Pelangio Exploration Inc.

Pelangio Exploration Inc.

Pelangio Exploration Inc. News Release – May 8, 2017 1

82 Richmond Street East, Toronto, ON M5C 1P1 Tel: 905-336-3828 Fax: 905-336-3899

NEWS RELEASE

PELANGIO GRANTS OPTIONS

TORONTO, Ontario (May 8, 2017) – Pelangio Exploration Inc. (PX:TSX-V; OTC PINK:PGXPF) (“Pelangio” or

the “Company”) announces that the Board of Directors has approved the grant of 1,395,000 options to directors,

officers, employees and consultants of the Company, which options are exercisable into common shares of the

Company at a price of $0.05 per share. Subject to the rules of the TSX Venture Exchange and the Company's Stock

Option Plan, the options have a term of five years and will expire on May 8, 2022.

For additional information, please visit our website at www.pelangio.com, follow us on Twitter @PelangioEx or

contact:

Ingrid Hibbard, President & CEO or

Warren Bates, Vice President Exploration

Tel: 905-336-3828 / Toll-free: 1-877-746-1632 / Email: [email protected]

Neither 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.