Goldplay Exploration Announces Completion of Ground Geophysical Surveys and Delineation of New Drilling Targets at El Habal

GOLDPLAY EXPLORATION ANNOUNCES COMPLETION OF GROUND GEOPHYSICAL SURVEYS AND

DELINEATION OF NEW DRILLING TARGETS AT EL HABAL

April 5, 2018, Vancouver, BC - Goldplay Exploration Ltd. (TSXV: GPLY - the “Company” or “Goldplay”), is

pleased to announce completion of the first ground geophysical survey at the Company’s 100% owned El

Habal Project, located in the historic (gold-silver) Rosario Mining District, Sinaloa, Mexico. The results of

the CSMAT1 and ground magnetics surveys have delineated 15 new drill targets at El Habal, (see Figure

01).

Goldplay contracted Geofisica TMC to complete a 27 -line CSMAT and a magnetic ground geophysical

survey; consisting of 100m-line spacings and 409 total stations, over the 1.5 km known mineralized trend

at El Habal. The geophysical surveys are the first ever carried out on the property and their results confirm

anomalous zones previously identified by historical drilling results and nearby shallow historical

underground workings (see Figures 02 and 03).

The surveys ha ve also identified several resistive geophysical anomalies that correlat e with anomalous

surface trenching results and structural trends mapped in the 2017 exploration program completed by

Goldplay.

Goldplay’s technical team is high ly experienced in studying epithermal and intrusive -related geological

settings, with over 10 years of experience in the Rosario Mining District, and whose track record includes

the discovery of the (currently operating) Trinidad open pit gold mine in the Rosario Mining District.

The nature and magnitude of the geophysical resistivity anomalies below the shallow underground

workings are positive features illustrating the exploration potential of El Habal Project and with merit for

further work. Goldplay is current ly preparing a drilling program for Q2/2018. The program will test

continuity of the shallow and deep mineralization mapped on surface , combining geological mapping,

trenching, surface rock channel sampling, geophysics and 3D modelling.

Management believes that the completion of the first modern ground geophysical surveys at the El Habal

Project is a significant milestone for Goldplay, validating the Company’s exploration strategy to apply

modern technology together with detailed geological/structural mapping to define the geological setting

and geometry of mineralization at the El Habal Project in the highly prospective Rosario Mining District.

Marcio Fonseca, Goldplay’s Chief Executive Officer, commented: “We are very satisfied with the results

of the ground geophysical survey program, supporting our exploration strategy to create a solid

foundation for drill target generation to advance exploration on the El Habal Project."

1. Controlled source audio frequency magnetotellurics (“ CSMAT”) is a commonly used surface -based

geophysical method, which provides resistivity information of subsurface geology. The main benefit of

the CSMAT method is its significant capacity for depth penet ration. High quality data, good lateral

resolution, cost -effectiveness and relative ease of interpretation for mineral deposits associated with

regional structures have made CSMAT an effective geophysical technique for modern exploration of

multimillion ounce epithermal deposits worldwide (ex: Veladero -Barrick Gold- Argentina, Salares Norte

– GoldFields -Chile).

The Qualified Person under National Instrument 43 -101 Standards of Disclosure for Mineral Projects for

this news release is Marcio Fonseca, President and CEO for Goldplay, who has reviewed and approved its

contents.

About Goldplay Exploration Ltd.

Goldplay Exploration Ltd. (TSX-V: GPLY) is an exploration-stage company with a strategic portfolio in the

Rosario Mining District, Sinaloa, Mexico. Goldplay is currently focused on advancing exploration activities

including drilling for its 100%-owned El Habal Project.

Goldplay’s flagship El Habal Project is a low sulphidation epithermal exploration-stage project. The Project

is located in the vicinit y of the historical Au -Ag Rosario Mine (“Rosario Mine”). The Rosario Mine

reportedly operated for 250 years . Goldplay’s team has over 30 years’ experience with senior roles in

exploration, financing and development in the mining industry, including over 10 years of extensive

exploration experience in the Rosario Mining District, leading to previous successful discoveries. A current

NI 43-101 report on The El Habal Project is filed on SEDAR.

El Habal is an exploration project and it does not contain any mineral resource estimates as defined by NI

43-101.

Historic drill intersection is reported as drilled thickness. True widths of the reported interval is unknown.

Goldplay is providing the historical data for informational purposes only. Goldplay has not completed any

quality control assurance program to the historical data. Although the Company believes that the work

was completed by competent persons to the standards of the day, the Company cautions the reader that

the drill results are historical in nature and have yet to be verified by the Company’s “Qualified Person”

under NI 43-101.

Disclaimer for Forward-Looking Information

This press release contains forward-looking statements and information that are based on the beliefs of management

and reflect the Company’s current expectations. When used in this press release, the words "estimate", "project",

"belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such

variations thereon or comparable terminology are intended to identify forward-looking statements and information.

Such statements and information reflect the current view of the Company. Risks and uncertainties that may cause

actual results to differ materially from those contemplated in those forward-looking statements and information. By

their nature, forward- looking statements involve known and unknown risks, uncertainties and other factors which

may cause our actual results, performance or achievements, or other future events, to be materially different from

any future results, performance or achievements expressed or implied by such forward- looking statements. THE

FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE

COMPANY AS OF THE DATE OF THIS PRESS RELEASE AN D, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH

DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD

NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE GOLDPLAY MAY ELECT TO, IT DOES NOT

UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE

WITH APPLICABLE LAWS.

Mr. Marcio Fonseca, For Further Information:

P.Geo, President & CEO Contact: +1 (604) 202 31 55

Goldplay Exploration Ltd. Email: [email protected]

Website: www.goldplayexploration.com

999 West Hastings Street, Suite 900

Vancouver, British Columbia V6C 2W2

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Figure 01 – CSMAT Geophysical Survey Map – El Habal Project – 15 new exploration targets. Location of

Historical Drill Hole EH-5 in anomalous zone and near 2017 channel & trenching results

Figure 02 – 2D Section – Location of Historical Drill Hole EH-05 near CSMAT anomaly at depth.

Figure 03 – 3D Block Diagram High Resistivity Anomalous Zone at El Habal Surveyed Area– Location of

Historical Drill EH-5 results near CSMAT anomaly at depth.