High Grade Silver 12 m at 323 g/t Ag and Additional Gold Results in Surface Channel Sampling at Guacamayo Target Suggests Potential for SE Extension to the San Marcial Resource

High Grade Silver 12 m at 323 g/t Ag and

Additional Gold Results in Surface Channel

Sampling at Guacamayo Target Suggests

Potential for SE Extension to the San Marcial

Resource

VANCOUVER

,

May 22, 2019

/CNW/ -

Goldplay Exploration Ltd. (TSXV: GPLY,

FRANKFURT

:

GPE, OTCQB: GLYXF) ("Goldplay" or the "Company")

is pleased to announce that high grade

silver (Ag) results of

12 m

at 323 g/t Ag have been received at the southeastern limits of the San

Marcial NI 43-101 Resource Area, providing encouragement for extensions to the southeast in the

Guacamayo target. The potential of the San Marcial Project for gold (Au), in addition to silver,

mineralization continues to be enhanced with anomalous silver and gold results received of up to 974

g/t Ag and 2.01 g/t Au over one metre channel samples.

The Guacamayo target is located at the southeastern end (Figures 1 and 2) of the San Marcial NI

43-101 Resource Area (

see News Release dated

7 February 2019

), an area highlighted for potential

resource expansion within the San Marcial Project. The Guacamayo target has been identified in soil

and rock chip sampling as having potential not only for silver but also gold mineralization in the

vicinity of the Resource Area (Figure 3).

The high-grade silver interval of

12 m

at 323 g/t Ag is within a broader zone of

24 m

at 219 g/t Ag

(Table 1). The SMtr-022 trench is located to the SE of the last drill hole in the San Marcial Resource

Area – historical hole SM-05 (Figure 4) – which returned an intersection of

19.6 m

at 282 g/t Ag

from

1.4 m

depth. Consequently, the mineralization in the SMtr-022 trench shows consistency and

hence a continuation to the SE of that high-grade silver mineralization, at surface.

Gold was not analyzed in the historic SM-05 drill hole, so the anomalous gold in SMtr-022 is

unexpected, representing a new mineralized zone not included in the current NI 43-101 resource

estimation. The broad

24 m

silver interval also includes an average of 0.25 g/t Au. Locally, a one

metre interval within the broad silver zone contains a highest grade of 2.01 g/t Au (Table 1). This

result supports the gold discovery announced by Goldplay in the central part (Section 180NW) of the

San Marcial NI 43-101 Resource Area (

see News Release dated

18 September 2018

), hosted by

stockwork style mineralization in the footwall below the silver-bearing breccia.

Goldplay President and CEO

Marcio Fonseca

commented

,

"We are extremely pleased by the

channel sample results from trench SMtr-022 as they indicate the potential for expanding the

resource into the Guacamayo target to the SE of the San Marcial NI 43-101 silver resource area.

Wide mineralization on surface, including high grade silver up to

1m

at 974 g/t Ag, provides further

encouragement for potentially expand the resource.

Our recent exploration has also identified the previously unrecognized gold potential of the San

Marcial Project, with the Nava Zone developing as a pure gold discovery, and the footwall zone

below the San Marcial silver-rich breccia also hosting broad anomalous gold mineralization. This

gold potential is enhanced by trench SMtr-022 with results up to 2.01 g/t Au."

Table 1 Guacamayo Target – Significant Laboratory Results from Trench SMtr-022

Trench

From (m)

To (m)

Interval Width

(m)

Grade Ag

(g/t)

Grade Au

(g/t)

Cut-off grade

Ag (g/t)

SMtr-022

3.0

27.0

24.0

219

0.25

80

including

3.0

5.0

2.0

78

0.43

*

and

10.0

11.0

1.0

142

0.44

*

and

14.0

26.0

12.0

323

0.30

250

including

22.0

23.0

1.0

974

0.18

250

and

24.0

25.0

1.0

305

2.01

*

Channel lengths are measured along each trench commencing at the northern end. All numbers

are rounded. Mineralized zones are calculated allowing for maximum

2 m

of internal waste, using

the stated cut-off grades.

* Au results based on Au>0.4 g/t

Figure 1 Location of Guacamayo Target (5) and San Marcial Resource Area (CNW Group/Goldplay

Exploration Ltd)

Figure 2 Location of Guacamayo Target – at SE Extension of San Marcial Resource Area (CNW

Group/Goldplay Exploration Ltd)

Figure 3 Aerial view - Guacamayo Target and Resource Area (CNW Group/Goldplay Exploration

Ltd)

Figure 4 Location of SMtr-022 Trench – SE Extension of San Marcial Resource Area (CNW

Group/Goldplay Exploration Ltd)

Geological mapping and additional channel sampling are underway to test for further extensions of

the San Marcial NI 43-101 resource along strike to the SE. It is anticipated that further success in

this SE extension zone will lead to drill testing in the recently announced drill program (

see News Release dated

16 May 2019

).

Qualified Person

The scientific and technical data contained in this news release related to the San Marcial Project

was reviewed and/or prepared under the supervision of

Marcio Fonseca

, P.Geo., a non-independent

qualified person to Goldplay Exploration Ltd. who is responsible to ensure that the geological

information contained in this news release is accurate and who acts as "qualified person" under the

National Instrument 43-101 Standards of Disclosure of Mineral Projects.

Quality Assurance Program and Quality Control Procedures ("QA/QC")

Goldplay has implemented QA/QC procedures which include insertion of blank and standard

samples in all sample lots sent to SGS de México, S.A. de C.V laboratory facilities in

Durango,

Mexico

, for sample preparation and assaying. For every sample with results above Ag >100 ppm

(over limits), these samples are submitted directly by SGS de

Mexico

to SGS Canada Inc at

Burnaby, BC

.

About Goldplay Exploration Ltd

.

Goldplay owns a >250 sq. km exploration portfolio in the historical Rosario Au-Ag Mining District,

Sinaloa, Mexico

. Goldplay's current focus includes resource expansion and exploration at the San

Marcial Project, as well as a follow up exploration program at the El Habal Project.

The San Marcial land package consists of 1,250 ha, located south of the

La Rastra

and Plomosas

historical mines and 20 km from the Company's 100% owned El Habal Project in the Rosario Mining

District,

Sinaloa, Mexico

. San Marcial is an attractive, near-surface high-grade silver, lead and zinc

open pit project for which a NI 43-101 resource estimate was completed by Goldplay in early 2019.

It is a low risk resource development stage project, fully permitted for all exploration activities and

with support and authorization by local communities to carry out all necessary work on the project.

San Marcial exhibits significant exploration upside supported by regional exploration programs

completed by previous operators who identified 14 exploration targets similar to San Marcial within

its 100% Goldplay-owned concessions. Some of these exploration targets consist of old shallow

pits, caved shafts and historical underground workings in areas with extensive hydrothermal

alteration, hosted by major regional structures.

The El Habal Project is a drilling stage project. The oxidized gold mineralized zone outcrops along a

series of rolling hills with evidence of historical shallow underground mining along a 6 km long

prospective corridor. The El Habal Project is located near the historical gold-silver Rosario Mine

which reportedly operated for over 250 years. Goldplay's team has over 30 years of experience with

senior roles in exploration, financing, and development in the mining industry, including over ten 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", "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 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.

Mr.

Marcio Fonseca

P. Geo, President & CEO

Goldplay Exploration Ltd.

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

the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of

this press release.

SOURCE

Goldplay Exploration Ltd

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For further information:

+1 (604) 202 3155, Email: [email protected]

CO: Goldplay Exploration Ltd

CNW 12:15e 22-MAY-19