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Confederation Minerals Ltd. Amends Terms of Private Placement

Financings

CONFEDERATION MINERALS LTD.

Suite 1980, 1075 West Georgia Street,

Vancouver, British Columbia, V6E 3C9

Tel: 604 688 9588; Fax: 778 329 9361

July 21, 2017 TSX-V Symbol: CFM

Not for distribution to U.S. news wire Services or dissemination in the United States

Confederation Minerals Ltd. Amends Terms of Private Placement

Vancouver, British Columbia, Canada, Confederation Minerals Ltd. ( TSX-V: CFM) (“Confederation” or the

“Company”) announces that further to its news release of July 10, 2017, it has amended the terms of its non-

brokered private placement of units.

As amended, the Company will offer for sale up to 3,000,000 units (the “ Units”) at a price of $0.44 per Unit and

up to 1,000,000 flow -through common shares (the “FT Shares”) at a price of $0.55 per FT Share for total gross

proceeds of $1,870,000 (the “Offering”). Each Unit will consist of one common share in the capital of the

Company and one-half of one share purchase warrant (each whole warrant, a “ Warrant”). Each whole Warrant

will entitle the holder to acquire an additional common share in the capital of the Company (each a “ Warrant

Share”) at a price of $0.66 per Warrant Share for a period of two years from the closing of the Offering.

The Company may pay a finder’s fee on all or a portion of the Offering.

Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and

regulatory approvals, in particular approval of the T SX Venture Exchange. All securities issued in connection

with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in

accordance with applicable securities legislation.

The proceeds from the Offering will be used to fund exploration of the Company's projects and for general

working capital and corporate purposes.

On behalf of the Board of Directors,

Confederation Minerals Ltd.

“Carl Hering”

Carl Hering

CEO, President, and Director

CORPORATE INQUIRIES

Confederation Minerals Ltd.

Suite 1980, 1075 West Georgia Street

Vancouver, B.C.

604.688.9588

[email protected]

www.confederationmineralsltd.com

$M)

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About CFM

Confederation Minerals Ltd. is a British Columbia based company engaged in the business of acquisition,

exploration and development of mineral properties. Its objective is to locate and develop economic precious and

base metals properties of merit. Confederation Minerals Ltd. owns 70% of the Newman Todd project in the Red

Lake Mining District of Northern Ontario, as well as 100% ownership in another property in the Red Lake Mining

District of Ontario.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described i n this

news release in the United States. Such securities have not been, and will not be, registered under the United States

Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and, accordingly, may not be

offered or sold within the United States, or to or for the account or benefit of persons in the United States or "U.S. Persons",

as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securitie s

Act and applicable state securities laws or pursuant to an exemption from such registration requirements

This news release contains forward -looking information, which involves known and unknown risks, uncertainties and other

factors that may cause actual events to differ materially from current expectation. Important factors - including the

availability of funds and the results of financing efforts, - that could cause actual results to differ materially from the

Company’s expectations are disclosed in the Company's documents filed from time to time on SEDAR (see

www.sedar.com). Readers are cautioned not to place undue reliance on these forward -looking statements, which speak only

as of the date of this press release. The Company disclaims any intention or obligation , except to the extent required by law,

to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined i n the policies of the TSX

Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.