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Golden Reign Signs Investor Relations Agreement

Marketing Announcement

Suite 501 - 595 Howe Street

Vancouver, BC V6C 2T5

Tel: (604) 685-4655 Fax: (604) 685-4675

Toll Free: 1-888-685-4655

October 2, 2017

NEWS RELEASE - #17-10

TSX- V: GRR

GOLDEN REIGN SIGNS INVESTOR RELATIONS AGREEMENT

Golden Reign Resources Ltd. (TSX-V: GRR) (the “Company” or “Golden Reign”) announces the signing of an

investor relations agreement with Adelaide Capital Markets Inc. (“Adelaide Capital”) for the provision of

marketing, investor relations and communications services.

Coordinated marketing and investor relations activities by the Company and Adelaide Capital will build broader

market awareness of Golden Reign and its Nicaraguan gold properties within the retail, brokerage and institutional

investment communities in both North America and Europe.

Adelaide Capital will receive $5,000.00 per month for an initial six-month term, which may be extended by mutual

agreement. In addition, Adelaide Capital has been granted an option to purchase up to 150,000 common shares

of the Company at a price of $0. 35 per share for a period of up to five years, subject to vesting provisions in

accordance with Company’s Stock Option Plan and the policies of the TSX Venture Exchange (the “Exchange”).

The agreement is subject to Exchange approval.

Adelaide Capital, an arms-length company based in Toronto, Ontario, provides marketing, investor relations and

communication services to public companies.

On behalf of the Board,

“Kevin Bullock”

Kevin Bullock, P.Eng.

CEO

About Golden Reign:

Golden Reign Resources Ltd. is a publicly listed (TSX-V: GRR) mineral exploration company engaged in exploring the San

Albino-Murra Property and the El Jicaro Property, both of which are located in N ueva Segovia, Nicaragua.

The Company’s prime objective is to bring its San Albino Gold Deposit into production quickly and efficiently, building

cash flow to further advance a number of its other prospective exploration targets.

The Company’s land package comprises 13,771 hectares (138 km2) of prospective ground for gold and silver mineralization.

Hundreds of historical mines and workings exist within the Corona de Oro Gold Belt, which is approximately 3 kilometres

wide by 20 kilometres long and spans the entirety of the Company’s land package.

For additional information please visit our website at www.goldenreign.com and SEDAR www.sedar.com.

Forward-Looking Statements: Some of the statements contained herein may be considered “forward-looking information”

within the meaning of applicable securities laws. Forward -looking information is based on certain expectations and

assumptions, including the assumption that the Company’s exploration progra m will be successfully completed, and are

subject to known and unknown risks and uncertainties. Such forward-looking information is subject to a variety of risks and

uncertainties which could cause actual events or results to diffe r materially from those reflected in the forward -looking

information, including, without limitation, the risk that satisfactory exploration results will not be obtained, the risk that

exploration results will not translate into the discovery of an economically viable deposit, risks and uncertainties relating to

political risks involving the Company’s exploration and development of mineral properties interests, the inherent uncertainty

of cost estimates and the potential for unexpected costs and expenses, co mmodity price fluctuations, the inability or failure

to obtain adequate financing on a timely basis and other risks and uncertainties. Such information contained herein

represents management’s best judgment as of the date hereof, based on information curre ntly available.

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.