Vangold Proposes 3:1 Consolidation

VANGOLD RESOURCES LTD.

November 2, 2016 TSXV: VAN

VANGOLD PROPOSES 3:1 CONSOLIDATION

Vancouver, BC – Vangold Resources Ltd. (TSXV: VAN, the "Company") announces that it intends to consolidate its common shares on the basis of three pre-consolidation common share for one postconsolidation common share (the “Consolidation”). The Consolidation is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The Board of Directors may, in its sole discretion, elect to abandon the Consolidation at any time prior to it become effective.

For more information, please contact:

Dal Brynelsen, CEO 604.830.4458 [email protected]

Neither the TSX Venture Exchange nor its Regulations 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.

This news release contains forward-looking statements. Any statements that are not historical fact are to be considered forward-looking statements. Forward-looking statements cannot be guaranteed and involve assumptions and are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and not place undue reliance upon forward-looking statements. Any forward-looking statements herein are made as of the date hereof, and the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information and statements except as required by applicable laws.

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