AbraPlata Provides Diablillos PEA Status Update and Announces Expiry of Anti-Dilution Right Held by SSR Mining

AbraPlata Provides Diablillos PEA Status Update and Announces

Expiry of Anti-Dilution Right Held by SSR Mining

Vancouver, BC, February 26, 2018 AbraPlata Resource Corp. ("AbraPlata" or the " Company")

(TSX-V: ABRA; OTC: ABBRF; Frankfurt: 1AH) i s pleased to announce that the Preliminary

Economic Assessment (“PEA”) of the Diablillos Ag -Au project is nearing completion and the

Company expects to announce the results by the end of February 2018. The Company is also

pleased to report that the contractual anti -dilution right (the "Anti -Dilution Right") held by SSR

Mining Inc. (formerly Silver Standard Resources Inc.) ("SSR Mining") under the second amended

and restated share purchase agreement dated March 21, 2017 (the "SSR Agreement"), which

entitled SSR Minin g to maintain a free carried 19.9% equity interest in the Company has now

expired.

Hernan Zaballa, Chairman of AbraPlata, commented “Previously, AbraPlata was obligated to

issue shares of the Company to SSR Mining each time we did an equity financing. No w that we

have fulfilled the “Qualifying Financing” requirement associated with the purchase of Diablillos,

SSR Mining will be required to pay for shares they receive in future financings. That will result in

less dilution and more financing flexibility go ing forward, and we are pleased to have met this

important milestone. Likewise, we look forward to achieving another major milestone in the

near future when we announce the results of a PEA on Diablillos.”

Pursuant to the Anti -Dilution Right, previously whenever the Company issued common shares

to third parties, it was obliged to issue additional common shares to SSR Mining, without

payment, sufficient for SSR Mining to maintain a 19.9% equity interest in the capital of the

Company. SSR Mining retains an equity participation right under the SSR Agreement which

entitles SSR Mining to participate in future transactions in which the Company issues equity

securities for cash or non -cash consideration. For example, if the Company intends to

undertake an equity financing, SSR Mining will have the right to purchase, on the same terms as

the equity financing, up to that number of equity securities as would result in SSR Mining

maintaining, following the completion of the equity financing, the same equity interest it held

immediately prior to the completion of the equity financing.

Likewise, if the Company intends to issue equity securities for non -cash consideration, or as a

result of a consolidation, amalgamation, merger, arrangement, corporate reorganization or

similar transaction or business reorganization resulting in a combined company (a "Non -Cash

Transaction"), SSR Mining will have the right to subscribe for and purchase such number of

equity securities as would result in SSR Mining maintaining, following t he completion of the

Non-Cash Transaction, the same equity interest it held immediately prior to the completion of

the Non-Cash Transaction, for the cash equivalent of the consideration being received by the

Company under the Non-Cash Transaction.

If SSR M ining fails to fully exercise its equity participation right in connection with any equity

financing or Non -Cash Transaction, its equity interest in the Company will be diluted. SSR's

equity participation right will expire upon SSR Mining's equity interest in the Company being

less than 10% for any continuous period of at least 30 days. A copy of the SSR Agreement is

available from the Company's profile on SEDAR (www.sedar.com).

About AbraPlata

AbraPlata is a junior mining exploration company focused on d elivering 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 Diablillos prop erty, 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 locat ed 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

President & Chief Executive Officer

AbraPlata Resource Corp.

Tel: +54.11.5258.0920

E-mail: [email protected]

Rob Bruggeman

Investor Relations

AbraPlata Resource Corp

Tel: +1.416.884.3556

Email: [email protected]

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

legislation. Forward -looking statements are necessarily based upon a number 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 will 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 obligation to update or revise an y 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 policies

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