Dr. Quinton Hennigh reports

MIRAMONT TO COMMENCE PHASE II DRILLING AT CERRO HERMOSO

Miramont Resources Corp. will undertake phase II diamond drilling at its Cerro Hermoso gold-polymetallic project in southern Peru. The company anticipates drilling to commence in early May.

In a news release dated April 12, 2019, Miramont announced final results from a nine-hole program conducted earlier this year. Hole CH-009, drilled in the north-central part of the targeted diatreme complex, encountered several intervals of significant mineralization. This drill hole was highlighted by 249 metres of 0.68 gram per tonne gold equivalent, including a high grade subinterval of 1.95 m of 28.7 g/t Au equivalent. Miramont believes this mineralization remains open to the southeast, east, northeast and at depth.

Nine diamond drill holes, each averaging approximately 400 m deep, are planned to follow-up mineralization encountered within the diatreme complex.

Dr. Quinton Hennigh, Miramont's executive chairman, said: "Phase I drilling at Cerro Hermoso provided sufficient encouragement to allow our board to unanimously approve a similarly sized phase II drill program. We are hopeful that the nine planned drill holes will expand the footprint mineralization within the diatreme complex, a pipe-like body of rock that was at one time the throat of a volcano. We are also hopeful that we might see increasing grades within areas that remain open. Volumetrically, there is considerable room left to explore within the diatreme. Phase II drilling is designed to more thoroughly evaluate the potential for a large, disseminated body of gold-polymetallic mineralization by maximizing the footprint of exploration."

Drilling is expected to be complete within approximately two months of commencement. Miramont will provide regular updates on progress during phase II drilling.

National Instrument 43-101 disclosure

The technical content of this news release has been reviewed and approved by Dr. Quinton Hennigh, PGeo, executive chairman of Miramont and a qualified person as defined by National Instrument 43-101.

About Miramont Resources Corp.

Miramont is a Canadian-based exploration company with a focus on acquiring and developing mineral prospects within world-class belts of South America. Miramont's two key projects are Cerro Hermoso and Lukkacha, both located in southern Peru. Cerro Hermoso is a diatreme-hosted gold-polymetallic prospect. Lukkacha is a classic copper-porphyry prospect.

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