Cleghorn Minerals Gives Corporate Update Following Agm

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152 Chemin de la Mine École

Val-d'Or, QC J9P 7B6

FOR IMMEDIATE RELEASE TSX-V:CZZ

CLEGHORN MINERALS GIVES CORPORATE UPDATE FOLLOWING AGM

Val-d’Or, Québec – October 31, 2017 – Cleghorn Minerals Ltd. (“Cleghorn”) announces results from its annual

general shareholder meeting held on Friday, October 20, 2017.

At the meeting, shareholders re-elected incumbent directors Glenn J. Mullan (President, Chief Executive Officer

and Corporate Secretary), Joseph Groia and Andrew T. Pepper, re-appointed incumbent auditor, Raymond

Chabot Grant Thornton LLP, and gave annual approval to Cleghorn’s 10% rolling stock option incentive plan as

required by the policies of the TSX Venture Exchange.

Dr. C. Jens Zinke, who served as a director of Cleghorn si nce its incorporation in February 2010, did not stand

for re-election as a director at the October 20 th annual general meeting. Cleghor n’s Board of Directors extends

thanks to Dr. Zinke for his past contributions to Cleghorn during his term as a director.

Cleghorn’s Board of Directors also announces that Isabe lle Gauthier has been appointed as Chief Financial

Officer, replacing Dr. Zinke who previously served as Cleghorn’s Chief Financial Officer.

Cleghorn’s common shares now trade on the TSX Venture Exchange under symbol ‘CZZ’.

About Cleghorn Minerals Ltd.:

Cleghorn is a junior mineral explorati on company with a 100% interest in the Meech Lake - Matachewan

Prospect, a property located in northeastern Ontario, subject to an aggregate 3.5% NSR. Cleghorn is continuing

due diligence on several property opportunities, both in Cana da and located in international jurisdictions, and

will provide additional information should the examinati ons lead to favourable conclusions and affordable

transactions.

For additional information, please contact:

Glenn Mullan, President & Chief Executive Officer

telephone: (819) 824-2808 - Head Office

(514) 835-8384 - cell phone

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture

Exchange) accepts responsibility for the adequacy or accuracy of this news 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”, “i ntends”, “estimates”, “projects”, “pot ential” and similar expressions, or that

events or conditions “will”, “would”, “may ”, “could” or “should” occur. A lthough Cleghorn 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 ma y differ materially from those in forw ard-looking statemen ts. Forward-looking

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

made. Except as required by law, Cle ghorn undertakes no obligation to update thes e forward-looking statements in the

event that management’s beliefs, estimates or opinions, or other factors, should change.