Venture Exchange: MHI

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

1

CORPORATE UPDATE

Richmond, BC, Canada – December 7, 2017

Further to the Company’s news release dated March 02, 2017 Mineral Hill Industries Ltd. (“Mineral Hill” or

“Company”) wishes to announce that the subscription agreements announced in the above news release were

not executed due to the non-performance of the investors represented by the representatives of the 12

shareholders which are the vendors of 45% of the outstanding shares (the “Shr-Vendors”) of the UK based

CPS Energy Resources Plc (“CPS”). Mineral Hill’s acquisition of the Vendors-Shrs is part of a transaction

governed by an executed Share Purchase Agreement (“SPA”) referred to in the above news release.

The proposed transaction received “conditional acceptance” from TSXV. The “final acceptance” would be

obtained by fulfilling the conditions under the SPA, obligating the Shr-Vendors to arrange a substantial

minimum funding of the private placement (“PP”) referred to in the March 2, 2017 news release which would

provide the Company with sufficient working capital for at least six months subsequent to the final approval.

After several postponements of the PP which would not meet the conditions of the SPA, one of the

representatives of the Shr-Vendors replaced the conditional portion of the Shr-Vendors obligatory funding

commitment and gave assurances and a timeline to the closing of the portion of the PP committed to by the

Shr-Vendors under the SPA. Unfortunately this commitment did not materialize and was again postponed by

the Representative.

The company has notified the representative of the Shr-Vendors that it will now pursue other energy projects

located in the USA, which were initially to be negotiated subsequent to the completion of the proposed Shr-

Vendors transaction, and will pursue the proposed Vendors-Shrs transaction subsequent to receiving the Shr-

Vendors committed PP participation. In the meantime, the Company has also requested to talk directly with

other shareholders of CPS, which so far was denied by the representatives of Shr-Vendors.

The Company seeks Safe Harbor

For further information, please contact:

Dieter Peter

President & CEO Phone: (604) 278-1135

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.