Sego Closes Private Placement

SEGO RESOURCES INC.

Suite 310 -744 West Hastings Street Vancouver, BC V6C 1A5 TSX-V: SGZ Tel: (604) 682-2933 www.segoresources.com Toll Free: 1-866-683-2933

March 4, 2016 Sego Closes Private Placement

Sego Resources Inc. (Sego or the Company) has closed a total of $37,500.00 (1,875,000 units consisting of one common share and one two year warrant to purchase an additional share at $0.05) with its previously announced financing. See News Release October 21, 2015. The offering will require a discretionary pricing waiver and regulatory approval from the TSX Venture Exchange in order to complete the private placement.

Funds raised are for payment of some outstanding debt and working capital. The use of proceeds will include some outstanding legal fees ($15,000.00), transfer agent ($1,360.65.00), financial reporting and accounting ($10,000), and working capital. The Company fully expects to spend the funds as stated; there may be circumstances, for sound business reasons, where a reallocation of funds may be necessary.

Sego is 100% owner of the Miner Mountain Project, an alkalic copper-gold porphyry exploration project near Princeton, British Columbia. The property is 2,056.54 hectares in size and located 15 kilometres north of the Copper Mountain Mine operated by Copper Mountain Mining Corporation and Mitsubishi Copper. Sego has a Memorandum of Understanding with the Upper Similkameen Indian Band, in whose Traditional Territory the Miner Mountain Project is situated. Sego holds a 5-year exploration permit for the property and has received an Award of Excellence for its reclamation work at Miner Mountain.

For further information please contact:

J. Paul Stevenson, CEO (604) 682-2933

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No regulatory authority has approved or disapproved the information contained in this news release. This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statement of historical facts that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects re forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, statements are not guarantees of future performance and actual results or developments may differ materially from the forward- looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements.