Kintavar acquires new claims with potential stratiform copper and cobalt mineralization

Kintavar acquires new claims with potential stratiform copper and cobalt

mineralization

MONTREAL, July 23, 2018 -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V:KTR) (FRANKFURT:58V), is

pleased to announce the acquisition of a 100% interest in 17 mining claims located in the province of Quebec (the “ Claims”),

pursuant to an arm’s length mining claims purchase & transfer agreement (the “ Agreement ”) between the Corporation and

several prospectors, in consideration of $10,000, 40,000 shares (“Share”) and 100,000 warrants, each warrant entitling the

holder to acquire one Share at a price of $0.37 until July 20, 2020.

The Claims are divided into 2 properties, the Wabash property in the Parent region with 6 Claims and the Baie Johan Beetz

(“BJB”) property in the Havre-Saint-Pierre region with 11 Claims.  The Wabash claims are subject to a 0.25% net smelter

return royalty. In addition to the acquisition of the Claims, the Corporation proceeded with staking additional 120 claims in the

Wabash property and 30 claims in the BJB property.

This Agreement is subject to regulatory approval and the securities issued will have a hold period of four months and one day.

“The Mitchi property has provided us with a lot of geological information since its discovery in 2017. We have used that

knowledge and the historical data to identify two regions in Quebec with similar signatures. In addition, the Wabash property

has an indication of a cobalt enrichment on top of the copper mineralization based on historical lake sediment surveys in the

area. Knowing that stratiform copper deposits contain cobalt in the DRC, it is an important vector to be followed up on in future

work. We will begin with airborne geophysical survey in the coming months before moving forward with a surface exploration

program.” commented Kiril Mugerman, President and CEO of Kintavar.

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 km 2 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 type 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 and a 1% NSR on 21 claims partially in 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 performance 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 occur, 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 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 differ 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.