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IZZ.V ·

OR TO U.S. NEWS AGENCIES 1 2864 chemin Sullivan

Corporate Updates

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES

OR TO U.S. NEWS AGENCIES

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2864 chemin Sullivan

Val-d’Or, Québec J9P 0B9

819.824.2808 (main)

819.824.3379 (fax)

[email protected]

Uranium Valley Mines Changes Name to International Prospect Ventures Ltd.

Concurrent with Graduation from NEX to TSX-V Tier 2

Val-d’Or, Québec – October 26, 2017 – Uranium Valley Mines Ltd. (NEX:VZZ.H) (the “Company”)

is pleased to announce that it has changed its name to International Prospect Ventures Ltd. In addition,

the Company has also received Exchange acceptance for its common shares to graduate from NEX and

commence trading on Tier 2 of the TSX Venture Exchange.

Effective on or about Friday, October 27, 2017, the Company’s common shares will commence trading

on Tier 2 of the TSX Venture Exchange under the trading symbol ‘IZZ’.

About International Prospect Ventures Ltd.

The Company is a junior natural resource issuer involved in the process of exploring, evaluating and

promoting its mineral property interests. The Company owns a 100% interest in the Porcupine Miracle

Prospect consisting of four mineral claims located in Langmuir Township in the province of Ontario ; a

40% interest in the Beartooth Island Prospect located in the Athabasca Basin in the province of

Saskatchewan, which is the subject of an agreement with Ditem Explorations Inc. and of which Ditem is

the operator; and a 100% interest in the Otish and Mistassini Prospects located in the North central region

of the province of Québec . The Company is also in the process of identifying and evaluating other

mineral property opportunities in Canada and internationally.

For additional information, please contact:

Glenn J. Mullan, Chief Executive Officer

Telephone: (819) 824-2808 - Head Office

(514) 835-8384 - cell phone

Email: [email protected]

Forward Looking Statements:

This news release contains certain statements that may be deemed “forward -looking statements. Forward

looking statements are statements that are not historical facts and are ge nerally, but not always, identified

by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential”

and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.

Although the Company believes the expectations expressed in such forward -looking statements are based

on reasonable assumptions, such statements are not guarantees of future performance and actual results or

realities may differ materially from those in forward l ooking statements. Forward looking statements are

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based on the beliefs, estimates and opinions of the Company’s management on the date the statements are

made. Except as required by law, the Company undertakes no obligation to update these forward -looking

statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR

DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED

STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN

OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED

STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED

UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE

SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR

TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.