Ardonblue Grants Incentive Options to a Senior Officer/Director

{00226411.3}

ARDONBLUE VENTURES INC.

NEWS RELEASE

Ardonblue Grants Incentive Options to a Senior Officer/Director

Vancouver, British Columbia – October 20, 2017 – Ardonblue Ventures Inc. (the "Company")

(TSX-V: ARB) announces that pursuant to the Company’s stock option plan, it has granted to a

senior officer/director, incentive opti ons for the purchase of up to a maximum aggregate of

500,000 common shares of the Company. 125,000 options are exercisable six months after

the day of the grant and another 125,000 are exercisable every six months thereafter. Subject

to acceptance by the TSX Venture Exchange (“Exchange”), these options have an exercise

price of $0.52 per share and expire on October 20, 2022, but subject to earlier termination in

accordance with their terms of other agreements, which may be in effect from time to time.

As the exercise price of these options has been set above the market price of the Company’s

shares, any shares issued pursuant to the exercise of such options will not be subject to the four

month Exchange hold period that applies to shares issued on exercise of options below the

market price.

On behalf of the Board of Directors,

"Clive Brookes"

Clive Brookes

CEO and Director

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

policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

Suite 1010 – 1130 West Pender Street, Vancouver, BC, Canada V6E 4A4

[email protected] Tel: (604) 408-1990 Fax: (604) 608-4822