Mr. Alec Pismiris reports

PACTON SIGNS GOLDEN PALMS DEFINITIVE AGREEMENT

Pacton Gold Inc. has closed the Golden Palms property (E47/3810) acquisition agreement (Pacton news release dated Oct. 19, 2018).

The Golden Palms project is strategically significant in that it extends Pacton's adjacent Friendly Creek and Hong Kong tenements northward and westward to join Novo Resources Corp.'s Egina project (Pacton news release dated Sept. 21, 2018).

Under the terms of the Golden Palms agreement, Pacton will purchase 100 per cent of the property by paying a total of $100,000 and issuing 400,000 common shares on completion of the transaction.

The company has also entered into an option agreement to purchase 12 mineral claims located in the Red Lake mining division in Ontario for aggregate consideration of $110,000 and 250,000 common shares to be paid and issued over two years. The claims are subject to net smelter returns royalties ranging from 0.25 per cent to 2.25 per cent, half of which can be purchased by the company for $250,000. The 12 newly acquired mineral claims are strategically located between Pure Gold's Madsen and Wedge zone ground and Great Bear Resource's Dixie discovery. In late September, 2018, Great Bear Resources reported a drill intersection of 18.23 grams per tonne gold over a drill width of 10.35 metres in what was described as crack-seal style veining typical of the Red Lake district (see Great Bear Resources press release dated Sept. 27, 2018). Pacton has now consolidated this strategic land position with the acquisition of these claims within a fertile gold-bearing district.

Both the Golden Palms agreement and Red Lake property agreement are subject to the acceptance of the TSX Venture Exchange. The company will be seeking such acceptance forthwith.

The technical content of this news release has been reviewed and approved by Peter Caldbick, PGeo, a director of the company and a qualified person pursuant to National Instrument 43-101.

About Pacton Gold Inc.

Pacton Gold is a well-financed Canadian junior with key strategic partners focused on the exploration and development of conglomerate-hosted gold properties located in the district-scale Pilbara gold rush in Western Australia.

We seek Safe Harbor.