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Vangold Mining Announces Extension and closing of the first tranche of its Private Placement

Financings

VANGOLD MINING CORP.

Suite 1000, 409 Granville Street, Vancouver, B.C., Canada, V6C 1T2

Tel: (778) 945-2940 | Symbol TSX-V: VAN | OTC: VGLDF

NOT FOR DISTRIBUTION OR DISSEMINATION INTO THE UNITED STATES OR THROUGH

U.S. NEWSWIRE SERVICES

Vangold Mining Announces Extension and closing of the first tranche of its Private Placement

September 26, 2018 -- Vancouver, BC – Vangold Mining Corp. (the “Company” or “Vangold”) (TSX-V: VAN),

(USOTC:VGLDF) announces the closing of the first tranche of its non-brokered private placement announced

August 23, 2018. A commission was paid on a portion of the private placement.

On closing the Company issued 5,952,588 common shares at a price of $0.05 per share for gross proceeds of

$297,649.40. A finder’s fee of $9,074.10 was paid. The shares are subject to a four -month hold period from

the closing of the private placement.

Vangold intends to use the proceeds for the acquisition of Intermont Resources LLC, disclosed in the news

released dated August 27, 2018, and for general working capital.

About Vangold Mining Corp.

Vangold Mining Corp is a Canadian-based precious metal mining company whose goal is to acquire significant

exploration opportunities supported by a defined set of geological principals. The Company has a diverse range

of quality projects in Mexico and is now expanding with a massive land package in Nevada, USA. Vangold will

continue to expand its portfolio with near production opportunities that bring value to shareholders by

providing longer term exploration upside and mineral resource growth potential.

ON BEHALF OF THE BOARD OF DIRECTORS

/s/Cameron S. King

President, CEO and Director

For further information contact:

O: + 1-778-945-2940

M: +1 604 499 6545

E: [email protected]

Further information is available on Vangold Mining's website at: www.vangoldmining.com.

Cautionary Statement Regarding Forward Looking Information

This News Release may contain, in addition to historical information, forward -looking statements. These forward -looking

statements are identified by their use of terms and phases such as "believe," "expect," "plan," "anticipate" and similar expressions

identifying forward-looking statements. Investors should not rely on forward -looking statements because they are subject to a

variety of risks, uncertainties and other factors that could cause actual results to differ materially from Vangold's expecta tions,

and expressly does not undertake any duty to update forward -looking statements. These factors include, but are not limited to

the following, limited operating history, proposed exploration and/or drill programs and other factors which may cause the actual

results, performance or achievements of Vangold to be materially different from any future results, performance or achievements

expressed or implied by such forward-looking statements.

NEITHER 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