Ardonblue Grants Incentive Options to a Senior Officer/Director

ARDONBLUE VENTURES INC.

NEWS RELEASE

Ardonblue Grants Incentive Options to a Senior Officer/Director

Vancouver, British Columbia – October 20, 2017 – Ardonblue Ventures Inc. (the "Company") (TSX-V: ARB) announces that pursuant to the Company’s stock option plan, it has granted to a senior officer/director, incentive options for the purchase of up to a maximum aggregate of 500,000 common shares of the Company. 125,000 options are exercisable six months after the day of the grant and another 125,000 are exercisable every six months thereafter. Subject to acceptance by the TSX Venture Exchange (“Exchange”), these options have an exercise price of $0.52 per share and expire on October 20, 2022, but subject to earlier termination in accordance with their terms of other agreements, which may be in effect from time to time.

As the exercise price of these options has been set above the market price of the Company’s shares, any shares issued pursuant to the exercise of such options will not be subject to the four month Exchange hold period that applies to shares issued on exercise of options below the market price.

On behalf of the Board of Directors,

"Clive Brookes"

Clive Brookes CEO and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

Suite 1010 – 1130 West Pender Street, Vancouver, BC, Canada V6E 4A4 [email protected] Tel: (604) 408-1990 Fax: (604) 608-4822

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