements," within the meaning of Canadian
securities legislation relating to the contemplated acquisition, and future exploration and development, of
the Tonopah Project, and the completion of an updated NI 43-101 compliant technical report. They are
based on the beliefs, estimates and opinions of the Company's management on the date the statements
are made, and they involve a number of risks and uncertainties. Consequently, there can be no
assurances that such statements will prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements. The Company undertakes no obligation to
update these forward-looking statements, if management's beliefs, estimates or opinions, or other fac tors,
should change, unless required by law or securities exchange policies. Factors that could cause future
results to differ materially from those anticipated in these forward-looking statements include: the
Company's need for and ability to obtain addit ional financing; the possibility that the Company may not be
able to secure permitting and other governmental clearances necessary to carry out the Company's
exploration and development programs; and the other risk factors associated with mineral exploration and
development, including those discussed in greater detail in the Company's various filings on SEDAR
(www.sedar.com) with Canadian securities regulators.
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  Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
  policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
                                            release.



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