CZZ.V · 2017-03-28 12:00:00

Cleghorn Reports Surface Grab Sample Results from the Meech Lake Prospect,

Drill Results Exploration Programs Sampling & Geoscience Results

152 Chemin de la Mine École

Val-d'Or, QC J9P 7B6

FOR IMMEDIATE RELEASE TSX-V: JZZ

Matachewan, Ontario

Hugh Kell’s Showing: 8.31% Cu, 3.80% Ni, 13.5 g/t Pt, 60.4 g/t Pd & 1.89 g/t Au

Waterhole Showing: 7.01 g/t Au, 31.2 g/t Ag, 2.25% Zn

1.525g/t Au, 43.6 g/t Ag, 3.85% Zn

Val-d’Or, Québec – March 28, 2017 – Cleghorn Minerals Ltd. ( “Cleghorn” or the “Company” ) is

pleased to announce assay results from the first phase exploration program on the Meech Lake -

Matachewan Prospect located in Northea stern Ontario . The program consisted of locating and re -

sampling the numerous historical occurrences of mineralization outlined in pits and trenches.

A total of 38 selective rock grab samples were collected from 14 separate pits, trenches and two

unmarked historical prospector’s workings. The program s uccessfully identified and confirmed the

presence of two separate mineralized system s on the property, uncovered in 4 pits and/or trenches. They

are represented by the Hugh Kell’s Ni-Cu-PGE Showing (T -52) and the Waterhole Au-Ag-Cu-Zn

Showing (T-1) and its related mineral occurrences ( T-23 & T-25) along the inferred mineralized trend,

approximately 350 metres to the west.

Table I contains the assay highlights from the re-sampling program for the Hugh Kell’s Showing:

Table I Kell's Showing Assay Highlights - Trench T-52

Sample

ME-

ICP61

ppm

0.5

ME-

ICP61

ppm

Me-

ICP61

ppm

Cu-

OG62

Cu%

0.001

Me-

ICP61

ppm

Ni-

OG62

Ni %

0.001

PGM-

ICP23

ppm

0.001

PGM-

ICP23

ppm

0.005

PGM-

ICP23

ppm

0.001

PGM-

ICP27

ppm

0.01

PGM-

ICP27

ppm

0.01

PGM-

ICP27

ppm

0.01

62812 2.7 142 6470 9130 0.118 0.379 1.105

62813 3.9 188 >10000 0.982 8200 0.165 0.496 1.485

62814* 9.9 303 >10000 3.70 >10000 1.335 0.757 1.250 3.72

62815 8.7 177 >10000 1.355 7330 0.364 1.150 2.78

85869* 93.5 1790 >10000 8.31 >10000 3.80 1.875 >10.0 >10.0 1.89 13.5 60.4

85870 2.1 113 5270 4150 0.127 0.357 1.065

85871 2.6 141 >10000 1.02 6440 0.202 0.734 2.03

85872 4.1 180 7010 >10000 1.310 0.199 0.499 1.550

* Denotes samples representative of massive sulphide.

The Hugh Kell’s (Ni-Cu-PGE) Showing, named after the late, well-known prospector Hugh M. Kell, was

worked through the 1950’s following his discovery of massive sulphides in a fine-grained ultramafic host.

Additional work in the 1970’s later described the hostrock as a dunite that is completely altered to talc +

calcite + serpentine (Szetu, 1974; AFRI: 42A02SW0098). It is noteworthy that the dunite, which appears

to be finite near the massive sulphide lens discovery, has also been described in drillholes completed

along strike much later in the 1970’s. For further details, please refer to the January 31, 2017 Cleghorn

press release.

Table II contains the assay highlights from the re- sampling program for the Waterhole Showing and

Trenches T23 & T25:

Table II Waterhole Showing (T-1) & Trenches T-23,T-25 Assay Highlights

Sample # Showing

Au-

AA23

au g/t

0.005

ME-

ICP61

Ag ppm

0.5

ME-

ICP61

Cu ppm

ME-

ICO61

ZN ppm

Zn-

OG62

Zn %

0.001

62810 Waterhole 7.01 31.2 3730 >10000 2.25

85852 Waterhole 0.714 4.2 833 >10000 1.46

85856 T-23 0.174 0.8 275 >10000 3.6

85864 T-25 0.268 2.1 435 >10000 2.17

85866 Waterhole 1.525 43.6 1300 >10000 3.85

85873 T-25 0.128 1.0 296 9810

The Waterhole (Au -Ag-Cu-Zn) Showing mineralization consists of pyrite, sphalerite, and chalcopyrite

which occurs as bands and disseminations , hosted in variable sericitized and carbonatized gabbro,

whereas the mineralization at the T -23 and T-25 Au-Ag-Cu-Zn occurrences is described as being hosted

in variable chloritized and carbonatized andesite. The mineralization appears to be structurally controlled

(multi-phase system), within altered shear zones. It is of general interest that the calc-alkaline hostrocks in

the Meech Lake - Matachewan Prospect have been described as part of the Upper Supergroup, which

appear to be comparable to the Kinojevis and Blake River Group volcanics in the Cadillac area of

Northeastern Québec. For further details, please refer to the January 31, 2017 Cleghorn press release.

Cleghorn has received an Exploration Plan from the Ministry of Northern Development and Mines

(MNDM) to encompass additional in- fill and grid extensions for detailed geological and geophysical

surveying. The initial focus of this work will cover the Hugh Kell’s Showing to test a new mineral deposit

model, with particular emphasis on a structural control component versus solely on lithological targeting.

A remote sen sing analysis over the property, including a geological structural interpretatio n, will be

conducted in advance of ground fieldwork . Additional fieldwork planned will include more detailed

sampling, assaying and mapping of the historical pits, trenches, and outcrop exposures to better

characterize the nature and occurrence of the two separate mineralized systems, and geochemical surveys

to define extensions of mineralization in overburden covered areas.

All grab sample assays reported ab ove were completed by ALS Minerals, an accredited mineral analysis

laboratory. Sample preparation was completed in Val d'O r, Québec and analyses in Vancouver, B ritish

Columbia. Nickel, copper, cobalt, zinc and silver values were determined by a 61 element, Four Acid /

ICP-AES analysis and gold values were determined by a 30 gram fire assay and AAS fin ish. Platinum,

palladium and gold values were determined by 30 gram fire assay with ICP finish. When samples

received over-limit values they underwent further analysis using ALS Minerals assay procedure Ni-OG62

(for nickel), Cu - OG62 (for copper), Zn- OG62 (for zinc), and PGM – ICP27 (for gold, platinum and

palladium). The reader is referred to: www.alsgobal .com for details of analytical procedures described

above.

Funding for this first phase of work was received from the Ontario Exploration Corporation (OEC)

through their Prospector Assistance Program initiative via an initial $10,000 grant (50% of the funding on

approval and signing of a purchase agreement and the balance on submission and approval of the Final

Submission Form including Technical Report and Assessment Credit Approval letter), in exchange for a

0.5% royalty on the property. Cleghorn would like to thank the OEC for its financial support in these

difficult market conditions and plans to proceed with the second ($25,000 for an additional 0.25%

royalty) and third ($50,000 for an additional 0.25% royalty) project funding applications. The royalty has

a buyback clause as defined in the purchasing agreement.

Michael P. Rosatelli, P.Geo and a consultant to Cleghorn, is the designated “ qualified person” as defined

in Section 1.2 in and for the purposes of National Instrument 43- 101 that reviewed and approved the

technical content of this release.

Additional Property Acquisitions:

Cleghorn is continuing due diligence on several property opportunities, both in Canada and located in

international jurisdictions, and will provide additional information should the examinations lead to

favourable conclusions and affordable transactions.

About Cleghorn Minerals Ltd.:

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

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

For additional information, please contact:

Glenn J. Mullan, President, Chief Executive Officer, Secretary and Director

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”, “intends”, “estimates”, “projects”, “potential” and similar expressions,

or th at events or conditions “will”, “would”, “may”, “could” or “should” occur. Although 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 may differ materially from those in forward- looking

statements. 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, Cleghorn undertakes no obligation

to update these forward- looking statements in the event that management’s beliefs, estimates or opinions, or

other factors, should change.

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