The securities being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to U.S. persons without registration or applicable exemption from the registration requirement of such Act. This rele

Trading Symbols:

TSX Venture Exchange: MHI

Frankfurt: N8Z1/WKN: AODLHP

OTC Market (US): MHIFF

NEWS RELEASE

HO:

#170- 422 Richards Street, Tel : 604-617-6794

Vancouver, BC, Canada, V6B 2Z4 Fax:604-568-9844

www.MineralHill.com Email:[email protected]

1

The securities being offered have not been, nor will be, registered under the United States Securities

Act of 1933, as amended, and may not be offered or sold in the United States or to U.S. persons without

registration or applicable exemption from the registration requirement of such Act. This release does

not constitute an offer for sale of such securities in the United States of America.

Vancouver, BC, Canada – May 1, 2018

Non-Brokered Private Placement

Further to the Company’s news release dated February 21, 2018 Mineral Hill Industries Ltd.

(“MHI” or the “Company”) and after receiving “Conditional Acceptance” from the TSX Venture

Exchange (“TSX-V”) for its proposed transaction wishes to announce that it will use its best

efforts to sell by private placement (PP1805) of up to 5,000,000 million securities units at $0.30

per securities unit (“Unit”) for total proceeds of up to Cdn$1,500,000. Each Unit consist of one

common share of the Company at a price of Cdn$0.30 per Unit and one transferable common

share purchase warrant (“Warrant”). Each Warrant will entitle the holder to purchase, for a

period of two (2) years from the date of issue, at an exercise price of Cdn$0.50 per Warrant

Share during the first year and Cdn$1.00 per Warrant Share during the second year.

The Warrants issued under PP1805 may be executed in phases but all Securities issued

pursuant to this private placement are subject to a four-month hold period following the closing

date. The proceeds from the private placement will be used towards its development program

for the to be acquired Leasehold Estate oil & gas wells and partially finance the company's

continuing capital program and for general corporate purposes including partial repayment of

its outstanding cash advances.

Certain directors and officers of the Company may acquire units under the private placement.

Any such participation would be considered to be a “related party transaction” as defined under

Multilateral Instrument 61-101 (“MI 61-101”). The transaction will be exempt from the formal

valuation and minority shareholder approval requirements of MI 61-101 as neither the fair

market value of any units issued to or the consideration paid by such persons will exceed 25%

of the Company’s market capitalization. This private placement is subject to regulatory

approval.

MHI will pay a finder’s fee in connection with the private placement on the portion of the total

proceeds which will be raised from non-related parties.

The Company seeks Safe Harbor

For further information, please contact: Dieter Peter. President & CEO Phone: (604) 617-6794

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.