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Management Changes and Corporate Update

Management Changes

918-1030 West Georgia, Vancouver, BC V6E 2Y3

Telephone: 604-628-5616

MK2 VENTURES LTD.

Management Changes and Corporate Update

Vancouver, B.C. July 11, 2018

MK2 Ventures Ltd. (TSXV /NEX: MK .H; the “Company”) is pleased t o announce the

appointment of Garrett Ainsworth as President and Chief Executive Officer (CEO), and Galen

McNamara as Vice President of Exploration & Development. In addition, Mr. Ainsworth has

been appointed to the Board of Directors.

Most recently, Gar rett and Galen worked closely together at NexGen Energy Ltd. where they

spearheaded the technical team’s rapid expansion of the Arrow uranium deposit a nd multiple

high-grade discoveries in the area. For their work, they were co-recipients of the 2018 PDAC Bill

Dennis Award and 2016 Mines and Money Exploration Award. In addition, Garrett was the co-

recipient of the 2013 AMEBC Colin Spence award for his involvement in the discovery of the

Triple R deposit.

Assuming the role of President and CEO, Garrett was most recently Vice President of Exploration

& Development at NexGen where he lead the technical team and all exploration and development

activities. Prior to that, he was the Vice President of Exploration for Alpha Minerals Inc. and

Project Manager for Fission Energy Corp. on the 50/50 joint ventured Patterson Lake South (PLS)

uranium property, where he managed the discovery of the PLS high-grade boulder field to the

drill discovery of several high grade uranium zones, which is now known as the Triple R deposit.

Galen also joins the Company from NexGen where he served in increasing roles from geologist

to Senior Project Manager and managed all facets of exploration in the field. Prior to that Galen

co-founded a successful exploration consulting business and managed surface explorat ion at a

producing gold mine property.

In connection with the new management appointments, the Company will be pursuing the

evaluation and acquisition of mineral development assets with a focus on copper and a graduation

to the TSX Venture Exchange. Interested parties are invited to submit available mineral properties

for review.

The Company currently has cash on hand of approximately $1.5M.

In connection with the appointment of Garrett Ainsworth, Mr. Hani Zabaneh has stepped down

as CEO. He remains on the Board of Directors. The Company thanks Mr. Zabaneh for his

commitment as CEO.

918-1030 West Georgia, Vancouver, BC V6E 2Y3

Telephone: 604-628-5616

In connection with the management changes, the Board of Directors has approved the grant of

2,050,000 incentive stock options to directors, officers and consultants of the Company. The

options vest immediately, and are exercisable at a price of $0.30 for a period of 36 months.

On Behalf of the Board of Directors

ON BEHALF OF THE BOARD

“Garrett Ainsworth”

President and Chief Executive Officer

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 release.