Mr. Saf Dhillon reports

QUESTCORP MINING ANNOUNCES PRIVATE PLACEMENT

Questcorp Mining Inc. will offer up to 10 million units by way of non-brokered private placement at a price of 20 cents per unit for gross proceeds of up to $2-million. Each unit will consist of one common share of the company and one-half of one share purchase warrant. Each warrant will entitle the holder to acquire an additional common share of the company at a price of 30 cents for a period of 36 months following closing of the offering, provided that holders will not be permitted to exercise warrants until 60 days following closing of the offering.

The company expects to utilize the proceeds of the offering for exploration work at the company's La Union gold and silver project, and North Island copper project, and for general working capital purposes.

The units to be issued under the offering will be offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions, as amended by CSA Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, in all provinces of Canada, except Quebec, and other qualifying jurisdictions, including the United States. The units offered under the listed issuer financing exemption will be immediately free-trading under applicable Canadian securities laws.

There is an offering document related to this offering that can be accessed under the company's profile on SEDAR+ and at the company's website. Prospective investors should read this offering document before making an investment decision.

In connection with completion of the offering, the company may pay finders' fees to eligible third parties who have introduced subscribers to the offering. Completion of the offering remains subject to receipt of regulatory approvals.

About Questcorp Mining Inc.

Questcorp Mining is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The company holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 1,168.09 hectares comprising the North Island copper property, on Vancouver Island in British Columbia, subject to a royalty obligation. The company also holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 2,520.2 hectares comprising the La Union project, located in Sonora, Mexico, subject to a royalty obligation.

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