Resolve Ventures Proceeds with Debt Settlment Transaction

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

Telephone: (604) 644-6794

For Immediate Release

Trading Symbol: RSV – TSX-V

RESOLVE VENTURES PROCEEDS WITH DEBT SETTLMENT TRANSACTION

VANCOUVER, BRITISH COLUMBIA – MAY 7, 2018 – Resolve Ventures Inc. (TSX-V: RSV)

(the “Company”) announces that it has amended the debt settlement agreements with certain arm’s

length third parties as announced on March 12, 2018. The Company has agreed to issue an aggregate

of 4,219,352 units (each a “Unit”) at a deemed price of $0.06 per Unit (the "Transaction”).

Each Unit will consist of one common share of the Company and one share purchase warrant (a

“Warrant”). Each Warrant shall be exercisable to acquire one additional common share of the

Company (a “Warrant Share”) for a period of five years at a price of $0.09 per Warrant Share.

The amount of indebtedness settled by the Transaction is $253,161.15. The Company determined to

satisfy this outstanding indebtedness with shares as it has no immediate source of cash.

The Transaction is subject to TSX Venture Exchange approval. All securities issued pursuant to the

Transaction are subject to four-month and one-day hold period.

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

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

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

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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.