88 Capital Corp. Provides Transaction Update 88 Capital Corp.

88 CAPITAL CORP. PROVIDES TRANSACTION UPDATE

88 CAPITAL CORP.

Suite 800 - 1199 West Hastings Street

Vancouver, British Columbia

V6E 3J5

Vancouver, British Columbia, April 19, 2017 – 88 Capital Corp. (TSX.V: EEC) (the

“Company” or “88 Capital”) has filed its draft filing statement and is working closely with the

TSX Venture Exchange (the “Exchange”) to finalize its fi ling statement and complete the RTO

transaction with Golden Ridge Resources Ltd (“GRR”) as announced on January 31, 2017 (the

“Transaction”). The Company anticipates closing of the transaction in the coming weeks.

In addition to overseeing all regulatory and compliance filings , the Company has progressed its

planning activities for its 2017 diamond drilling program at the Hank Property, located in British

Columbia’s Golden Triangle. Planning a ctivities include but are not limited to: plotting of

drillhole locations, permitting, stakeholder consultation and the selection of quality strategic

contractors in anticipation of the closing of the Transaction. The Company aims to begin drilling

on the Hank Property by mid-Summer 2017.

About the Hank Property

The Hank Property is located in the prolific Golden Triangle of northwest BC, 140 km north of

the town of Stewart and 15 km west of Highway 37 and the new North West Transmission Line.

One hundred and four (104) drill holes totalling 13,709 m were drilled on the property between

1983 and 1993, and trenching, road building, soil sampling and I nduced Polarization (IP)

geophysical surveys were undertaken during that time . The property lay dormant between 1993

and 2014. Since 2014 , GRR has spent approximately $300,000 in exploration work on the

property, including soil sampling, prospecting, geological mapping, airborne magnetic and deep-

seeking 3D IP surveys.

Epithermal style g old-silver m ineralization at the Hank Property occurs in veins and

disseminations associated with broad northeast -trending alteration zones that are hosted

primarily in volcanic rocks of the Upper Triassic Stuhini Group. Rocks of the Stuhini Group are

unconformably overlain by Lower Jurassic rocks of the Hazelton Group on the Property, a

feature which has been highlighted in work by the B.C. Geological Survey as a possible

regional-scale control on significant gold and copper mineralized systems. B oth are intruded by

highly altered Early Jurassic felsic stocks.

Historic drill intercepts from the Lower Alteration Zone (LAZ) on the Hank Property include:

–9.14 m grading 13.4 g/t Au and 132.3 g/t Ag (Hole 88-4)

–0.63 m grading 70.86 g/t Au (Hole 89-4)

–3.40 m grading 16.83 g/t Au (Hole 87-3)

–2.93 m grading 18.27 g/t Au & 132.9 g/t Ag (Hole 88-4)

–1.10 m grading 66.19 g/t Au & 530 g/t Ag (Hole 86-6)

Historic drill intercepts from the Upper Alteration Zone (UAZ) comprise b oth high er-grade

calcite-quartz-sulphide veins and lower-grade disseminated mineralization including:

–12.19 m grading 9.39 g/t Au (Hole 85-32)

–30.48 m grading 3.74 g/t Au (Hole 85-45)

Historic drilling by Lac Minerals in 1985 defined a small, non -NI 43 -101 compliant gold

resource to a maximum depth of 50m within the Upper Alteration Zone (UAZ), containing

269,500 tonnes grading 4.45 g/t Au in a conceptual open pit referred to as the “200 pit” and an

additional 238,000 tonnes grading 2.2 9 g/t Au in a second conceptual pit referred to as the “440

pit”. The concentrations of other significant metals, including silver (Ag), lead (Pb) and zinc

(Zn), within the conceptual pits were not calculated, as they were only selectively analyzed for at

the time . It should be noted thes e estimations precede National Instrument 43-101, are

repeated for historical reference only, are not current, and are not to be relied upon. A

Qualified Person has not done sufficient work to classify the historic estimate as a mineral

resource, and the Company is not treating the historic estimate as a current estimate.

Nevertheless, the historic estimates were completed by competent individuals to the

standard of the day, and are considered to be relevant to future explor ation of the

property.

Completion of the Transaction is subject to a number of conditions, including but not limited to,

Exchange acceptance and GRR shareholder approval. The T ransaction cannot close until the

required shareholder and regulatory acceptance is obtained. Ther e can be no assurance that the

Transaction will be completed as proposed or at all.

On behalf of the Board,

88 Capital Corporation

Elston Johnston, P.Eng

Director & C.E.O