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IZZ.V ·

OR TO U.S. NEWS AGENCIES INTERNATIONAL PROSPECT VENTURES LTD. 2864 chemin Sullivan

Corporate Updates

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES

OR TO U.S. NEWS AGENCIES

INTERNATIONAL PROSPECT VENTURES LTD.

2864 chemin Sullivan

Val-d’Or, Québec J9P 0B9

819.824.2808 (main)

819.824.3379 (fax)

[email protected]

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INTERNATIONAL PROSPECT VENTURES ANNOUNCES

ANNUAL SHAREHOLDER MEETING RESULTS & OPTION GRANTS

Val-d’Or, Québec, June 17, 2019 — International Prospect Ventures Ltd. (TSX -V:IZZ) (the

“Company”) announces the results of its annual general meeting of shareholders held in Montr éal,

Québec, on June 17, 2019.

At the me eting shareholders elected five incumbent directors, being Dr. Scott Jobin- Bevans, Glenn J.

Mullan, Andrew T. Pepper, Dr. Robert I. Valliant and Dr. C. Jens Zinke. Shareholders appointed MNP

LLP as the Company’s auditor for the ensuing year.

Following the shareholder meeting, the Board reconstituted its Audit Committee and its Compensation

and Corporate Governance Committee. The Board also appointed officers for the ensuing year as

follows:

President & Chief Executive Officer: Glenn J. Mullan

Chief Financial Officer & Corporate Secretary: Rico De Vega

Vice President, Exploration: Scott Jobin-Bevans

The Company’s Board has granted incentive stock options to its directors, officers, employees and

consultants entitling the purchase of an aggregate 450,312 common shares at a per share price of $0.16

for a period of five years.

For additional information, please contact:

Glenn J. Mullan

President & Chief Executive Officer

2864 chemin Sullivan

Val-d’Or, Québec J9P 0B9 Tel.: 819-824-2808, x204

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 generally, 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, su ch statements are not guarantees of future

performance and actual results or realities may differ materially from those in forward looking statements. Forward looking

statements are based on the beliefs, estimates and opinions of the Company’s management o n 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.

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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 news 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.