Kintavar Assays 0.49% Cu and 5.5 g/t Ag over 21.4 m including 0.64% Cu and 7.4 g/t Ag over 12 m in Channel Samples at the Sherlock Showing and Announces Private Placement Sherlock mineralization on surface confirmed with 12 m grading at 0.64% Cu and 7.4 g/t

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Kintavar Assays 0.49% Cu and 5.5 g/t Ag over 21.4 m including 0.64% Cu and 7.4 g/t Ag over 12 m

in Channel Samples at the Sherlock Showing and Announces Private Placement

 Sherlock mineralization on surface confirmed with 12 m grading at 0.64% Cu and 7.4 g/t

Ag (0.70% CuEq)

 Watson-3 identified as the extension of mineralization from historical drill holes DDH-12

and DDH-13

 450 m long by 200 m wide mineralized corridor between Sherlock and Watson

 Geophysical interpretation suggests the extension of favorable structure and lithologies

2 km to the East and West of Sherlock and Watson

 Same lithological units and mineralization are confirmed to repeat again 7 km to the NE

and then 6 km to the NNE

Montreal, Quebec, October 17, 2017 – Kintavar Exploration Inc. (the “ Corporation” or “Kintavar”)

(TSX-V: KTR), is pleased to announce assays from channel sampling at the Sherlock and Watson-3

showings on the Mitchi property in Quebec. The mineralized corridor that was identified in

September (see press release September 26 , 2017) is now confirmed with these continuous

composite channel samples and with the historical drill holes from 1972. A grab sample returned

0.74% Cu and 9.74 g/t Ag 200 m east of Sherlock indicating that the mineralization is continuous

to the east as sh own by the geophysical Induced Polarization ( IP) anomaly. The Sherlock and

Watson-3 trenches are separated by 70 m and the mineralized lithological units are still open in

all the directions and will be tested by a drilling program in the coming months. Details of the

private placement can be seen below.

Sherlock and Watson-3 Trenches

The Sherlock trench delivered the widest interval of mineralization identified on the Mitchi

property to date with 21.4m @ 0.49% Cu and 5.5 g/t Ag ( 0.54% CuEq) including 12 m @ 0.64 %

Cu and 7.4 g/t Ag (0.70% CuEq ). Sherlock mineralization is associated with the diopside marble

and the diopside rich sediments enriched in bornite and chalcopyrite. 200 m east of the Sherlock

showing, a grab sample from an outcrop returned 0.74% Cu and 9.74 g/t Ag. Both coincide with

a 450m long weak IP and moderate soil anomaly.

The Watson-3 trench, is associated with a moderate IP and strong soil anomaly. It is located 70 m

south of the Sherlock trench and returned 0.59% Cu and 4.94 g/t Ag (0.63% CuEq) over 1.9m and

0.38% Cu and 3.0 g/t Ag over 3.4 m. Watson-3 showing is interpreted as the extension on surface

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of the mineralization that was intersected in the 1972 historical drill holes (SIGÉOM: GM 27421)

DDH12 (0.41% Cu and 16.17 g/t Ag over 6.10 m from 16.4 m), DDH13 (0.49% Cu and 15.26 g/t Ag

over 9.75 m from 20.0 m) and DDH14 (0.47% Cu and 11.38 g/t Ag over 3.05 m from 20.4 m).

Watson-3 mineralization is primarily associated with the phlogopite rich glimmerite layer and the

diopside marble enriched in bornite with traces of chalcopyrite, chalcocite and covelite . A third

and southernmost IP moderate anomaly (150 m south of Watson -3) has not been yet explained

on surface or in historical drill holes.

Michel Gauthier, P.Geo and Ph.D , a technical advisor of the Corporation and a renowned

metallogenist and specialist in mining exploration has visited the Watson, Watson -3, Sherlock

and Nasigon showings. His interpretation supports that we are dealing with a sediment-hosted

stratiform copper (SSC) system in a Grenville setting that underwent high grade metamorphism

and folding.

“We are very encouraged by the width of the mineralization on surface at the Sherlock area and

the potential extension of the mineralizat ion intersected in the historical drill holes and at

Watson-3. We are dealing with a significant mineralized corridor (potential of 450 m long by 200

m wide) with consistent mineralization identified between the Watson and Sherlock showings.

Another positive point is the major color and competency contrast between the mineralized

lithologies and the encasing gneiss which is a major advantage for potentially mining this type of

mineralized material . The upcoming drilling program will test the depth potential of the

mineralization and the lateral extent of each of the zones identified to date. Another important

question to be answered is if the IP anomalies are three (3) individual mineralized zones or if

they are connected through lower grade mineralization . This will be a major plus in terms of

increasing the potential mineralized envelope between Sherlock and Watson -3. We are very

excited to be moving forward with the first drilling program on Mitc hi in the coming months. ”

commented Kiril Mugerman, President and CEO of Kintavar Exploration.

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Figure 1: Sherlock and Watson 3 trenches Full size map can be viewed here.

Regional Blue Sky Potential

Taking into consideration the SSC system that has been identified, re -interpretation of the

geophysical survey suggests an extension of the favorable structure and lithologies 2 km to the

east and west of Sherlock and Watson and this is supported by several soil anomalies.

Furthermore, the same structure and lithologies are repeated 7 km to the NE as confirmed by

the Hispano and Sly showings. The same lithologies and mineralization is then again repeated 6

km to the NNE, as confirmed b y the Nasigon showing, but the airborne geophysical survey stops

just short of this target area. The Nasigon area is unique in that the mineralization is mainly

associated with chalcocite (approximately 80% copper by weight) and highest grades of copper

(channel samples from 2014 returned 1.05% Cu over 4.0 m and 2.79% Cu over 1.6 m and are still

open in both directions).

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Figure 2: Regional map with re-interpretation of the airborne magnetics survey Full size map can

be viewed here.

Private Placement

The Corporation also announces a non -brokered private placement financing (the “ Offering”) at

a modified pricing relative to that announced in the August 29, 2017 press release due to market

conditions. The Offering consists of up to 2,272,727 units (each a “ Unit”) at a price of $0.11 per

Unit and 3,571,428 common shares on a flow -through basis (each a “ FT Share”) at a price of

$0.14 per FT Share for aggregate gross proceeds of up to $750,000. Each Unit will consist of one

common share (each a “ Share”) and one-half of one share purchase warrant (each whole being,

a “Warrant”). Each Warrant entitles the holder thereof to acquire one ad ditional Share at a price

of $0.14 per Share for a period of twenty-four (24) months from the closing date.

Closing of the Offering is expected to occur in November 2017 and is subject to receipt of

regulatory approvals, including the approval of the TSX Venture Exchange. The securities to be

issued under the Offering will have a hold period of four months and one day from their issue.

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Net proceeds from the Offering will be used for surface work and drilling on the Mitchi property

as well as for general corporate and working capital purposes. The Offering will be completed

with "accredited investors" under National Instrument 45 -106 - Prospectus Exemptions ("NI 45-

106") and with existing security holders under Regulation 45 -513 - Prospectus Exemption for

Distribution to Existing Security Holders, as well as Ontario Securities Commission Rule 45 -501 -

Ontario Prospectus and Registration Exemptions (the "Existing Shareholder Exemption").

The Offering under the Existing Shareholder Exemption is being made to existing security holders

who held shares of the Corporation as of October 16, 2017 (the "record date"). In the event that

the Offering is oversubscribed, the Corporation may increase t he size of the Offering or allocate

subscriptions on a pro rata basis in accordance with holdings of existing shareholders as of the

record date.

All samples have been sent and prepared (PREP -31) by ALS Global laboratory in Val -d’Or. A

portion of the pulp of each sample was analyzed at the laboratory in Val -d’Or for gold by

standard fire assay (AU-AA23) followed by gravimetry (AU-GRA21) if results were greater than

0.5 g/t Au. The other portion of the pulp was sent to ALS Global laboratory in Vancouver for a

multi-elemental analysis by aqua -regia and spectroscopy (ICP -AES/MS). Sample with assays

higher than 1% Cu were reanalyzed by atomic absorption (CU-AA46) at the ALS Global Vancouver

laboratory. Quality controls include systematic addition of blank sample s and certified gold

standards to each batch sample sent to laboratories. Copper standards will be systematically

included in future samples sent to the lab.

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

hosted on the property.

The Corporation has not been able to independently verify the methodology and results from

the historical work program within the property boundaries. However, management believes

that the historical work program has been conducted in a professional manner and the quality of

data and information produced from them are relevant.

Copper equivalent grade (CuEq) is presented for information purposes only and is not indicative

of management’s opinion on the potential metallurgical recoveries o r future commodity prices.

CuEq grade including silver values is based on 100% metal recoveries, Cu price of 3$/lb and Ag

price of 18 $/oz. Copper grade equivalent calculation. CuEq% = (Cu % + (Ag grade x Ag

price))/(22.0462 x Cu price x 31.0135 g/t).

About the Mitchi Property

The Mitchi property (approx. 21,000 hectares, 100% owned) is located west of the

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

area of more than 210 km2 accessible by a network of logging a nd 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,

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

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

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

in the W estern portion. Osisko Mining holds a 2% NSR on 39 claims and 1% NSR on 21 other

claims of the Mitchi property.

NI 43‐101 Disclosure

Alain Cayer, P. Geo., MSc., Vice -President Exploration of Kintavar, is the Qualified Person under

NI 43-101 guidelines who supervised and approved the preparation of the technical information

in this news release.

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 p rivate 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 e vents 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 und er “Risk Factors” in

the Corporation’s management’s discussion and analysis for the six months ended June 30, 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 for ward-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.