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Vangold Mining Announces the Grant of Stock Options

Share Capital & Compensation

VANGOLD MINING CORP.

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

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

Vangold Mining Announces the Grant of Stock Options

July 23, 2018 -- Vancouver, BC – Vangold Mining Corp. (the “ Company” or “ Vangold”) ( TSX-V: VAN),

(USOTC:VGLDF) the Company announces that, in accordance with the terms of the Company’s stock option

plan approved at the Company’s Annual General Meeting held April 17, 2018, during the month of June, 2018

the Company has granted an aggregate of 4,300,000 common shares to director s, officers, employees and

consultants of the Company. The options are exercisable at a price of $0.10 per share for a period of five years.

About Vangold Mining Corp.

Vangold is a development -stage s ilver and gold company with ten mining concessions in the Guanajuato,

Mexico Mining District. Vangold is targeting the El Pinguico and Veta Madre epithermal vein structures that

have been the source ore body for the El Pinguico mine its production plans by bringing the historic El Pinguico

mine back online. Having an acquisition focus, targeting advanced mineral properties and the pursuit of near

production opportunities will continue to fuel our growth.

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 ma terially from Vangold's expectations,

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