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Minfocus Confirms No Delivery of a Requisition for a Shareholder Meeting by GreenBank Capital in Accordance with the BC Business Corporations Act

Shareholder Meetings Legal & Disputes

Minfocus Confirms No Delivery of a Requisition for a Shareholder Meeting by

GreenBank Capital in Accordance with the BC Business Corporations Act

March 1 6, 201 8 - Minfocus Exploration Corp. (TSX -V: MFX) (“Minfocus” or “Company” ) wishes to

confirm, contrary to the news release disseminated by GreenBank Capital Inc. (“ GreenBank”), issued on

March 1 5, 2018 (“ GB News Release ”), in which GreenBank announced again that it had requisitioned a

shareholder meeting of Minfocus Exploration Corp. pursuant to section 167 of the British Columbia

Business Corporations Act (the “ Act”), t hat as of the close of business yesterday March 1 5, 2018, the

Company has not received a requisition for a shareholder meeting delivered in accordanc e with the

requirements of the Act.

The Board of Directors of Minfocus will respond accordingly when, and if, it receives a requisition delivered

in accordance with the British Columbia Business Corporations Act. No such requisition has been delivered

to Minfocus in accordance with the Act to date, contrary to the claims by GreenBank.

For further information, please contact:

Kenneth B. de Graaf

President & Chief Executive Officer

Email: [email protected]

About Minfocus Exploration Corp.

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

zinc and nickel projects in British Columbia and a Plat inum Group Element (“PGE”) rich nickel project in N.W.

Ontario. Minfocus has a successful management group with a record of multiple discoveries of deposits worldwide,

including gold and uranium deposits in Mongolia and PGE -rich resources in Ontario, incl uding the discovery of the

first Platinum-rich Pt-Pd-Cu-Ni deposit in the Midcontinent Rift, the Current Lake deposit (+700,000 oz. Pt -Eq).

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

identifiable 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

phrases. 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 from those currently anticipated by such statements. Factors that could cause actual results or events to differ

materially from current expectations include, among other things, the possibility that future exploration results will not be

consistent with the 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 iden tified in

the Company’s docum ents 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 Compa ny

disclaims any intent or obligation to update any forward-looking statement.