Mr. Andrew Bowering reports

ML GOLD CLOSING OF OVERSUBSCRIBED FINANCING

ML Gold Corp. has closed its previously announced non-brokered private placement announced Nov. 22, 2017.

Proceeds of the closing of the private placement were $1,296,830. The private placement consisted of the issuance of 5,841,600 non-flow-through units at a price of 10 cents per non-flow-through unit and 5,482,077 flow-through units at 13 cents per flow-through unit.

Each non-flow-through unit at 10 cents comprises one common share in the capital of the company and one full non-transferable share purchase warrant. Each non-flow-through warrant is exercisable into one common share at a price of 15 cents for a period of two years.

Each flow-through unit at 13 cents comprises one flow-through common share and one-half of one non-transferable share purchase warrant. Each full flow-through unit warrant is exercisable into one non-flow-through share at a price of 18 cents for a period of two years.

The non-flow-through shares and flow-through shares, including any non-flow-through shares issuable upon exercise of flow-through warrants and non-flow-through warrants, are all subject to a hold period expiring on April 30, 2018.

The private placement had been originally announced as comprising 3.5 million non-flow-through units and five million flow-through units for total proceeds of $1-million. The closing numbers herein reflect an increase of 2,341,600 non-flow-through units and 482,077 flow-through units. The prices of all units and the exercise price of all warrants remain unchanged from the first announcement.

A total of $18,188.10 in cash and 150,570 broker warrants were issued as finders' fees on the private placement.

The net proceeds from the private placement will be used for general working capital purposes and exploration of the company's Stars property.

About ML Gold Corp.

ML Gold is a Canadian-listed company, focused on creating shareholder value through discoveries and strategic development of mineral properties in Canada and the United States.

We seek Safe Harbor.