Financing Announced to Drill Silver Queen

New Nadina Explorations Limited TSX-V-NNA Box 130, 298 Greenwood Street Greenwood BC V0H 1J0 Phone (250) 445 2260, Fax (250) 445 2259 [email protected] News Release

FINANCING ANNOUNCED TO DRILL SILVER QUEEN

June 20, 2017 GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA) is pleased to announce progress on its 100% owned Silver Queen property south of Houston BC near Owen Lake. A 5-8,000 meter drill program in the north west section of the Itsit Copper Molybdenum Gold Porphyry will extend strike and depth of previous intercepts of high grade silver in the NG3 Vein and test two additional targets. (NR May 24, 2017)

One target located just beyond the high grade silver veins. is of coincident high chargeability and low resistivity. Certain drill holes testing the epithermal high grade silver veins will be extended (deepened) to test this target. The second target (blue) is a deep, large, very conductive geophysical anomaly to the northwest of the NG3 vein system could indicate massive sulphides and will be tested by a single drill hole. The circled area shows the two set-up sites. The No3 Vein system west of the porphyry striking northwest carries gold, silver, lead and zinc and is not epithermal appearing as seen within the porphyry to the east.

Intercepts of drill hole 12S-05 will be tested by 10-12 drill holes extending a 250m area by the upcoming drill program. Drilling which would be directed towards proving a resource estimate.

12S-05 AZ (UTM): 303° Inclination: -65.2° Hole Depth: 777m

The drill program will commence September 1 and expected to take 8-10 weeks. Previous porphyry drilling resulted in excellent per day footages. The program will terminate to allow reclamation prior to snow fall. The site has good year round access with full core logging and sampling facilities.

James Hutter, PGeo., a qualified person as defined under National Instrument 43-101, has reviewed and approved the technical content of this release.

Private Placement

New Nadina is also pleased to announce a non-brokered private placement of 6,000,000 units at a price of $0.08 cents per unit for gross proceeds of $480,000. The units of the financing will comprise of one common share and a full share purchase warrant, exercisable for a period of five years at a price of $0.12 per share. The term of the warrants may be accelerated in the event that the issuer's shares trade at or above a price of $0.15 cents per share for a period of ten (10) consecutive trading days. In such case of accelerated warrants, the issuer shall give notice by way of a news release to the subscribers that the warrants will expire thirty

(30) days from the date of providing such notice.

Directors, officers or other insiders of the Company may participate in the foregoing offerings, and such parties may sell securities of the Company owned or controlled by them personally through the facilities of the TSX Venture Exchange to finance participation in such offerings. The Company will make available a portion of the offering to existing shareholders using provisions of the Canadian existing security holder exemption pursuant to Multilateral CSA Notice 45-313 – Prospectus Exemption for Distributions to Existing Security Holders (“CSA 45-313”) and the corresponding blanket orders and rules implementing CSA 45-313 in the participating jurisdictions in respect thereof (collectively with CSA 45-313, the “Existing Security Holder Exemption”).

The Offering shall include two parts, a private placement to existing shareholders (the “Existing Shareholder Private Placement” and a non-brokered private placement to all other eligible investors in accordance with applicable TSX Venture Exchange rules and securities laws (the “Concurrent Offering”).

Certain subscribers under the foregoing offerings may be participating through an exemption contained in Multilateral CSA Notice 45-313 and the various corresponding blanket orders and rules of participating jurisdictions (the “Existing Shareholder Exemption”) or Multilateral CSA Notice 45-318 and various blanket orders and rules of participating jurisdictions (the “Investor Dealer Exemption”).

For subscribers utilizing the Existing Shareholder Exemption, the Offering is available to all shareholders of the Company as at June 19, 2017 (the “Record Date”) (and still are shareholders) who are eligible to participate under the Existing Shareholder Exemption. Any person who becomes a shareholder of the Company after the Record Date is not permitted to participate in the offerings using the Existing Shareholder Exemption but other exemptions may still be available to them. Shareholders who became shareholders after the record date should consult their professional advisors when completing their subscription form to ensure that they use the correct exemption.

There are conditions and restrictions when relying upon the Existing Shareholder Exemption, namely, the subscriber must: a) be a shareholder of the Company on the Record Date (and still are a shareholder), b) be purchasing the Units as a principal, i.e. for their own account and not for any other party, and c) may not purchase more than $15,000 value of securities from the Company in any twelve month period. There is one exception to the $15,000 subscription limit. In the event that a subscriber wants to purchase more than $15,000 value of securities then they may do so provided they have first received 'suitability advice' from a registered investment dealer and, in this case, subscribers will be asked to confirm the registered investment dealer's identity and employer.

If an offering is over-subscribed, it is possible that a shareholder's subscription may not be accepted by the Company even though it is received. Additionally, in the event of an imbalance of large subscriptions compared to smaller subscriptions management of the Company reserves the right in its discretion to reduce large subscriptions in favour of smaller shareholder subscriptions.

If an offering is not fully subscribed or the over-allotment option is not fully exercised, then management of the Company will determine the allocation of net proceeds amongst the above purposes in the best interests of the Company. There may be circumstances however, where, for sound business reasons, a reallocation of funds may be necessary.

Subscribers utilizing the Existing Shareholder Exemption must reside in one of the following jurisdictions: Alberta, British Columbia, Manitoba, New Brunswick, Ontario, Nova Scotia, Northwest Territories, Prince Edward Island, Québec, Saskatchewan and Yukon. Shareholders resident in Newfoundland and Labrador are not permitted to participate in the Offering under the Existing Shareholder Exemption. Existing shareholders resident in countries other than Canada will need to meet local jurisdiction requirements to participate.

Subscribers implementing the Investor Dealer Exemption must reside in one of the following jurisdictions: Alberta, British Columbia, Manitoba, New Brunswick and Saskatchewan. Subscribers resident in Ontario, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Prince Edward Island, Québec and Yukon are not permitted to participate in the Offering under the Existing Shareholder Exemption. Subscribers resident in countries other than Canada will need to meet local jurisdiction requirements to participate.

There is no material fact or material change of the Company that has not been generally disclosed. The securities issued pursuant to the Offering will be subject to statutory hold periods.

Assuming the entire Offering is fully subscribed, the Company intends to allocate the net proceeds towards exploration drilling of the Silver Queen property. While the Company currently anticipates that it will use the net proceeds as describe, it may re-allocate the gross proceeds from time to time depending upon the Company’s growth strategy relative to market and other conditions in effect at that time.

A finder's fee may be paid in cash, share purchase warrants or a combination of both to eligible finders in accordance to the TSX-V policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The offering and payment of finders' fees are both subject to approval by the TSX-V.

ON BEHALF OF THE BOARD “Signed”

Ellen Clements, President and Chief Executive Officer

Visit www.nadina.com Contact Ellen Clements: 1 (250) 444-1005, or email [email protected]

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION

This news release contains certain "forward-looking information" within the meaning of Canadian securities laws. Actual results may differ materially from those indicated by such forward-looking information. All information included herein, other than statements of historical fact, including, without limitation, information regarding future production, is considered forward-looking information and involves various risks and uncertainties. There can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Neither 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.

“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.”