Lynx Pipe Begins Commercial Production

Archon Minerals Limited

#2801 – 323 Jervis Street

Vancouver, BC, V6C 3P8

Tel: 604-682-3303

Lynx Pipe Begins Commercial Production

April 18, 2018 – Vancouver, British Columbia TSX.V: ACS

Archon Minerals Limited (“Archon” or the “Company”) is pleased to announce that the Lynx Pipe in

the Buffer Zone of the Ekati Diamond Mine officially began commercial production1 as of April 1, 2017.

Lynx is the Company’s first kimberlite pipe to reach c ommercial production. Located in the

southeastern portion of the Ekati property, about 30km from the Ekati main site facilities and

approximately 3km to the southwest of the Misery pipe, the Lynx pipe is an open -pit mine with proven

and probable reserves o f approximately 1 million tonnes at 0.8 carats/tonne . Further details about the

Lynx pipe can be found in the July 31, 2016 technical report published by the Company’s joint venture

partner, Dominion Diamond Ekati Corporation, at http://www.ddcorp.ca/docs/default-source/43-

101/2016-ekati-diamond-mine-technical-report.pdf?sfvrsn=3.

“Reaching commercial production at the Lynx is the culmination of years of effort ,” says Stewart

Blusson, President of the Company. “We thank our joint venture partner and our shareholders in helping

Archon achieve this important milestone.”

ARCHON MINERALS LIMITED

“Stewart Blusson”

Stewart Blusson, President and Director

Notes:

1. Commercial production is deemed to be achieved when an asset is expected to produce

diamondiferous ore for 90 days at a rate of not less than 60% of the designed mine production

capacity (measured in tonnes of diamondiferous ore per day) on average for that 90-day period.

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.

This news release may contain “forward -looking statements”, which are statements about the future based on current

expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward -looking statements.

Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements

will prove to be accurate or true. Investors should not place undue reliance on forward -looking statements. The Company does

not undertake any obligation to update forward-looking statements except as required by law.