Resolve Ventures Announces Effective Date of Consolidation

700-838 W Hastings Street, Vancouver, BC, V6C 0A6

Telephone: (604) 644-6794

For Immediate Release

Trading Symbol: RSV – TSX-V

RESOLVE VENTURES ANNOUNCES EFFECTIVE DATE OF CONSOLIDATION

VANCOUVER, BRITISH COLUMBIA – August 13, 2018 – Resolve Ventures Inc. (TSX-V: RSV)

(the “Company”) is pleased to confirm the effective date for the consolidation of one (1) post-

consolidation share for every one-and-a-half (1 1/2) pre-consolidation shares, as announced on

August 3, 2018.

The name and symbol of the Company will remain the same. Effective at the opening on August 15,

2018, the shares of the Company will commence trading on the TSX Venture Exchange on a

consolidated basis.

Post-Consolidation Capitalization: Unlimited shares with no par value of which approximately

4,813,864 shares are issued and outstanding.

Transfer Agent: Computershare Trust Company of Canada

Trading Symbol: RSV

CUSIP Number: 76117A503 (new)

About the Company

Resolve is a Vancouver based publicly listed exploration company trading on the TSX Venture

Exchange. The company is led by a highly skilled management and technical team with numerous

previous successes in the junior mining sector.

For further information on the Company, visit www.resolveventures.com or call (604) 644-6794.

ON BEHALF OF THE BOARD

Clive Massey, President

(604) 644-6794

Neither TSX Venture Exchange nor their 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 press release contains "forward-looking information" that is based on the Company’s current expectations, estimates, forecasts and

projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration and

development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking

2

information. Forward-looking information is subject to known and unknown risks, uncertainties and other fac tors that may cause the

Company’s actual results, level of activity, performance or achievements to be materially different from those expressed or i mplied by

such forward-looking information. Such factors include, but are not limited to: uncertainties related exploration and development; the

ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in

input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or

operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters.

This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered

carefully and readers should not place undue reliance on such forward-looking information. The Company disclaims any intention or

obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.