Aston BAY Holdings Private Placement Offering to Include Non- Brokered Portion

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S.

NEWS AGENCIES

FOR IMMEDIATE RELEASE TSX-V: BAY

ASTON BAY HOLDINGS PRIVATE PLACEMENT OFFERING TO INCLUDE NON-

BROKERED PORTION

Vancouver, British Columbia – June 21, 2017 – Further to its news release dated May 11, 2017, Aston

Bay Holdings Ltd. (TSX-V: BAY) (“Aston Bay” or the “Company”) wishes to announce that a portion of

its $2 million private placement (the “Offering”) as described is being offered on a non-brokered basis.

The Company anticipates that certain insiders may participate in the Offering. All of the securities issued

pursuant to the Offering will be subject to a hold period of four months and one day from the date of

closing of the Offering.

About Aston Bay Holdings

ABOUT ASTON BAY HOLDINGS LTD.

Aston Bay Holdings Ltd. (TSX-V: BAY) is a publicly traded mineral exploration company focused on

the 976,066-acre (395,000-hectare) Aston Bay Property located on northwest Somerset Island, Nunavut.

The Aston Bay Property hosts the Storm Copper project and the Seal Zinc project. Historical drilling has

confirmed the presence of sediment-hosted copper and zinc mineralization on the property.

The Company’s public disclosure documents are available on http://www.sedar.com.

FOR ADDITIONAL INFORMATION CONTACT:

Thomas Ullrich, Chief Executive Officer

Telephone: (416) 456-3516

Neither the TSX Venture Exchange Inc. 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 certain statements that may be deemed “forward -looking statements”.

Forward-looking statements are statements that are not historical facts and are generally, but not always,

identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”,

“potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or

“should” occur. Although the Company believes the expectations expressed in such forward -looking

statements are based on reasonable assumptions, such statements are not guarantees of future performance

and actual results may differ materially from those in forward -looking statements. Forward-looking

statements are based on the beliefs, estimates and opinions of the Company’s management on the date the

statements are made. In the event that management’s beliefs, estimates or opini ons, or other factors,

should change, the Company undertakes no obligation to update these forward-looking statements, except

as required by law.

We seek Safe Harbor.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR

DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED

STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN

OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED

STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTE RED

UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE

SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR

TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.