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ESK.V ·

Drilling Begins for Eskay -style Precious Metals Targets at Eskay Mining Corp.’s SIB Property

Exploration Programs

1

82 Richmond Street East

Toronto, ON M5C 1P1

T: 416 907 4020

E: [email protected]

W: eskaymining.com

NEWS RELEASE

FOR IMMEDIATE RELEASE: JULY 11, 2018

Drilling Begins for Eskay -style Precious Metals Targets at

Eskay Mining Corp.’s SIB Property

Toronto, July 11, 201 8 – Eskay Mining Corp. (“Eskay” or the “Company”) (TSX -V:ESK)

(OTC-PK: ESKYF) (Frankfurt: KN7; WKN: A0YDPM) is pleased to announce that diamond

drilling is underway on its 4,400 hectare SIB property in northwestern British Columbia, Canada.

The 7,000 to 9,000 meter drill program is the second of a planned three season program in

which SSR Mining Inc. has committed to spend $4.0 million this season (for further information

on the option agreement with SSR, see the Company’s Press Release dated April 26, 2017) .

The 2018 SIB property drill campaign will further test prospective volcanic rocks that were

successfully intersected beneath the Coulter Creek Thrust Fault (CCFT) in last season’s

program (see the Company’s Press Release dated August 2, 2017 and January 22, 2 018).

These rocks bear strong similarities to host rocks to the world -class precious metals enriched

VMS deposits mined between 1994 and 2008 at the nearby Eskay Creek mine, which lies less

than 7 km along trend to the north. They also host encouraging a lteration and local

mineralization and appear to extend to the west and south of the 2017 drill holes, at depths

which are within reach of diamond drills ( see the Company’s Press Release dated January 22,

2018). Potential for Eskay-style discoveries on the SIB property therefore remains high, and the

area will be systematically drill-tested this season by widely-spaced drill holes.

Charles J. Greig, P . Geo., a member of the Company’s Advisory Team, is a Qualified Person

under the definition of National Instrument 43-101. Mr. Greig has reviewed and approved the

technical information in this press release.

For further information regarding the SIB Property, see the Company’s Press Releases of

October 17, 2016, August 8, 2016, May 9, 2016 and January 23, 2013.

About Eskay Mining Corp:

Eskay Mining Corp (TSX-V:ESK) is a TSX Venture Exchange listed company, headquartered in

Toronto, Ontario. Eskay is an exploration company focused on the exploration and development

of precious and base metals in British Columbia in a highly prolific, poly metallic area known as

the Eskay Rift Belt located in the “Golden Triangle”, 70km northwest of Stewart, BC. The

Company currently holds mineral tenures in this area comprised of 177 claims (130,000 acres).

All material information on the Company may be found on its website at www.eskaymining.com

and on SEDAR at www.sedar.com.

2

82 Richmond Street East

Toronto, ON M5C 1P1

T: 416 907 4020

E: [email protected]

W: eskaymining.com

For further information, please contact:

Mac Balkam T: 416 907 4020

President & Chief Executive Officer E: [email protected]

Neither the TSX V enture Exchange nor its Regulation Services Provider (as that term is

defined in the policies of the TSX V enture Exchange) accepts responsibility for the adequacy

or accuracy of this release.

Forward-Looking Statements: This Press Release contains forward -looking statements that

involve risks and uncertainties, which may cause actual results to differ materially from the

statements made. When used in this document, the words “may”, “would”, “could”, “will”,

“intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are

intended to identify forward -looking statements. Such st atements reflect our current views with

respect to future events and are subject to risks and uncertainties. Many factors could cause our

actual results to differ materially from the statements made, including those factors discussed in

filings made by us with the Canadian securities regulatory authorities. Should one or more of

these risks and uncertainties, such as actual results of current exploration programs, the general

risks associated with the mining industry, the price of gold and other metals, cur rency and

interest rate fluctuations, increased competition and general economic and market factors, occur

or should assumptions underlying the forward looking statements prove incorrect, actual results

may vary materially from those described herein as in tended, planned, anticipated, or expected.

We do not intend and do not assume any obligation to update these forward -looking statements,

except as required by law. Shareholders are cautioned not to put undue reliance on such forward -

looking statements.