Goldplay Exploration Announces Strategic Financing Agreement and Royalty Option Agreements with Sandstorm GOLD Ltd

GOLDPLAY EXPLORATION ANNOUNCES STRATEGIC FINANCING AGREEMENT

AND ROYALTY OPTION AGREEMENTS WITH SANDSTORM GOLD LTD

March 6, 2018, Toronto, Ontario - Goldplay Exploration Ltd. (TSXV: GPLY - the “ Company” or

“Goldplay”), is pleased to announce a strategic financing agreement (“ Agreement”) with Sandstorm

Gold Ltd. (TSX: SAND, NYSE: SAND) (“Sandstorm”).

$900,000 Private Placement

Pursuant to a non-brokered private placement , Sandstorm will purchase 3,000,000 Goldplay common

shares at a price of $0.30 per share (“Private Placement”), on terms identical to Goldplay’s recently

closed and oversubscribed CAN$2.25 million equity financing ( see press release dated February 22,

2018). The proceeds received from this Private Placement will be used for the exploration and

development of Goldplay’s strategic exploration portfolio in the Rosario Mining District and for general

working capital. The Private Placement is subject to certain conditions including, but not limited to, the

approval of the TSX Venture Exchange. On closing, shares issued in the Private Placement will represent

8.8% of Goldplay’s outstanding shares.

1% Royalty/Option Agreements

Goldplay and Sandstorm have also entered into an option agreement and royalty agreement for total

purchase proceeds of up to US$ 2,000,000 + CAN$100,000. Pursuant to these agreements, Sandstorm

has paid Goldplay CAN$100,000 for the option to purchase a 1% net smelter return (NSR) royalty on

Goldplay’s El Habal Project and for a 1% royalty on 4 concessions adjacent to the El Habal Project (the

“Nearby Concessions”) . All of these properties are located in the Rosario Mining District, Sinaloa,

Mexico. Under the terms of the option agreement, Sandstorm can elect to exercise its option and to

purchase up to a total 1% NSR royalty on the El Habal Project by paying Goldplay US$1,000,000 per 0.5%

NSR, for a total option exercise price of US$2,000,000 for a 1% NSR.

Management believes Sandstorm’s investment is a significant milestone for Goldplay, further validating

the Company’s exploration strategy in the Rosario Mining District, Sinaloa, Mexico. Together with

Goldplay’s recently closed and oversu bscribed equity financing, the Company is well financed to

advance its exploration program at the El Habal Project and Nearby Concessions in the highly

prospective Rosario Mining District and to continue to seek opportunities to enhance t he Company’s

property portfolio.

Marcio Fonseca, Goldplay’s Chief Executive Officer, commented: “We are very pleased to conclude this

strategic financing agreement and royalty /option arrangement with Sandstorm. Proceeds from

Sandstorm’s strategic investment will further enable Goldplay to advance exploration on its projects and

realize value for our shareholders."

ON BEHALF OF THE BOARD OF DIRECTORS:

Mr. Marcio Fonseca, President & CEO

Goldplay Exploration Ltd.

Telephone: +1 416.499.0747

Email: [email protected]

About Goldplay Exploration Ltd.

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

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 vicinity 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.

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", "in tend", "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. The forward -looking statements and information i n this press release includes

information relating to the completion of the Private Placement , use of proceeds, and exercise of the 1% NSR

option. 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 express ed 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 AND, ACCORDINGLY, IS SUBJECT

TO CHANGE AFTER SUCH DATE. READER S 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.

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.