Golden Reign and Marlin GOLD Enter into Mutual Extension of Non-Binding Letter of Intent to Combine Businesses

GOLDEN REIGN AND MARLIN GOLD ENTER INTO MUTUAL EXTENSION OF NON-BINDING

LETTER OF INTENT TO COMBINE BUSINESSES

VANCOUVER, June 18, 2018 - Golden Reign Resources Ltd. (TSX-V: GRR) (“Golden Reign”), Marlin

Gold Mining Ltd. (TSX-V: MLN) (“Marlin”) and Sailfish Royalty Corp. (TSX-V: FISH) (“Sailfish”) are

pleased to announce that they have entered into an agreement to extend the termination date of the

previously announced non-binding letter of intent (the “LOI”) regarding the business combination of

Golden Reign’s wholly-owned San Albino-Murra Property in Nueva Segovia, Nicaragua and Marlin’s La

Trinidad Mine in Sinaloa, Mexico (see joint press release dated May 14, 2018). The LOI will now

terminate on the earlier of (a) June 29, 2018, (b) enterin g into of the definitive arrangement agreement in

connection with the business combination, and (c) such other date as may be mutually agreed by the

parties in writing. All other terms of the LOI remain in full force and effect, unamended.

About Golden Reign:

Golden Reign Resources Ltd. is a publicly listed (TSX-V: GRR) mineral exploration company engaged in

exploring the San Albino-Murra Property and the El Jica ro Property, both of which are located in Nueva

Segovia, Nicaragua. The company’s prime objective is to bring its San Albino Gold Deposit into

production quickly and efficiently, building cash flow to further advance a number of its other prospective

exploration targets. The Company’s land package comprises 13,771 hectares (138 km2) of prospective

ground for gold and silver mineralization. Hundreds of historical mines and workings exist within the

Corona de Oro Gold Belt, which is approximately 3 kilometres wide by 20 kilometres long and is spanned

by the company’s land package. For additional information please visit our website at

www.goldenreign.com and SEDAR www.sedar.com.

About Marlin Gold

Marlin is a growth-oriented gold and silver mining company focused on the Americas. The company owns

three properties located in Mexico and the USA and a portfolio of royalties. Marlin's priority is to profitably

operate its La Trinidad Mine, conduct further exploration on its other projects and enhance shareholder

value through a strategic relationship with Sailfish Royalty Corp. (TSX-V:FISH). Marlin is backed by a

well-funded investor with a successful track record in the resources sector. The La Trinidad Mine in

Sinaloa, Mexico declared commercial production on No vember 1, 2014 and is one of the highest grade

open pit heap leach gold mines in Mexico.

About Sailfish Royalty

Sailfish is a yield-focussed royalt y company. Sailfish owns the TZ Royalty, which is a 3.5% royalty on

revenues derived from the sale of gold on Eldor ado Gold Corp.’s advanced stage Tocantinzinho gold

project, and also holds a gold stream agreement on the San Albino gold project in Northern Nicaragua.

For further information: Kevin Bullock, Chief Executive Office r, Golden Reign Resources Ltd.,

telephone: (647) 388-1842, e-mail: kevin@goldenre ign.com; Akiba Leisman, Executive Chairman and

Interim CEO, Marlin Gold Mining Ltd., telephone: 203-862-7059, e-mail: [email protected]; and

Cesar Gonzalez, Director and Vice President of Corporate Development, Sailfish Royalty Corp.,

telephone: 230-862-7007, e-mail: [email protected].

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Forward-Looking Statements: Some of the statements contained herein may be considered “forward-

looking information” within the meaning of applicable securities laws. Forward-looking information is

based on certain expectations and assumption that are considered reasonable at the time, however

undue reliance should not be placed on the forward l ooking information as the companies can give no

assurance that they will provide to be correct. As forward-looking st atements address ant icipated future

events and conditions, such forward-looking informati on is subject to a variety of risks and uncertainties

which could cause actual events or results to differ materially from those reflected in the forward-looking

information, including, without limitation, the risk that a Definitive Agreement is not reached and the LOI is

terminated and other risks and uncertainties includi ng those discussed in each company’s disclosure

documents which can be found under each company’s profile at www.sedar.com. None of Golden Reign,

Marlin or Sailfish undertakes any obligation to revise or update any forward-looking information set forth

herein, except as may be required by law.

Neither the TSX Venture Exchange nor its Regulation Se rvices Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts resp onsibility for the adequacy or accuracy of this

release.