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MSR.V ·

Minsud Announces TSXV Acceptance and Shareholder Approval for the Earn- in Agreement with South32

Property Options & Staking

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TSX-V: MSR

November 15, 2019

Minsud Announces TSXV Acceptance and Shareholder Approval for the Earn-

in Agreement with South32

TORONTO, ONTARIO – Minsud Resources Corp. (TSX -V: MSR) (“Minsud” or the

“Company”) is pleased to announce, further to its press release on November 4, 2019, it has

received TSX Venture Exchange final acceptance and the requisite shareholder approval to

complete the transactions contemplated under the earn -in agreement entered into with

South32 Aluminum (Holdings) Pty Ltd., a wholly-owned subsidiary of South32 Limited.

FOR FURTHER INFORMATION PLEASE CONTACT

Carlos Massa

President and Chief Executive Officer

[email protected]

Mike Johnston

416-479-4466

[email protected]

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:

This news release includes certain information that may constitute forward-looking information

under applicable Canadian securities laws. Forward -looking information includes, but is not

limited to, statements about strategic plans, spending commitments, future operations, results

of exploration, anticipated financial results, future work programs, capital expenditures and

objectives. Forward-looking information is necessarily based upon a number of estimates and

assumptions that, while considered reasonabl e, are subject to known and unknown risks,

uncertainties, and other factors which may cause the actual results and future events to differ

materially from those expressed or implied by such forward-looking information including, but

not limited to: fluctua tions in the currency markets (such as the Canadian dollar, Argentina

peso, and the U.S. dollar); changes in national and local government, legislation, taxation,

controls, regulations and political or economic developments in Canada and Argentina or other

countries in which the Company may carry on business in the future; operating or technical

difficulties in connection with exploration and development activities; risks and hazards

associated with the business of mineral exploration and development (including environmental

hazards or industrial accidents); risks relating to the credit worthiness or financial condition of

suppliers and other parties with whom the Company does business; presence of laws and

regulations that may impose restrictions on mining, including those currently enacted in

Argentina; employee relations; relationships with and claims by local communities; availability

and increasing costs associated with operational inputs and labour; the speculative nature of

mineral exploration and deve lopment, including the risks of obtaining necessary licenses,

permits and approvals from government authorities; business opportunities that may be

presented to, or pursued by, the Company; challenges to, or difficulty in maintaining, the

Company’s title t o properties; risks relating to the Company’s ability to raise funds; and the

factors identified under “Risk Factors” in the Company's Filing Statement dated April 27, 2011.

There can be no assurance that such information will prove to be accurate, as actu al results

and future events could differ materially from those anticipated in such information.

Accordingly, readers should not place undue reliance on forward -looking information. All

forward-looking-information contained in this news release is given as of the date hereof and

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is based upon the opinions and estimates of management and information available to

management as at the date hereof. The Company disclaims any intention or obligation to

update or revise any forward-looking information, whether as a result of new information, future

events or otherwise, except as required by law.

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.