BLUE AQUA Completes Plan of Arrangement with Monterey Minerals Inc. and Issues Shares in Furtherance and to Effect of the Plan of Arrangement

BLUE AQUA HOLDINGS LTD.

c/o 5728 EAST BOULEVARD

VANCOUVER, BRITISH COLUMBIA

V6M 4M4

NEWS RELEASE

BLUE AQUA Completes Plan of Arrangement with Monterey Minerals Inc. and Issues

Shares in Furtherance and to Effect of the Plan of Arrangement

Vancouver, B.C., June 21, 2018 – Blue Aqua Holdings Ltd. (the “Company” or “Blue Aqua”) is

pleased to announce that it has now completed the plan of arrangement between Monterey

Minerals Inc. (“Monterey”) and the Company (the “Arrangement”) effective as of June 12, 2018.

Pursuant to the Arrangement and as a result of said completion, the Company has bec ome a

reporting issuer in the provinces of Alberta and British Columbia . Pursuant to the Arrangement,

the Company will issue shares effective as of June 12, 2018 to Monterey shareholders of record as

of April 18, 2018. Blue Aqua’s ISIN is “CA09524E1079” and its CUSIP is “09524E107”.

The Company had r eceived the final order from the Supreme Court of British Columbia on

November 29, 2016 to effect the Arrangement on or after November 29, 2016. The Arrangement

is pursuant to an arrangement agreement entered into between Monterey and each of Monterey’s

wholly-owned subsidiaries , including : Blue Aqua (formerly known as 1093684 B.C. Ltd.),

1093681 B.C. Ltd., 1093682 B.C. Ltd., and 1093683 B.C. Ltd. Under the Arrangement, the

effective date for the Arrangement can be set separately as between Monterey and each of the other

parties to the Arrangement. Pursuant to the Arrangement, the effective date for the Arrangement

as between Monterey and the Company was set for June 12, 2018. Further information regarding

the Arrangement can be found on Monterey’s SEDAR profile at www.sedar.com.

Blue Aqua wa s incorporated on October 19, 2016 and its fiscal year end is September 30 th.

Furthermore, Blue Aqua changed its name from “1093684 B.C. Ltd. ” to “Blue Aqua Holdings

Ltd.” on March 28, 2018.

For further information please contact:

BLUE AQUA HOLDINGS LTD.

Ronald Ozols, CEO, CFO and Director

E-mail: [email protected]

Forward-Looking Information: This press release may include forward -looking information within the meaning of Canadian

securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations

and assumptions made by the management of the Company . Although the Company believes that the expectations and

assumptions on which such forward-looking information is based on are reasonable, undue reliance should not be placed on the

forward-looking information because the Company can give no assurance that they will prove to be correct. Forward -looking

statements contained in this press release are made as of the date of this press releas e. The Company disclaims any intent or

obligation to update publicly any forward -looking information, whether as a result of new information, future events or results

or otherwise, other than as required by applicable securities laws.