Pelangio Grants Options

Pelangio Exploration Inc.

Pelangio Exploration Inc. News Release – November 1, 2018 1

82 Richmond Street East,

Toronto, ON M5C 1P1

Tel: 905-336-3828

Fax: 905-336-3899

NEWS RELEASE

PELANGIO GRANTS OPTIONS

TORONTO, Ontario (NOVEMBER 1, 2018) – Pelangio Exploration Inc. (PX:TSX -V; OTC PINK:PGXPF) (“Pelangio” or

the “Company”) announces that the Board of Directors has approved the grant of 350,000 incentive stock options

of which 250,000 were granted to directors and senior officers of the Corporation. The options are exercisable into

common shares of the Company at a price of $0.18 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 November 1, 2023.

For additional information, please visit our website at www.pelangio.com, or contact:

Ingrid Hibbard, President and CEO

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.