QTWO.V · 2018-08-10 12:00:00

Minfocus Provides Update on Private Placement

Financings

41685|4096977_1|LSCHOOLEY

09/08/2018

August 1 0, 201 8 - Minfocus Exploration Corp. (TSX -V: MFX) (“Minfocus” or “Company” )

announces that, further to its news releases of August 1, 2018 and July 25, 2018 in connection with the

Company’s private placement (the “Private Placement”) of Flow-Through Units and Non-Flow-Through

Units, following discussions with the TSX Venture Exchange (“TSXV”) in connection with their review

of the Private Placement, Minfocus wishes to announce that it intends to close all or portions of Private

Placement on or before August 17, 2018. The Private Placement remains subject to TSXV approval.

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 multiple discoveries of deposits worldwide, including gold an d 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

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 Venture

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 identifi able

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 t hose

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 the Com pany’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 documents fi led 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 obligation to update any

forward-looking statement.