Mr. Darrell Rader reports

MINAURUM EXTENDS KEY MINING PERMIT AT ALAMOS SILVER PROJECT

The Mexican Federal Environmental Authority (SEMARNAT) has extended the environmental impact statement (MIA) for the development of Minaurum's 100-per-cent-owned, fully production permitted Alamos silver project in the state of Sonora, Mexico. The extension allows surface exploration and mining production activities, including the construction of drill pads, clean-up of pre-existing roads, and the rehabilitation and reactivation of historical underground mine workings.

"With the extension of the MIA, Alamos becomes the only recent silver discovery in Mexico that is fully permitted through construction," stated Darrell Rader, president and chief executive officer. "It is a testament to our Mexican partners' foresight that the mining permit was secured during the project's inception, and puts us in a highly advantageous position as we continue to define silver resources. Given the current permitting environment in Mexico, securing these permits adds considerable value to Alamos by significantly derisking the path forward to production."

MIA mine permit details:

• Long-term validity: Alamos's mining permit was granted on Dec. 13, 2013, and is valid for a period of 30 years starting on the date of the notice of commencement of Minaurum's exploration activities to SEMARNAT, the National Commission for Protection of Natural Areas (CONANP) and the Federal Attorney for Environmental Protection (PROFEPA), which occurred on Oct. 18, 2016.
• Phased exploration, exploitation and production activities: The permit consists of two phases. Phase 1, originally scheduled for five years and extended until Aug. 10, 2025, includes surface exploration, the reactivation of historical mines, the temporary storage of mineralized material and equipment outside of mine entrances, and the transportation of mineralized material to a stockpile area. Phase 2 will consist of a mine production plan to be developed and submitted to SEMARNAT before the end of the extended phase 1 period. Minaurum controls 15 mining concessions covering the core 5,976 hectares and an additional 31,952 hectares that lie to the west and south of the core area.
• Standard use requirements: A small portion of Alamos project lies inside the Sierra de Alamos-Rio Cuchujaqui Flora and Fauna Protection Area (ANPFF), which is administered by CONANP. The SEMARNAT mining permit applies within the area, with certain additional conditions and restrictions. Mineralized material may be mined but only stockpiled temporarily on land within the ANPFF and then must be processed outside of the ANPFF boundaries. Non-temporary equipment maintenance, service and supply facilities must also be located outside of the ANPFF boundaries.
• Environmental studies: Plant and animal species must be monitored. Minaurum has submitted reports on monitoring of flora and fauna in compliance with the requirements of the protected area. Minaurum has conducted baseline studies on bat populations in relation to exploration activities concluding that there should be no material impact from future mining activities, see the company's website for a video.
• No material impact from current Mexican mining reform: Minaurum believes that there will be no material impact going forward on the status and validity of the issued original MIA and extension.

Minaurum will continue to work with SEMARNAT on its ongoing activities at the Alamos silver project and will provide updates accordingly.

About Minaurum Gold Inc.

Minaurum is a Mexico-focused explorer concentrating on the high-grade Alamos silver project in southern Sonora. With a property portfolio encompassing multiple additional district-scale projects, Minaurum is managed by one of the strongest technical and finance teams in Mexico. Minaurum's goal is to continue its founders' legacy of creating shareholder value by making district-scale mineral discoveries and executing accretive mining transactions.

We seek Safe Harbor.