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New Point Exploration Provides Update for Moosehead Lake Properties

Corporate Updates

newpointexploration. com

CSE: NP / OTC: NPEZF / FSE: 4NP

Suite 310 – 221 West Esplanade, North Vancouver, BC, V7M 3J3 1

NEWS RELEASE

New Point Exploration Provides Update

for Moosehead Lake Properties

VANCOUVER—February 7, 2019— New Point Exploration Corp. (CSE: NP / OTC: NPEZF / FSE: 4NP)

(“New Point” or the “Company”) is pleased to provide the following update for the Moosehead Lake

Properties in Newfoundland. Timothy Henneberry - Mammoth Geological Ltd. was engaged to examine

the properties for infrastructure, look at any outcrops and take some initial samples. He als o reviewed

regional Long Wave InfraRed (LWIR).

New Point Land Tenure-Moosehead Lake

Long Wave infraRed (LWIR) imagery for the two NP properties indicates anomalous quartz and

chalcopyrite on the southern tenure. Both land tenures are underlain by forest and bog cover. Eighty

nine soil samples were collected to search for any potential mineralization. Only one outcrop was noted.

On the northern block 29 auger samples were collected from 1.5 meter depths with two single point

samples assaying 10ppb Au and 14ppb Au. On the southern block 50 surface soil samples were

collected on three separate lines using 50 meter sample spacing from the southern block. Three

adjacent samples on the southern, east-west trending line returned 19 ppb Au, 6 ppb Au, and 7 ppb Au

from the west to the east. A single point sample returned 6 ppb Au.

newpointexploration. com

CSE: NP / OTC: NPEZF / FSE: 4NP

Suite 310 – 221 West Esplanade, North Vancouver, BC, V7M 3J3 2

New Point Southern Tenure-026277M: Gold Soil Geochmistry (Au ppb)

Follow-up is planned pending further developments and improved understanding of the mineralization in

the region.

About New Point Exploration Corp.

New Point (CSE: NP / OTC: NPEZF / FSE: 4NP) is engaged in the business of acquiring, exploring and

developing mineral properties related to the growing battery industry. Focused on high grade,

prospective properties in North America, New Point is building a portfolio that includes lithium, cobalt and

copper projects in prospective, mining-friendly jurisdictions. New Point, A Next Generation Metals

Company.

On Behalf of the Board of New Point Exploration Corp.

“David Greenway”

Chief Financial Officer

Corporate Office

310-221 West Esplanade

North Vancouver, BC

V7M 3J3

For further information, please contact:

E: [email protected]

P: (604) 318-0114

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the

Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

newpointexploration. com

CSE: NP / OTC: NPEZF / FSE: 4NP

Suite 310 – 221 West Esplanade, North Vancouver, BC, V7M 3J3 3

This news release may contain forward-looking statements based on assumptions and judgments of management

regarding future events or results. Such statements are subject to a variety of risks and uncertainties, which could

cause actual events or results to differ materially from those reflected in the forward- looking statements. The

Company disclaims any intention or obligation to revise or update such statements.