Midnight Sun Mining Closes First Tranche of Private Placement

NOT FOR DISTRIBUTION TO THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES

MIDNIGHT SUN MINING CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT

Vancouver, British Columbia, May 15, 2018 -- Midnight Sun Mining Corp. (the "Company" or

"Midnight Sun") (TSX -V: MMA) has completed the first tranche of its previously announced

non-brokered private placement by issuing 1,371,563 units (the "Units") at a price of $0. 32 per

Unit for gross proceeds of $ 438,900. Each Unit consists of one common share ("Common

Share") in the cap ital of the Company and one -half of one Common Share purchase warrant

("Warrant"). Each full Warrant entitles the holder to purchase one Common Sh are of the

Company for a period of twelve months from closing, at an exercise price of $0.48.

Finder’s fees of $ 18,744 will be paid in cash and 58,575 Finder’s Warrants will be issued in

connection with this tranche of the p rivate placement. Each Finder’s Warrant will entitle the

holder to purchase one common share at a price of $0. 48 for a period of twelve months,

expiring on May 11, 2019.

Insiders of the Company have subscribed for 25,000 Units in this tranche for gross proceeds of

$8,000.

All securities issued pursuant to this tranche, including the Common Shares underlying the

Warrants, are subject to a statutory hold period which expires on September 12, 2018.

The net proceeds of this offering will be used by the Company to fund further exploration work

on its Zambian mineral properties as well as general working capital.

The completion of this private placement remains subject to final acceptance by the TSX

Venture Exchange.

ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.

Brett A. Richards – President and Chief Executive Officer

For Further Information Contact:

Brett A. Richards Al Fabbro

President and Chief Executive Officer Lead Director

Tel: +1 905 449 1500 Tel: +1 604 351 8850

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 NEW RELEASE.

These securities being offered have not been, and will not be, registered under th e United States

Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the

United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities

Act) absent U.S. registratio n or an applicable exemption from the U.S. registration requirements. This

release does not constitute an offer for sale of securities in the United States.