Ardonblue Announces Private Placement

Ardonblue Ventures Inc.

15444 Royal Avenue, White Rock, BC V4B 1N1

Mailing address: PO Box 48838, Bentall Centre Station, Vancouver, BC V7X 1A8

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

NEWS RELEASE

Ardonblue Announces Private Placement

Vancouver, B.C. – June 9, 2017 – Ardonblue Ventures Inc. (the “Company”) (TSX-

V: ARB.H) announces that it will conduct a non-brokered private placement of up to

20,000,000 units at a price of $0.15 per unit to raise proceeds of up to $3,000,000 (the

“Financing”). Each unit will consist of one common share and one common share

purchase warrant, with each warrant entitling the holder to acquire one additional

common share for $0.25 for 24 months from closing, subject to the right of the Company

to accelerate the exercise period of the warrants to 20 days if shares of the Company

have a closing price of $0.50 or higher for ten (10) consecutive trading days.

The proceeds from the private placement will be used to pay debts, to fund the

Company’s initial obligations under its option agreements respecting the Midas and

Empire properties announced on March 15, 2017, and for general working capital. All

shares issued pursuant to the private placement and any shares issued pursuant to the

exercise of warrants will be subject to a four-month hold period from the closing date.

Closing of the proposed financing and the options on the Midas and Empire properties

are subject to acceptance by the TSX Venture Exchange.

On behalf of the Board of Directors

“Clive Brookes”

Clive Brookes

CEO, President and Director

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

defined in the policies of the TSX Venture Exchange) accepts responsibility for the

adequacy or accuracy of this release.

Certain disclosure in this release may constitute forward-looking statements that are

subject to numerous risks and uncertainties relating to Ardonblue’s operations that may

cause future results to differ materially from those expressed or implied by those

forward-looking statements, including its ability to complete the contemplated private

placement. Readers are cautioned not to place undue reliance on these statements.

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR

FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE

DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE

THE SECURITIES DESCRIBED IN IT.