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LALI.V ·

Portofino Commences Exploration Program - Yergo Lithium Brine Project

Exploration Programs

Suite 520 – 470 Granville Street

Vancouver, BC, CANADA V6C 1V5

Telephone: 604-683-1991

Fax: 604-683-8544

www.portofinoresources.com

[email protected]

PORTOFINO

RESOURCES INC.

NEWS RELEASE

PORTOFINO COMMENCES EXPLORATION PROGRAM - YERGO LITHIUM BRINE PROJECT

Vancouver, B.C., March 19, 2019. PORTOFINO RESOURCES INC. (POR: TSX-V) (POT: FSE) (“Portofino” or

the “Company”) is pleased to announce the commencement of a comprehensive field exploration

program at its recently acquired Yergo lithium brine Project, located at the Aparejos salar in the Province

of Catamarca, Argentina (see Press Release dated Feb 28, 2019 for acquisition details).

The 2,932 Hectares Yergo Project encompasses the entire Aparejos salar and is located approximately 20

kilometres south-east of Neo Lithium Corp’s 3Q project, which hosts one of the highest -grade lithium

brine deposits in the world with a measured and indicated resource estimate of 4.01 million tonnes of

lithium carbonate equivalent at an average grade (concentration) of 614 mg/L lithium*.

The current Yergo exploration program comprises geological mapping and surface/near -surface brine

sampling. Mapping work will focus on the nature and extent of the salar deposits and will also include an

examination of the surrounding bedrock geology. Brine sampling will be conducted on any surface waters

encountered and from near-surface brines utilizing hand-augers. Portofino’s geological team is currently

on site and the Company has received the necessary exploration permits for the program. Brine samples

will be shipped to a certified laboratory in Mendoza, Argentina for analysis.

(* Neo Lithium Corp. Technical Report - August 15, 2018 - prepared by Mark King, Ph.D., P.Geo., F.G.C. Ground Water Insight Inc.)

Qualified Person

The technical content of this news release has been reviewed and approved by Andrew J. Turner, B.Sc.,

P.Geol. of APEX Geoscience Ltd., who is the Company’s Geological Consultant and is a Qualified Person as

defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Portofino Resources Inc.

Portofino is a Vancouver -based Canadian company focused on acquiring, exploring and developing

mineral resource projects in the Americas. The Company maintains an interest in several prospective

lithium salar properties located within the world-renowned “Lithium Triangle” in Catamarca, Argentina.

On Behalf of the Board,

“David G. Tafel”

Chief Executive Officer

For Further Information Contact:

David Tafel

CEO, Director

604-683-1991

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.

This news release may contain forward looking statements concerning future operations of Portofino Resources Inc. (the “Company”). All forward-

looking statements concerning the Company’s future plans and operations, including management’s assessment of the Company’s p roject

expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company’s control. Investors are cautioned that

any such statements are not guarantees of future performance and that actual performance and exploration and financial result s may differ

materially from any estimates or projections.