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Hudson Resources Announces US$9.5 Million Drawdown from Recent Debt Financing FOR the White Mountain Project

Financings Debt & Credit Facilities

Suite 420 – 1639 2nd Ave. W. Tel: (604) 628-5002

Vancouver, B.C. V6J 1H3 Fax: (877) 413-0119

FOR IMMEDIATE RELEASE TSX-V: HUD

August 1, 2017 OTC: HUDRF

NR2017-12

HUDSON RESOURCES ANNOUNCES US$9.5 MILLION DRAWDOWN

FROM RECENT DEBT FINANCING FOR THE WHITE MOUNTAIN PROJECT

Vancouver, BC - HUDSON RESOURCES INC. (the “Company”) – (TSX Venture Exchange “HUD”; OTC

“HUDRF”) is pleased to announce that further to its recent news release dated July 17, 2017, Hudson Greenland

A/S has satisfied all the conditions of its loan financings and has drawn down the Subordinated loan for US$9.5

million. The $US13.0 million Senior Loan will be drawn down over time, as required.

ON BEHALF OF THE BOARD OF DIRECTORS

“James Tuer”

James Tuer, President

For further information:

James Tuer, President

Ph: 604-628-5002 or 604-688-3415

[email protected]

Forward-Looking Statements

This news release includes certain forward-looking statements or information. All statements other than statements of

historical fact included in this news release, including, without limitation, statements regarding the use of proceeds from the

private placement, and other future plans and objectives of the Company are forward-looking statements that involve various

risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and

future events could differ materially from those anticipated in such statements. Important factors that could cause actual

results to differ materially from the Company's plans or expectations include market prices, general economic, market or

business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and

from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any

intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events

or otherwise except as otherwise required by applicable securities legislation.

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.