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GSVR.V ·

Vangold Grants Options

Share Capital & Compensation

007986000-00145609; 1

VANGOLD GRANTS OPTIONS

Vancouver, B.C. – May 2 , 2017. Vangold Resources Ltd. (TSX-V: VAN)(OTC:VNGRF)

(“Vangold” or the “Company”) announces that it has adopted the amended and restated

stock option plan (the ”Plan”) approved by shareholders at the annual general meeting held

on April 10, 2017. The Plan is subject to acceptance by the TSX Venture Exchang e and

reserves a fixed 6,784,614 common shares for issuance pursuant to options, less any

common shares reserved for currently outstanding stock options.

The Company has also granted incentive stock options to purchase an aggregate of

4,000,000 common shares of the Company to directors, officers, employees and consultants

of the Company. The options are exercisable at a price of $0.20 for a period of five years,

and are subject to TSXV acceptance of the Plan.

ABOUT VANGOLD

Vangold is a development -stage silver and gold company focused on developing its mining

assets in Guanajuato, Mexico. Vangold is ag gressively pursuing its business plan of

becoming a producer by re-evaluating the potential of the historic El Pinguico Mine,

advancing the development of our surrounding mineral property assets and pursuing growth

through acquisition. Vangold is focused on achieving strong corporate growth and realizing

value for our shareholders.

ON BEHALF OF THE VANGOLD RESOURCES LTD. BOARD OF DIRECTORS

Cameron King MBA, President & CEO

Contact Information

Vangold Resources Inc.

1400-1111 West Georgia Street,

Vancouver BC, V6E 4M3

E: [email protected]

T: +1 778 945 2940

Investor Relations

E: [email protected]

T: +1 778 945 2941

www.vangold.ca

007986000-00145609; 1

Neither the TSX Venture Exchange nor its Regulations 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.