Abraplata Announces Closing of Private Placement

ABRAPLATA ANNOUNCES CLOSING OF PRIVATE PLACEMENT

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN

THE UNITED STATES

Vancouver, BC, July 27, 2017 AbraPlata Resource Corp ("AbraPlata" or the " Company") (TSX-V: ABRA;

OTCQB: ABBRF; Frankfurt: 1AH) i s pleased to announce it has completed, on a non -brokered basis, an

offering of 4,066,480 common shares of the Company by way of a private placement at a price of $0.40

per share for total gross proceeds of $1,626,592 (the "Financing"). Proceeds from the private placement

will be used for property exploration and working capital.

In connection with the Financing, the Company will pay to certain arm's length parties a finder’s fee

comprised of (i) a cash fee equal to eight p ercent (8%) of the gross proceeds received from subscribers

sourced by the finders, and (ii) share purchase warrants exercisable to acquire up to 31 7,742 common

shares of the Company (the "Finder Warrants"). The Finder Warrants will be exercisable for a pe riod of

one year from the date of issuance at a price of (i) $0.40 per common share during the first six months

after a Finder Warrant is issued, and (ii) $0.60 per common share for the following six months

thereafter.

Pursuant to Silver Standard Resources Inc.'s ( "Silver Standard ") contractual anti -dilution right to

maintain a 19.9% equity interest in the capital of the Company, under the second amended and restated

share purchase agreement dated March 21, 2017 (the "SSR Agreement"), 1,010,274 common shares will

be issued to Silver Standard. A copy of the SSR Agreement is available from the Company's profile on

SEDAR (www.sedar.com).

The private placement is subject to regulatory approval. In compliance with Canadian s ecurities laws

and the rules of the TSX Venture Exchange, all securities issued in connection with the Financing will be

subject to a hold period of four (4) months following the date hereof.

About AbraPlata

Abraplata is a junior mining exploration compan y focused on delivering shareholder returns by

unlocking mineral value in Argentina. The Company's experienced management team has assembled an

outstanding portfolio of gold, silver and copper exploration assets, and is focused on advancing its

flagship D iablillos property, with an indicated resource of 81.3m oz Ag and 755k oz Au, through the

various stages of feasibility. In addition, AbraPlata owns the highly prospective Cerro Amarillo property

with its cluster of five mineralized Cu -(Mo-Au) porphyry intrusions located in a mining camp hosting the

behemoth El Teniente, Los Bronces, and Los Pelambres porphyry Cu -Mo deposits. Further exploration

work is also planned for the Company’s Samenta porphyry Cu -Mo property, located south of First

Quantum's TacaTaca project, as well as its Aguas Perdidas Au-Ag epithermal property.

ON BEHALF OF THE BOARD

ABRAPLATA RESOURCE CORP.

"Willem Fuchter"

Willem Fuchter

President and Chief Executive Officer

For further information concerning this news release, please contact:

Willem Fuchter Karl Cahill

President & Chief Executive Officer VP Investor Relations

AbraPlata Resource Corp. AbraPlata Resource Corp.

Tel: +54.11.5258.0920 Tel: +1.858.531.6100

E-mail: [email protected] Email: [email protected]

This news release includes certain "forward -looking statements" under applicable Canadian securities

legislation. Forward -looking statements are necessarily based upon a nu mber of estimates and

assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties,

and other factors which may cause the actual results and future events to differ materially from those

expressed or implied by such forward-looking statements. All statements that address future plans,

activities, events or developments that the Company believes, expects or anticipates will or may occur

are forward -looking information. There can be no assurance that such statements wil l prove to be

accurate, as actual results and future events could differ materially from those anticipated in such

statements. Accordingly, readers should not place undue reliance on forward -looking statements. The

Company disclaims any intention or obliga tion to update or revise any forward -looking statements,

whether as a result of new information, future events or otherwise, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the polic ies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Continue to watch our progress at:

Web: www.abraplata.com