Orestone Announces Share Consolidation

News Release

TSX-V: ORS

2017-03

August 29, 2017

For further information contact: David Hottman at 604-629-1929  [email protected]

407 – 325 Howe Street, Vancouver, BC V6C 1Z7, Canada  Phone: 604-629-1929  Fax: 604-629-1930  www.orestone.ca

ORESTONE ANNOUNCES SHARE CONSOLIDATION

Orestone Mining Corp. (TSX Venture Exchange –Symbol: ORS) (“Orestone” or the “Company”) is pleased to

announce that the TSX Venture Exchange (the “TSX-V”) has approved the Company’s share consolidation (the “Share

Consolidation”) on the basis of one (1) post -consolidation common share for every five (5) pre -consolidation common

shares.

Effective as of the opening of markets on Tuesday, August 29, 2017, the Company will commence trading on the TSX-

V on a consolidated basis. The post -consolidated common shares of the Company will be assigned a new CUSIP

number of 686154303 (ISIN CA6861543032). Management anticipates that the Share Consolidation wi ll benefit the

Company by increasing investor interest, improving trading liquidity and improving the Company’s ability to raise

additional capital at a higher price per common share.

As at the date hereof, there are an aggregate of 37,772,233 common shares issued and outstanding. It is expected that,

upon completion of the Share Consolidation, there will be an aggregate of approximately 7,554,446 common shares

issued and outstanding.

Orestone Mining Corp. is a Canadian -based company that controls a p ortfolio of gold -copper exploration targets in

British Columbia, Canada. For more information please visit: www.orestone.ca

ON BEHALF OF ORESTONE MINING CORP.

“David Hottman”

President and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts

responsibility for the adequacy or accuracy of this news release.