Mitchi Project: up to 9.12% Cu, 100 g/t Ag and 0.88 g/t Au in Grab Samples at the New Nasigon- Sud Trench; Repurchase of Royalty Making Entire Sedimentary Basin Royalty Free

NEWS RELEASE

For immediate distribution

Mitchi Project: up to 9.12% Cu, 100 g/t Ag and 0.88 g/t Au in Grab Samples at the New Nasigon-

Sud Trench; Repurchase of Royalty Making Entire Sedimentary Basin Royalty Free

 Nasigon-Sud: 10 grab samples between 1.45% and 9.21% Cu

 Lac-Michel showing: 300 m to the South-East of Nasigon. Up to 1.32% Cu

 Elementary showing: 2.6 km North of Sherlock, 3 grab samples between 1.83% and 2.34%

Cu

 Toby trench: Over 10m of folded and mineralized marble 200 m East of Sherlock

 Strike length of mineralization on Sherlock corridor over 4.5 km

 Hispana: 3 new zones of mineralized outcrops giving up to 1.04% Cu

 NSR Royalty on 21 claims of the Sherlock corridor repurchased – sedimentary basin is

now royalty free

Montreal, Quebec, August 8, 2018 – Kintavar Exploration Inc. (the “ Corporation” or “ Kintavar”)

(TSX-V: KTR) (FRANKFURT: 58V), is pleased to announce its first results from the 2018 summer

exploration program. The results include a new high grade copper zone identifie d at the

Nasigon-Sud trench, a new mineralized zone ( Elementary) 2.6 km north of Sherlock which

extends the strike length of the mineralization to 4.5 km in the Sherlock corridor and new

mineralized zones in the Hispana corridor. Mineralization has now bee n identified in both the

marble units and the metamorphosed sandstone units which are typically associated with

stratiform copper deposits. This significantly expands the exploration horizons for the

Corporation in the sedimentary basin of the Mitchi project.

The Corporation is also pleased to announce that it has repurchased a 1% Net Smelter Returns

(“NSR”) Royalty on 21 contiguous claims that are part of the Sherlock & Watson corridor for a

total value of $50,000 payable in shares of its capital for a t otal of 131,578 common shares. This

transaction is subject to the TSX Venture Exchange approval and the shares issued are subject to

a hold period of four month and one day form the date of issuance.

The work completed on the three corridors (Sherlock, Hispana and Nasigon) consisted of surface

exploration and trenching which resulted in the discovery of several copper showings. The

copper mineralization is strongly associated with stratiform units of marbles and calc -silicate

metasediments, including new m etamorphosed sandstone horizons. Figure 1 shows the

overview of the exploration program to date and the recent discoveries.

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Figure 1: Summary of grab samples results June & July 2018 (Sherlock , Hispana & Nasigon

Corridors). Full size map can be viewed here.

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Nasigon Corridor

Surface follow up of the geophysical anomalies that were identified in the spring lead to the

discovery of new copper zones in the north-western portion of the grid (Figure 2). Eight trenches

were completed and / or extended and sampled up to today. Assays of grab samples from five of

these trenches are presented in Table 1. The high grade mineralization identified at Nasigon-Sud

(over 9% Cu in 2 samples) including the gold mineralization (up to 0.88 g/t Au in 3 samples), is a

new zone associated with a later alteration and remobilization event of the copper minerals that

will be a priority target in the upcoming work. Assays from channel samples are expected in the

coming weeks while a drilling program is currently ongoing on the main mineralized zones. The

location of these zones is shown in Figure 2.

Figure 2: Summary of grab samples results June & July 2018 (Nasigon Corridor). Full map size can

be viewed here. Full size map can be viewed here.

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Table 1: NASIGON GRID

Location /

showings Sample Easting Northing Cu (ppm.

%)

Ag

(g/t) Lithology Type Au g/t

Nasigon – South

Trench

S743999 491707 5264948 2920 1.6 Gneiss

Grab

X379269 491709 5264934 1.63% 10.2 Calc-Silicate Unit

(CaSi)

X379271 491709 5264934 3.22% 17.5 Metasomatic Unit 0.11

X379272 491709 5264934 9.21% 48.7 Metasediments 0.12

X379273 491709 5264934 3.31% 16 Marble

X379274 491709 5264934 9.12% 100 Metasediments 0.88

X379275 491709 5264934 2.31% 10.9 Marble

X379276 491709 5264934 1.81% 9.8 CaSi Unit

X379987 491715 5264946 2.06% 10.5 Metasomatic Unit

X379988 491717 5264946 0.98% 4.3 Metasediments

X379989 491717 5264947 1.45% 7.7 Metasomatic Unit X379990 491705 5264937 3.10% 39.1

Nasigon – East

Trench

S743904 491792 5265070 1.11% 5 CaSi Unit

Grab

S743905 491797 5265069 6780 5.7 Marble

S743906 491796 5265067 3640 5.5 CaSi Unit

S743907 491796 5265071 3070 3.5 Metasediments

(sandstones)

S743993 491794 5265069 5100 4.3 Marble

S743994 491797 5265073 1.12% 11.2 Metasediments

(sandstone)

Lac-MICHEL

N-85

Trench

X379400 491977 5264884 5720 5

CaSi Unit Grab X379969 491978 5264883 3250 2.6

X379970 491981 5264881 7180 7.1

X379971 491978 5264882 1.32% 11.9 Marble

Moli Trench X379368 491270 5264376 1.34% 13 Marble Grab S743829 491269 5264326 1255 1.4 CaSi Unit

Dôme Trench X379985 490784 5263988 8250 0.6 CaSi Unit Grab X379986 490784 5263989 3270 0.5

N-20 S743819 492602 5263746 3470 1 CaSi Unit

Boulder S743820 492573 5263754 1385 1.7 Marble

N-67 S743916 492016 5264560 2.71% 52.6 Marble

Sentier N-44 X379358 491403 5263971 1725 4.5 Gneiss

Outcrop X379359 491406 5263967 7250 6.9 Gneiss

Lac Paul N-76 X379363 491020 5264185 1.05% 7.2 Metasediments

X379364 491017 5264184 1.25% 12 CaSi Unit

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Sherlock Corridor

The disco very of an a rea with mineralized marble and calc -silicate metasediment ary outcrops

located 2.6 km along the northern extension of the mineralized units of the Sherlock and Watson

showings and, the 007 showing located 1.0 km to the east of Sherlock and Wats on, extends the

strike length of the mineralization to over 4.5 km. The extension of the Induced Polarization (IP)

survey is currently underway to cover that northern portion. A program of trenching followed up

by drilling is planned for August and September.

The Toby trench is located 200 m to the East of the Sherlock showing a nd corresponds to the

same geophysical anomaly. The mineralized marble unit extends for over 10 m in thickness.

Furthermore, it is the first time in the Sherlock/Watson area that a mineralized metasedimentary

sandstone unit has been identified. These units are typically associated with stratiform copper

deposits and become an important target for exploration. Drilling and additional trenching is

planned in the area for the August and September period.

Table 2: SHERLOCK CORRIDOR

Location /

showings Sample Easting Northing Cu (ppm.

%) Ag (g/t) Lithology Type

Elementary

X379515 483354 5255622 2.10% 16.9 Marble Outcrop

X379516 483363 5255550 1.83% 14.2 CaSi Unit

Sub-in-place

Boulder X379517 483362 5255557 2.34% 18.5 Marble

X379522 483417 5255687 5680 4.2 CaSi Unit

007 S743807 484677 5253293 2350 3.5 CaSi Unit Outcrop S743808 484679 5253284 1575 2.3

Toby Trench

W953952 483836 5253057 5610 9.3 CaSi Unit

Grab

W953953 483834 5253050 8870 15.3 Marble

W953954 483833 5253056 6290 9.8 Metasediments

(sandstones) W953955 483834 5253052 4280 5.4

W953956 483832 5253059 7730 8.6 Marble

W953958 483840 5253051 6660 4.4 Metasediments

(sandstones)

W953959 483839 5253051 2200 3.5 Marble

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Hispana Corridor

The surface work on the Hispana corridor w as the first exploration program in the area. The

mineralized sedimentary units were successfully identified and sampled. The Huard and Sarcelle

showings are both loc ated on copper soil anomalies which extend over several hundreds of

meters. Initial results are shown in Table 3 and Figure 1. A new IP survey is currently being

conducted and a trenching program is planned for the month of August.

Table 3: HISPANA CORRIDOR

Location /

showings Sample Easting Northing Cu (ppm.

%)

Ag

(g/t) Lithology Type Au (g/t)

Huard

X379378 486581 5259553 2370 2.2

CaSi Unit and

marble

Outcrop

X379379 486580 5259571 3620 5 Sub-in-place

Boulder

X379381 486563 5259522 1.04% 8.7 Outcrop 0.24

X379382 486572 5259547 5640 4.2

Sarcelle

S743930 487387 5258505 2080 1.4

CaSi Unit and

marble Outcrop

S743931 487381 5258499 1185 0.8

S743933 487385 5258506 7990 12.2 0.25

Nord S743882 489868 5260682 1.00% 8 Metasediments Outcrop

“The discovery of a high grade zone in the Nasigon corridor is a major development for the

Mitchi project. As we anticipated, Nasigon is becoming a very important corridor with 8

mineralized trenches on surface completed that extend over 6 geophysical anomalies.

The initial drilling program on Nasigon, which is finishing up this week, focused on several of

these targets which were successfully intercepted at depth. The channel samples results from

several of these zones should be available in the coming weeks while drilling assays are expected

in the fall.

The Sherlock corridor continues to deliver consistent results on surface. Extending the

mineralization over 4.5 km and identifying mineralization in the sandstones bodes well to

demonstrating the high volume potential that the Mitchi project presents. The IP survey over

both the Sherlock and Hispana corridors will help identify more surface exploration targets which

will be targeted with trenching and drilling in the coming months.

As for the Royalty transaction, the entire sedimentary basin is now 100% owned by Kintavar and

is royalty free. Repurchasing this royalty was an important step in solidifying the ownership

structure. In the future, this should result in improved economics to our f lagship project and

opens opportunities in future financings. ” commented Kiril Mugerman, President and CEO of

Kintavar.

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Grab samples are selected samples and not necessarily representative of the mineralization

hosted on the property.

Further to the clos ings of its latest offering (see press release June 28, 2018 ), the Corporation

wishes to correct the disclosure related to the amount of finder fees paid, which totalled

$131,865.97 and 243,613 broker warrants, instead of the $130,731.97 and 250,513 broker

warrants disclosed.

About the Mitchi Property

The Mitchi property (approx. 30,000 hectares, 100% owned) is located west of the

Mitchinamecus reservoir, 100 km north of the town of Mont -Laurier. The property covers an

area of more than 300 km2 accessible by a network of logging and gravel roads with a hydro -

electric power substation located 14 km to the east. The property is located in the north-western

portion of the central metasedimentary belt of the Grenville geological province. Many gold,

copper, silver and/or manganese mineralized showings have been identified to date, with many

characteristics suggesting of a sediment -hosted stratiform copper type deposit (SSC) in the

Eastern portion of the property and Iron Oxide Copper Gold ore (IOCG) and skarn t ype deposits

in the Western portion. Osisko holds a 2% NSR on 27 claims of the southern portion of the Mitchi

property, outside of the sedimentary basin.

For further information contact:

Kiril Mugerman,

President and CEO

Telephone: +1 450 641 5119 #5653

Email: [email protected]

Web: www.kintavar.com

Forward looking Statements:

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.

This news release contains statements that may constitute “forward -looking information” or “forward looking

statements” within the meaning of applicable Canadian securities legislation. Forward -looking information and

statements may include, among others, statements regarding future plans, costs, objectives or performance of the

Corporation, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”,

“could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” “target” and similar words and

the negative form thereof are used to identify forward -looking statements. Forward -looking statements should not

be read as guarantees of future performanc e or results, and will not necessarily be accurate indications of whether,

or the times at or by which, such future performance will be achieved. No assurance can be given that any events

anticipated by the forward -looking information will transpire or occ ur, including additional closings of the private

placement referred to above, or if any of them do so, what benefits the Corporation will derive. Forward -looking

statements and information are based on information available at the time and/or management's good-faith belief

with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other

unpredictable factors, many of which are beyond the Corporation’s control. These risks, uncertainties and

assumptions include, but are not limited to, those described under “Risk Factors” in the Corporation’s management’s

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discussion and analysis for the fiscal year ended December 31, 2017, which is available on SEDAR at www.sedar.com;

they could cause actual events or results to di ffer materially from those projected in any forward -looking statements.

The Corporation does not intend, nor does the Corporation undertake any obligation, to update or revise any

forward-looking information or statements contained in this news release to reflect subsequent information, events

or circumstances or otherwise, except if required by applicable laws.