Mineral Hill Evaluates Favourable Report ON Potential Nigerian Oil Acquisition

Trading Symbols:

TSX Venture Exchange: MHI

Frankfurt : N8Z1/WKN: AODLHP

OTC Market (US): MHIFF

NEWS RELEASE

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Mineral Hill Industries Ltd.

-Mayfield Business Centre- Ph: 604-278-1135

#1140–13700 Mayfield Place, Fx: 604-278-1139

Richmond, BC, V6V 2E4 Email: [email protected]

Canada www.mineralhill.com

MINERAL HILL EVALUATES FAVOURABLE REPORT ON

POTENTIAL NIGERIAN OIL ACQUISITION

Richmond, BC, Canada – August 15, 2017

Mineral Hill Industries Ltd. (“Mineral Hill” or “Company”) is pleased to report that its proposed

future exploration partner, CPS Energy Resources Limited (“CPS”), has updated its shareholders on its

to be developed OPL-236-project.

CPS is a UK incorporated private company of which Mineral Hill has executed Share Purchase

Agreement with existing shareholders of CPS (“SPA”) to acquire 45% of CPS’ outstanding shares and

Mineral Hill has also negotiated the irrevocable Right of First Refusal to acquire additional 8% of the

outstanding shares of CPS held by two CPS shareholders (see the Company’s announcement of January

16, 2017).

CPS announced, in particular, certain findings of a major study undertaken by a qualified integrated

energy services company (“QIESC”) as a “Competent Persons Report” or CPR to be updated to comply

with NI 51-101 and COGE Handbook standards.

QIESC used data and reports which included the following; seismic database in an HIS Kingdom project,

an asset evaluation report from 2010, a drilling report from 1988, a geological study of OML 48, a

petrophysical review of the block undertaken in 2007.

CPS Energy Resources entered into an option agreement to jointly develop the contract area covered

by OPL 236. After commercial, technical and legal due diligence, CPS has exercised its option to acquire

an 80.75% participating interest in the production sharing agreement for OPL 236 subject to receipt of

ministerial and corporate consent including final regulatory approval , further to which full asset

transfer shall take place.

The SPA necessitates that the above mentioned QIESC report will be updated with a full “NI-51-101”

report before the final approval of the Acquisition by the TSX-V.

The Company seeks Safe Harbor

For further information, please contact:

Dieter Peter, President & CEO Phone: (604) 278-1135

#1140–13700 Mayfield Place, Richmond, BC, Canada V6V 2E4

Email: [email protected]

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 release.