Mr. Neil Woodyer reports

LEAGOLD REPORTS HIGH-GRADE RESULTS IN FINAL HOLES OF 2017 BERMEJAL DRILLING PROGRAM

Leagold Mining Corp. has released results for the final 15 drill holes at the Bermejal underground project at the Los Filos gold mine in Mexico. Highlights are all from the Central zone and include 18.0 grams per tonne over 14.1 metres, including 31.4 grams per tonne over 7.3 metres; 7.6 grams per tonne over 14.3 metres, including 18.3 grams per tonne over 4.0 metres; and 22.4 grams per tonne over 1.8 metres (all capped grades and true widths; see attached table).

Leagold's chief executive officer, Neil Woodyer, stated: "On closing of the acquisition last spring, we immediately launched an aggressive drill program to unlock the potential of the Bermejal underground deposit. The exploration team has done a great job completing this important program on schedule and working with our consultants to produce updated resource estimates that doubled our measured and indicated resources. Today's results are consistent with what we have encountered throughout the drill program to date, and several areas of high-grade mineralization have been defined. We continue development of the underground ramp, which has now advanced to 281 metres, and expect to have access to a test mining area by midyear. The expansion of the resource and development of the project are delivering value to our shareholders."

These final 15 holes are part of the infill and stepout exploration drill program launched in April and completed in December, 2017. The objective of the program was to expand the known Bermejal underground resource base and increase resource classification in support of future feasibility-level studies and development decisions. A total of 111 holes were drilled comprising 56,280 metres. The drill holes reported in this news release will be incorporated into a final resource estimate for year-end reporting.

All of the holes in the program intersected one or more iron-oxide skarn mineralized zones as targeted. Over all, 88 per cent of the total holes drilled exceeded a threshold of three grams per tonne over a diluted minimum true width of three metres. The drilling shows consistent oxide mineralization at carbonate/intrusive contacts either along the intrusive contact or below the intersection between the sill and the Bermejal intrusive contact (a subsill deposit). The high-grade intercepts reported in this news release are from this subsill area.

To date, the Bermejal underground deposit contains a measured and indicated resource totalling 2.1 million ounces (10.8 million tonnes grading 6.0 grams per tonne -- see news release dated Dec. 22, 2017), providing a sound basis for preparation of mine design and mineral reserves.

Los Filos currently operates two open-pit mines, Los Filos and Bermejal, and one underground mine at Los Filos. The Bermejal underground project represents the opportunity to develop a second underground mine to both expand gold production and extend the mine life.

          DRILL PROGRAM HIGHLIGHTS FOR BERMEJAL UNDERGROUND DEPOSIT
  
Hole ID           From         To     Length   True width      Grade     Capped 
                    (m)        (m)        (m)          (m)   (g/t Au)   (g/t Au)

BU-76A-17       587.90     592.70       4.80         4.16       9.17
BU-84A-17       507.45     512.20       4.75         3.05       8.77
And             540.45     542.55       2.10         1.82       5.30
BU-85-17        481.80     483.60       1.80         1.77      10.07
And             510.95     513.55       2.60         2.36       4.34
And             537.85     542.85       5.00         4.33       4.22
BU-86-17        476.35     478.30       1.95         1.77      61.32      22.35
And             577.75     581.50       3.75         3.25       6.14
And             791.95     800.15       8.20         7.43      12.39
BU-89-17        435.40     438.30       2.90         2.73       3.33
And             461.55     464.80       3.25         3.05       4.00
BU-89A-17       614.45     618.30       3.85         3.62       4.37
And             682.90     687.25       4.35         3.08       3.32
BU-93-17        251.55     254.55       3.00         2.95       3.59
And             261.15     266.35       5.20         5.12       8.09
And             276.50     280.45       3.95         3.89       6.98
And             293.35     301.55       8.20         8.08       5.88
Including       294.85     297.85       3.00         2.95      11.93
BU-94-17        401.65     415.45      13.80        13.59       4.75
Including       401.65     403.45       1.80         1.77       8.38
Including       408.80     415.45       6.65         6.55       5.92
And             420.00     422.20       2.20         2.17      12.49
And             431.20     438.20       7.00         6.89      12.33
And             495.30     498.60       3.30         3.10       9.89
BU-95-17        379.25     380.55       1.30         1.28      19.30
BU-97-17        557.30     571.60      14.30        14.08      20.22      18.00
Including       557.30     561.15       3.85         3.79       4.88
Including       564.15     571.60       7.45         7.34      35.62      31.37
And             640.70     644.25       3.55         3.50       4.91
Including       640.70     641.10       0.40         0.39      25.30
BU-98-17        280.90     284.90       4.00         3.63      10.32
And             308.30     309.55       1.25         1.13      10.70
BU-99-17        346.90     350.45       3.55         3.50       4.82
And             369.45     380.10      10.65        10.49       8.79
BU-100-17       395.60     403.85       8.25         8.22       4.71
BU-101-17       511.05     516.35       5.30         5.22       4.56
And             530.10     532.30       2.20         2.17       4.26
And             538.15     552.70      14.55        14.33       7.97       7.59
Including       538.15     542.25       4.10         4.04      19.67      18.34
And             570.70     573.70       3.00         2.95       3.15
And             577.65     578.60       0.95         0.94      33.50
And             581.05     582.45       1.40         1.38      48.90      40.00
BU-102-17       449.35     454.85       5.50         5.31      12.19       8.37
And             467.80     470.10       2.30         2.22       6.84
And             475.00     479.00       4.00         3.86       4.49
And             488.20     512.00      23.80        23.57       6.07
Including       498.60     510.45      11.85        11.73       8.37
And             535.95     538.60       2.65         2.62       3.57  

Notes: 
All intercepts are over three grams per tonne when diluted to a minimum 
true width of three metres. Drill hole BU-92-17 intercepted mineralization 
but diluted below three grams per tonne after diluting to three metres.
Individual assays within the intercepts were capped using a limit of 
40 grams per tonne.

Qualified person

Doug Reddy, PGeo, Leagold's senior vice-president, technical services, is a qualified person under National Instrument 43-101 and has reviewed and approved the technical contents of this news release on behalf of Leagold.

The Los Filos mine employs industry-standard drilling and sampling procedures. All exploration samples are sent to an ALS Global facility in Guadalajara for preparation and Vancouver for analyses by fire assay and ICP. A full quality control and assurance program and protocols are in place and are aligned with best practices, including regular insertion of certified reference standards, blanks and duplicates.

About Leagold Mining Corp.

Leagold is building a new mid-tier gold producer with a focus on opportunities in Latin America. The 2017 acquisition of the Los Filos mine, a low-cost gold producer in Mexico, provides an excellent platform for growth.

We seek Safe Harbor.