Pelangio Grants Options

Pelangio Exploration Inc.

Pelangio Exploration Inc. News Release – February 27, 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 (Febraury 27, 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 200,000 incentive stock options

to a director of the Company, which options are exercisable into common shares of the Company at a price of $0.055

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 February 27, 2023.

For additional information about the Company, please visit our website at www.pelangio.com.

Ingrid Hibbard, President & 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.