Riley Resources to Resume Trading ON the TSX-V

V45522\VAN_LAW\ 2283607\1

RILEY RESOURCES CORP.

Suite 2390, 1055 West Hastings Street

Vancouver, British Columbia

Canada V6E 2E9

Telephone: 604-443-3831

NEWS RELEASE

NR2017-03

RILEY RESOURCES TO RESUME TRADING ON THE TSX-V

Vancouver, British Columbia, March 29 , 2017, Riley Resources Corp. (TSXV: RLY.P) (“Riley” or, the

“Company”), is pleased to announce that further to the receipt of final acceptance of the TSX Venture Exchange

(the “Exchange” or the “TSX -V”) in respect of the Company’s Qualifying Transaction that the Company will

resume trading at market open on March 29, 2017.

As indicated in the bulletin issued by the TSX -V, the Company will be classified as a Tier 2 “ mining” company

with the trading symbol “RLY”.

ON BEHALF OF THE BOARD

Riley Resources Corp.

“Todd Hilditch”

CEO and Director

604-443-3831

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exc hange)

accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the Uni ted States. The

securities have not been and will not be registered under the United States Securities Act of 1933, as amended or a ny state securities laws

and may not be offered or sold within the United States or to U.S. persons unless registered under the United States Securiti es Act of 1933

and applicable state securities laws or an exemption from such registration is available.

Forward-Looking Statements

This release contains certain “forward looking statements” and certain “forward -looking information” as defined under applicable Canadian

and U.S. securities laws. Forward -looking statements can generally be identified by the use of forward-looking terminology such as “may”,

“will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward -looking statements include, but

are not limited to, statements with respect to the completion of the qualifying transaction, the completion of the transactions contemplated by

the Qualifying Transaction, the completion of the transactions contemplated by the option agreement between the Riley Resources Corp and

MSM Resource LLC. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and

assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive

uncertainties and contingencies. Certain of the statements made herein by Riley Resources Corp. are forward-looking and subject to various

risks and uncertainties, both known and unknown, many of which are beyond the ability of Riley Resources Corp. to control or predict.

Known and unknown factors could cause actual results to differ materially from those projected in the forward -looking statements. Forward-

looking information is subject to known and unknown risks and uncertainties that may cause Riley Resources Corp.’s actual results,

performance or achievements may be materially different from those expressed or implied by such forward -looking information, and are

developed based on assumptions about such risks, uncertainties and other factors set out here in, including but n ot limited to the inherent

risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill res ults and other

exploration data, the potential for delays in exploration or development activities, mine development and production costs, the projected life

of the Company’s mines, future production levels, the geology, grade and continuity of mineral deposits, the possibility that future

exploration, development or mining results will not be consistent wit h the Company's expectations, accidents, equipment breakdowns, title

matters, labor disputes or other unanticipated difficulties with or interruptions in production and operations, fluctuating m etal prices,

unanticipated costs and expenses, uncertainties r elating to the availability and costs of financing needed in the future, the inherent

uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuation s, currency

fluctuations, regulatory restrictions, including environmental regulatory restrictions and liability, competition, loss of key employees, and other

related risks and uncertainties. The Company undertakes no obligation to update forward -looking information except as required by

applicable law. Such forward -looking information represents management's best judgment based on information currently available. No

forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to pl ace

undue reliance on forward-looking statements or information