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Carmax Announces Decision Date FOR Judicial Review Regarding Mineral Claims

Corporate Updates

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142 – 1146 Pacific Blvd.,

Vancouver, BC V6Z 2X7

Tel: (604) 620-7737

www.carmaxmining.com

NEWS RELEASE

TSX.V: CXM April 5, 2017

CARMAX ANNOUNCES DECISION DATE FOR JUDICIAL REVIEW REGARDING MINERAL CLAIMS

April 5, 2017, Vancouver, British Columbia – Carmax Mining Corp. (th e “Company”) (TSX.V: CXM)

would like to announce it has been advised by its legal counsel that on April 7 th, 2017 the Honourable

Justice Schultes will be delivering an oral decision on the claim made by certain petitioners’ challenging the

Gold Commissioners decision to reinstate Carmax’s claim #1034634 (see news release dated July 19,

2016).

The Company will promptly issue a news release after the decision is delivered.

About Carmax

Carmax is a Vancouver-based Canadian company engaged in exploration for porphyry copper -gold-

molybdenum deposits in northwestern British Columbia.

Visit www.carmaxmining.com to view the Company’s profile or contact Jevin Werbes or Judy A. McCall at

604-620-7737.

“Jevin Werbes”

___________________________

Jevin Werbes, President & CEO

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

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

This news release 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. The securities described in this news release have not been and will not be registered under the United States

Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold wi thin the

United States or to U.S. Persons unless registered under the U.S. Secu rities Act and applicable state securities laws or an exemption

from such registration is available. This news release is not for distribution in the United States or over United States newswires.

Cautionary Statement on Forward Looking Statement

Certain information contained in this news release, including information as to our strategy, projects, plans or future financial or operating

performance and other statements that express management’s expectations or estimates of future performance, constitute “f orward looking

statements”. Actual results may differ materially from those indicated by such statements. All statements, other than histo rical fact, included

herein, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove

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to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking

information in this news release includes, but is not limited to, statements about the continued process and positions that will be taken when the

Supreme Court of British Columbia proceedings are heard.

In connection with the forward -looking information contained in this news release, Carmax has made numerous assumptions. Wh ile Carmax

considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and conti ngencies.

Additionally, there are known and unknown risk factors which could cause Carmax’s actual results, performance or achievements to be

materially different from any future results, performance or achievements expressed or implied by the forward -looking information contained

herein.

A more complete discussion of the risks and uncertainties facing Carmax is disclos ed in Carmax's continuous disclosure filings with Canadian

securities regulatory authorities at www.sedar.com. All forward -looking information herein is qualified in its entirety by this cautionary

statement, and Carmax disclaims any obligation to revise or update any such forward -looking information or to publicly announce the result of

any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by

law.