Venture Exchange: MHI Frankfurt Xetra: N8Z1/WKN: AODLHP

Trading Symbols:

TSX Venture Exchange: MHI

Frankfurt Xetra: N8Z1/WKN: AODLHP

OTC Market (US): MHIFF

NEWS RELEASE

___________________________________________________________________________________________________________

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

NON-BROKERED PRIVATE PLACEMENT

Richmond, BC, Canada – March 2, 2017

Further to the Company’s news releases dated September 13, 2016 and December 16, 2016, Mineral

Hill Industries Ltd. (“Mineral Hill” or “Company”) wishes to announce that it has received duly

executed subscription agreements for its non-brokered private placement of $900,128 with a total

subscription of 3,000,425 securities units (the “Units”) at $0.30 per Unit. Each Unit will consist of

one common share and one transferable common share purchase warrant (“Warrant”). Each Warrant

is exercisable for three years from the date of issuance at $0.40 during the first year, $0.50 during the

second year and at $0.80 during the third year from the date of issuance. A finder’s fee of $3,855 will

be paid by the Company in connection with the private placement.

The Private Placement, is the conditional first phase of financing in connection with the Company’s

“substantial acquisition” of 45% of the outstanding shares of UK based CPS Energy Resources Plc

(“CPS”), which executed an option agreement with a leading Nigerian Oil and Gas company to

jointly develop the contract area covered by the OPL 236 project in Nigeria (see News release of

April 21, 2016). This first phase of funding represents the Company’s initial working capital and

represents also a requirement of the executed Share Purchase Agreement as well as a precondition of

the secured second phase funding issued as a bond as referred to in the Company’s recent News

Release dated December 5, 2016.

Merfin Management Limited, a private holding company, controlled equally by two trusts, of which

Dieter Peter is President and one of the two trustees, subscribed to 840,500 Units and Infogen

Research Limited, a private company controlled by a relative of Andrew von Kursell, subscribed for

86,000 Units. Dieter Peter is the President and CEO and Andrew von Kursell is a director and

interim CFO of Mineral Hill and such participation would be considered to be a “related party

transaction” as defined under Multilateral Instrument 61-101. The transaction will be exempt from

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

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

Company’s market capitalization.

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