Stichting Depositary Plethora Precious Metals Fund Reports Equity Interest in Pacific Empire Minerals Corp.

PRESS RELEASE

FOR IMMEDIATE RELEASE

Stichting Depositary Plethora Precious Metals Fund Reports Equity Interest in

Pacific Empire Minerals Corp. (TSXV: PEMC)

Amersfoort, Netherlands – May 23, 2019 – Stichting Depositary Plethora Precious Metals Fund

(“Plethora”) announces that on May 22, 201 9 it acquired 2,000,000 Units (herein defined) of

Pacific Empire Minerals Corp. (the “Company”) at $0.07 per Unit pursuant to a private placement

for aggregate gross proceeds of $ 140,000 (the “Acquisition”). Each “Unit” acquired consists of

one common share in the Company (a “Share”) and one common share purchase warrant in the

Company (a “Warrant”). Each whole Warrant entitles the holder to acquire one Share for $0.14

until May 22, 2022.

Prior to this Acquisition, Plethora owned or controlled 2,000,000 Shares and 1,000,000 Warrants

representing 8.83% of the Company’s issued and outstanding Shares on a partially diluted basis.

On an undiluted basis, Plethora’s ownership before the Acquisition represented 6.45% of the

Company’s issued and outstanding Shares. Following the Acquisition, Plethora now owns or

controls an aggregate 4,000,000 Shares and 3,000,000 Warrants, representing 14.07% of the issued

and outstanding Shares on a partially diluted basis. On an undiluted basis, Plethora owns 4,000,000

Shares, representing 9.35% of the Company’s issued and outstanding Shares.

As a result of the Acquisition, Plethora beneficially owns, or exercises control or direction over

more than 10% of the Company’s i ssued and outstanding common shares on a partially diluted

basis. In satisfaction of the r equirements of National Instrument 62 -104 – Take-Over Bids and

Issuer Bids and National Instrument 62-103 – The Early Warning System and Related Take-Over

Bid and Insider Reporting Issues, an Early Warning Report respecting the acquisition of common

shares by Plethora will be filed under the Company’s SEDAR Profile at www.sedar.com.

Plethora acquired the Units for investment purposes only. These investments will be reviewed on

a continuing basis and holdings may be increased or decreased in the future.

Plethora is incorporated under the laws of the Netherlands and its head office is located at

Smallepad 30F, 38 11 MG Amersfoort, Netherlands. The principal business of Plethora is a

Management Fund.

For information, please contact:

Douwe van Hees- Fund Manager

Smallepad 30F

3811 MG Amersfoort

Netherlands

Phone: +3 16 14 51 46 92

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information

contained herein.