Mr. Dan Stuart reports

JUGGERNAUT ARRANGES $1,650,000 FUNDING

Juggernaut Exploration Ltd. has arranged a non-brokered private placement for gross proceeds totalling $1.65-million. The offering has strong support from both institutions and accredited investors alike in both the Americas and Europe. Upon closing, Juggernaut Exploration will be firmly positioned to meet its 2019 exploration commitments on the Empire, Midas, DSM and J2 projects.

The proposed financing is scheduled to close on Friday, Nov. 30, 2018. The offering will consist of flow-through units at a price of 18 cents and non-flow-through units at the price of 16 cents. Each flow-through unit comprises one common share, which is a flow-through share for Canadian income tax purposes, and one-half share purchase warrant. Two 36-cent one-half warrants will entitle the holder to purchase one additional common share, which is not a flow-through share, at the price of 36 cents for 24 months after closing. Each non-flow-through unit comprises one common share, which is not a flow-through share, and one share purchase warrant. Each 32-cent warrant will entitle the holder to purchase one additional common share, which is not a flow-through share, at a price of 32 cents for a period of 36 months after closing. If, at any time after four months after the date of completion of the offering, the company's shares have a closing price equal to or higher than 72 cents per share for 10 consecutive trading days on the TSX Venture Exchange (as defined herein), the company shall thereafter be entitled to give notice to the holders of all 36-cent warrants, by news release, that such warrants will expire at 4:30 p.m. ET on that date which is 30 days after the date of such news release, unless exercised before the expiry of that period. If, at any time after four months after the date of completion of the offering, the company's shares have a closing price equal to or higher than 80 cents per share for 10 consecutive trading days on the TSX-V (as defined herein), the company shall thereafter be entitled to give notice to the holders of all 32-cent warrants, by news release, that such warrants will expire at 4:30 p.m. ET on that date which is 30 days after the date of such news release, unless exercised before the expiry of that period.

The company will pay finders' fees equal to 5 per cent of the gross proceeds from a portion of the financing in cash and 5 per cent finders' warrants equal to the number of units sold in accordance with the policies of the TSX-V. The proposed private placement and finders' fees are subject to TSX-V acceptance. All shares issued pursuant to the offering (including shares issued to finders), as well as any shares issued pursuant to the exercise of warrants, will be subject to a four-month hold period from the closing date.

Statement

Dan Stuart, president, chief executive officer and a director of Juggernaut Exploration, commented: "The company and the geologic team are looking forward to what is shaping for an exciting 2019 exploration season. The Empire, Midas, DSM and J2 properties are all located in key geologic terranes that have garnered strong support from institutions and interest from the miners alike. Drill results from Midas and Empire will be reported once received, compiled and interpreted. We look forward to the 2019 drilling and exploration season with great anticipation."