Cairo Resources Announces Close of Private Placement

CAIRO RESOURCES INC.

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THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

FOR DISSEMINATION IN THE UNITED STATES

CAIRO RESOURCES ANNOUNCES CLOSE OF PRIVATE PLACEMENT

Vancouver, BC— November 7, 2018 Cairo Resources Inc. (the “ Company ”) (TSX-V: QAI)

announces that it has completed a non-brokered priv ate placement of 300,000 common

shares of the Company at a price of $0.27 per commo n share for gross proceeds of

C$81,000 (the “Offering”).

The Company will apply the proceeds of the Offering towards general working capital

purposes.

All securities issued or issuable under the Offerin g are subject to a four-month hold period

expiring on March 8, 2019 in addition to such other restrictions as may apply under

applicable securities laws in jurisdictions outside of Canada.

There were no finder’s fees paid in connection with the Offering.

On Behalf of the Board of Directors of Cairo Resources Inc.,

“Darryl Cardey”

President & CEO

For further information, please contact:

Darryl Cardey, President & CEO

Tel: 604-638-8063

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.