Midnight Sun Mining Completes Private Placement

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

MIDNIGHT SUN MINING COMPLETES PRIVATE PLACEMENT

Vancouver, British Columbia, May 30, 2018 -- Midnight Sun Mining Corp. (the "Company" or

"Midnight Sun") (TSX -V: MMA) has completed the second and final tranche of its previously

announced non-brokered private placement by issuing 2,082,400 units (the "Units") at a price

of $0. 32 per Unit for gross p roceeds of $666,368. 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 Share of

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

Finder’s fees of $24,960 will be paid in cash and 78,000 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 28, 2019.

Insiders of the Company have subscribed for 782,400 Units in this tranche for gross proceeds of

$250,368.

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 29, 2018.

In total, the Company issued 3,453,963 Units for gross proceeds of $1,105,268. Finder’s fees of

$43,704 will be paid in cash and 136,575 Finder’s Warrants will be issued in connection with the

Private Placement.

In total, Insiders of the Company purchased 807,400 Units for gross proceeds of $258,368.

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 h ave not been, and will not be, registered under the 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. registration 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.