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LALI.V ·

Portofino Grants Options

Share Capital & Compensation

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 GRANTS OPTIONS

Vancouver, B.C., December 29, 2017. PORTOFINO RESOURCES INC. (POR: TSX-V) (POT: FSE) (“Portofino”

or the “Company”) announces that in compliance with the Company’s Stock Option plan, the Board of

Directors has granted 1,600,000 options exercisable for up to 5 years at $0.12 to certain directors, officers

and consultants of the Company.

About Portofino Resources Inc.

Portofino is a Vancouver, Canada based company focused on acquiring, exploring and developing mineral

resource projects in the Americas. The Company has recently executed agreements pursuant to several

prospective lithium salar properties encompassing approx. 14,000 hectares 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.