Minfocus Announces Private Placement

Minfocus Announces Private Placement

July 25, 2018 - Minfocus Exploration Corp. (TSX -V: MFX) (“Minfocus” or “Company”) is pleased to

announce pleased to announce a non-brokered private placement, post-consolidation, of up to 10,000,000

units for gross proceeds of up to $750,000, which may be closed in tranches (‘Offering”). The private

placement will comprise both flow -through units and non -flow-through units. The Company intends to

close the Offering after the completion of the previously announced 7-for-1 share consolidation.

Each non-flow-through unit ("NFT Unit") will be offered at a price of $0.055 per NFT Unit, which shall

consist of one post-consolidation common share (" Share") and one non -transferable share purchase

warrant (" Warrant"). Each w hole Warrant will entitle the holder to purchase one additional post-

consolidation Share at a price of $0.07 per Share for a period of 36 months from the closing date.

Each flow-through unit ("FT Unit") will be offered at a price of $0.060 per FT Unit, which will consist

of one post-consolidation Share issued on a flow -through basis pursuant to the Income Tax Act (Canada)

and one Warrant. Each whole Warrant will entitle the holder to purchase one additional non -flow-

through post-consolidation Share at $0.07 per Share for a period of 36 months from the closing date. A

maximum of 7,500,000 FT Units or 75% of the Offering will be made available for issuance under the

Offering as FT Unit’s.

The use of proceeds is intended to be: to finance exploration and dev elopment of the mineral properties in

which Minfocus holds an interest ; payment of unrelated -party trade payables and debts, legal fees and

general working capital for the Company. This private placement is subject to acceptance by the TSX

Venture Exchange. Finders’ Fees may be paid in accordance with TSXV policy.

About Minfocus Exploration Corp.

Minfocus Exploration Corp. is a Canadian company currently advancing a portfolio of base-metal projects including

three Mississippi-Valley-Type zinc projects in British Columbia and Newfoundland and a Platinum Group Element

(“PGE”)–enriched Ni -Cu-Pt-Pd project in N.W. Ontario. Minfocus has a successful management group with a

record of m ultiple discoveries of deposits worldwide, including gold and uranium deposits in Mongolia and PGE -

rich resources in Ontario, including the discovery of the first platinum -rich Ni-Cu-Pt-Pd deposit in the Midcontinent

Rift, the Current Lake deposit (+700,000 oz. Pt-Eq).

For further information, please contact:

Kenneth B. de Graaf

President & Chief Executive Officer

Email: [email protected]

The Qualified Person who has reviewed and approved the technical content contained in this release is Dr. G raham C. Wilson ,

P.Geo.(Ont), a director of Minfocus.

Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Ven ture

Exchange) accepts responsibility for the adequacy or accuracy of this press release.

This press release includes certain forward -looking statements concerning the future performance of the Company’s business and

operations as well as management’s objectives, strategies, beliefs and intentions. Forward -looking statements are often i dentifiable

by the use of words such as “may”, “will”, “might”, “would”, “plan”, “believe”, “expect”, “anticipate”, “intend”, “estimate”,

“scheduled”, “forecasts” and similar expressions or variations (including negative variations) of such words and phras es.

Forward-looking statements are based on the current opinions and expectations of management, and are subject to a number of risks

and uncertainties that may cause actual results, performance or achievements of the Company to be materially different fr om those

currently anticipated by such statements. Factors that could cause actual results or events to differ materially from curren t

expectations include, among other things, the possibility that future exploration results will not be consistent with th e Company’s

expectations, fluctuating commodity prices, delays in commencing the Company’s proposed drilling program, exploration costs

varying significantly from estimates, the availability of financing, and other risks identified in the Company’s documen ts filed with

the Canadian securities regulatory authorities at www.sedar.com. Any forward-looking statement speaks only of the date on which it

is made, and except as may be required by applicable securities laws, the Company disclaims any intent or obli gation to update any

forward-looking statement.