Mr. William Pincus reports

MIRAMONT ANNOUNCES $1,000,000 NON-BROKERED PRIVATE PLACEMENT

Miramont Resources Corp. has arranged a non-brokered private placement of up to 2,857,143 units at a price of 35 cents per unit for aggregate gross proceeds of up to approximately $1-million. The company intends to use the proceeds from the private placement for its planned drilling activities at Cerro Hermoso, advancing the Lukkacha project and general working capital purposes. Closing of the private placement is expected to occur on or before Jan. 31, 2019.

Each unit will consist of one common share in the capital of the company and one transferrable common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of 50 cents per common share until the date which is two years from the closing date. The company may pay certain finders a fee for introducing eligible participants to the private placement.

All securities issued under the private placement, including securities issuable on exercise thereof, are subject to a hold period expiring four months and one day from the closing date.

The private placement is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange.

About Miramont Resources Corp.

Miramont Resources is a Canadian-based exploration company with a focus on acquiring and developing mineral prospects within world-class belts of South America. Miramont Resources' key assets are located in southern Peru. The Cerro Hermoso property hosts a 1.4-kilometre diameter breccia pipe targeting gold-polymetallic mineralization, while the Lukkacha property is targeting porphyry copper mineralization.

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