Mag Copper Limited Announces Private Placement

MAG COPPER LIMITED

365 Bay Street, Suite 400

Toronto, Ontario, M5H 2V1

NEWS RELEASE

May 25, 2017 CSE: QUE

For Immediate Release Shares Outstanding: 21,856,722

Toronto, Canada

MAG COPPER LIMITED ANNOUNCES PRIVATE PLACEMENT

May 25, 2017 – Mag Copper Limited (the “Company”) (CSE: QUE) is pleased to announce a non -

brokered private placement for gross proceeds of $835,000 through the issuance of 15,181,818

common shares of the Company at a price of $0.055 per common share (the “Offering”).

Prior to the Offering, Medalist Capital Ltd. (“ Medalist”) owned 16,476,129 common shares.

However, as a result of certain equity issuances by the Company pursuant to the Offering , one of

which Med alist participated in purchasing 4,000,000 common shares of the Company , Me dalist’s

interest in the Company has been diluted and, as of the date hereof , it owns an aggregate of

20,476,129 common s hares, representing approximately 55% of the Issuer’s then outstanding

common shares, on a partially diluted basis.

Medalist may, depending on market and other conditions, increase or decrease its beneficial

ownership, control or direction over the c ommon shares or other securities of the Company , through

market transactions, private agreements, treasury issuances, exercise of convertible securities or

otherwise. For further details, please see the early warning report, a copy of which is available on the

Company’s profile on SEDAR at www.sedar.com.

For further information contact:

Chris Irwin

Mag Copper Limited

President & Secretary

Telephone: (416) 361-2516

Facsimile: (416) 361-2519

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or

accuracy of this news release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and

content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes,

etc. Forward -looking statements address future events and conditions and therefore, involve inherent risks and uncertainties.

Actual results may differ materially from those currently anticipated in such statements.

Not for distribution to U.S. news wire services or dissemination in the United States.