Signature’S Lingman Lake GOLD Property Continues to Yield Significant GOLD Values Supporting the High-Grade Nature of the Lingman Lake Deposit

SIGNATURE RESOURCES LTD.

SIGNATURE’S LINGMAN LAKE GOLD PROPERTY CONTINUES TO YIELD SIGNIFICANT

GOLD VALUES SUPPORTING THE HIGH-GRADE NATURE OF THE LINGMAN LAKE

DEPOSIT

FOR IMMEDIATE RELEASE January 11, 2017

Toronto, Ontario, January 11, 2017 – Signature Resources Ltd. (TSXV: SGU , OTCQB: SGGTF) ("Signature"

or the "Company") is pleased to announce results from the remainder of the 22 -hole re-evaluation program of the

archived core from the Lingman Lake deposit. Results from the remaining 10 -holes have been received and once

again they have successfully demonstrated the validity of the historic data , and the high -grade nature of the

Lingman Lake deposit . The highest single assay was from Hole 88 -56 which returned a current assay of 28.7 gpt

(0.84 opt) along a core interval of 0.46 -meters (1.5-feet) within a wider interval of 2.9-meters (9.5-feet), which also

includes an adjacent assay of 13.89 gpt (0.41 opt) along 0.46 -meters (1.5 -feet), resulting in a calculated weighted

average of 8.57 gpt (0.25 opt).

The historic core re -evaluation program consist s of a subset of 22-holes from 177-drilled between 1987 -89 and are

representative of the deposit along a strike of 1,000 -meters and a width of 225 -meters. Zone categorization is

pending and detailed maps will be posted on the company website in the near future.

Exclusive of standards , 765-samples from the 10 -holes were analyzed for gold and multi -element, of which 176-

samples (23%) duplicated historic sample intervals. A correlation by regression analysis of gold values comparing

historic assays to current assays, was completed by independent QA/QC consultant, and is reported to have good

correlation producing an R2 value of 0.75 (1.0 being perfect positive correlation) . Only 9.7% of the samples are

dissimilar which is due to the nugget effect of gold on high grade values.

Furthermore, in conjunction with the first set of results reported December 8 th, 2016, a total of 450 -duplicate core

samples resulted in only 24 samples, 5.3%, being dissimilar, which can be explained by the nugget effect of gold.

Highlights from the second batch of samples correlated to drill holes with weighted gold average intervals are

tabled below. A comprehensive table of these assay results and intervals comparing the historic data (1987 -88)

with the current (2016) data is provided at the end this release.

SUMMARY OF SIGNIFICANT 2016 GOLD WEIGHTED AVERAGE INTERVALS

Hole From To Length From To Length W Avg W Avg

No. feet feet feet meters meters meters gpt opt

87-15 35.5 46.7 11.2 10.8 14.2 3.4 7.55 0.22

450.8 471.8 21.0 137.4 143.8 6.4 2.77 0.08

88-15 157.0 200.7 43.7 47.9 61.2 13.3 2.93 0.09

88-29 120.0 131.0 11.0 36.6 39.9 3.4 3.85 0.11

88-48 277.0 289.0 12.0 84.4 88.1 3.7 2.63 0.08

88-49 48.0 54.0 6.0 14.6 16.5 1.8 3.87 0.11

149.3 164.0 14.7 45.5 50.0 4.5 12.04 0.35

250.1 278.0 27.9 76.2 84.7 8.5 2.36 0.07

88-55 487.3 519.4 32.1 148.5 158.3 9.8 2.72 0.08

88-56 495.5 505.0 9.5 151.0 153.9 2.9 8.57 0.25

514.1 520.0 5.9 156.7 158.5 1.8 3.54 0.10

Notes: gpt is grams per tonne, opt is oz per short ton, W Avg is weighted average. Intervals are core length .

“We are extremely pleased with this second and final set of assay results from the archived drill core . Once again,

the validity of the historic data has been supported. We can now move fo rward with the resource picture by

optimizing this data into upgrading the historic estimate of 234,684 oz to curre nt standards . Lingman Lake has

clearly demonstrated that it indeed is a high -grade gold deposit worthy of much more work and we look forward to

developing this deposit into a significant asset for the shareholders of Signature Resources ”, commented Walter

Hanych, President and CEO.

Qualified Persons

The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Walter

Hanych, P.Geo. President and CEO of Signature Resources, who is a Qualified Person as defined in National

Instrument 43-101 - Standards of Disclosure for Mineral Projects.

Quality Control

Gold and multi -element analyses were performed by SGS Canada Ltd. Gold assays were performed at their Red

Lake facility, adhering to a Quality Management System that meets, as a minimum requirement, ISO 9001 and

ISO/IEC 17025 standard. In addition to the laboratories internal quality management system , an independent

Quality Assurance -Quality Control (QA/QC) of the assays was commissioned by Signature Resources which was

implemented and monitored by J. Se lway, Ph.D. P.Geo. of Caracle Creek International Consulting Ltd. (CCIC) .

Standards inserted at the core sampling stage into the sample stream and analyzed by the laboratory were

scrutinized by CCIC for reproducibility by the laboratory.

The Lingman Lake gold property consists of four free hold patented claims and the twelve staked claims,

comprising 606.8 hectares. The property hosts an historic estimate of 234,684 oz of gold* and includes what has

historically been referred to as the Lingman Lake Gold Mi ne, an underground substructure consisting of a 126.5 -

meter shaft, and 3-levels at 46-meters, 84-meters and 122-meters depths.

*This historical resource estimate is based on prior data and reports obtained and prepared by previous operators, and informa tion

provided by governmental authorities. A Qualified Person has not done sufficient work to verify the classification of the min eral

resource estimates in accordance with current CIM categories. The Company is not treating the historical estimate as a curr ent NI

43-101-compliant mineral resource estimate. Accordingly, this historical estimate should not be relied upon. Establishing a

current mineral resource estimate on the Lingman Lake deposit will require further evaluation, which the Company and its

consultants intend to complete in due course. Additional information regarding historical resource estimates is available in the

technical report entitled, “Technical Report on the Lingman Lake Property” dated December 20, 2013, prepared by Walter

Hanych, P.Geo., and Frank Racicot, P.Geo., available on the Company’s SEDAR profile at www.sedar.com

To find out more about Signature Resources Limited, visit our website at www.signatureresources.ca , or contact:

Walter Hanych

Chief Executive Officer

705.445.0184

Cautionary Notes

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

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

This news release contains forward -looking statements which are not statements of historical fact. Forward -looking

statements include estimates and statements that describe the Company’s future plans, objectives or goals, including

words to the effect that the Company or management expects a stated condition or result to occur. Forward -looking

statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”,

“would”, “will”, or “plan”. Since forward -looking statements are based on assumptions and address future events

and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are

based on infor mation currently available to the Company, the Company provides no assurance that actual results

will meet management’s expectations. Risks, uncertainties and other factors involved with forward -looking

information could cause actual events, results, perfo rmance, prospects and opportunities to differ materially from

those expressed or implied by such forward -looking information. Forward looking information in this news release

includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results,

potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the

commencement of operations and estimates of market conditions. Factors that could cause actual results to differ

materially from such forward -looking information include, but are not limited to failure to identify mineral

resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study

which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or

failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill

the duty to accommodate First Nations a nd other indigenous peoples, uncertainties relating to the availability and

costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations

in commodity prices, delays in the development of projects, c apital and operating costs varying significantly from

estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in

the Company’s public documents filed on SEDAR. Although the Company believes that t he assumptions and factors

used in preparing the forward -looking information in this news release are reasonable, undue reliance should not

be placed on such information, which only applies as of the date of this news release, and no assurance can be given

that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation

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

otherwise, other than as required by law.

Detailed Table of Assay Results

DDH Dip From To Length From To Length Historic Historic Curent Current

No. feet feet feet meters meters meters Au gpt Au opt Au gpt Au opt

87-15 -45 35.50 38.70 3.20 10.82 11.80 0.98 0.67 0.02 1.00 0.03

38.70 43.00 4.30 11.80 13.11 1.31 17.38 0.51 12.13 0.35

43.00 46.70 3.70 13.11 14.23 1.13 6.41 0.19 7.90 0.23

450.80 452.40 1.60 137.40 137.89 0.49 0.41 0.01 0.43 0.01

452.40 456.00 3.60 137.89 138.99 1.10 not sampled 11.42 0.33

456.00 460.00 4.00 138.99 140.21 1.22 not sampled 0.09 0.00

460.00 460.90 0.90 140.21 140.48 0.27 10.59 0.31 8.45 0.25

460.90 465.30 4.40 140.48 141.82 1.34 not sampled 0.09 0.00

469.00 469.70 0.70 142.95 143.16 0.21 4.49 0.13 2.85 0.08

469.70 471.80 2.10 143.16 143.80 0.64 2.54 0.07 2.85 0.08

88-15 -45 157.00 161.00 4.00 47.85 49.07 1.22 3.43 0.10 2.87 0.08

161.00 165.00 4.00 49.07 50.29 1.22 2.06 0.06 1.45 0.04

165.00 169.00 4.00 50.29 51.51 1.22 0.34 0.01 0.69 0.02

169.00 176.00 7.00 51.51 53.64 2.13 0.03 0.00 0.81 0.02

176.00 180.00 4.00 53.64 54.86 1.22 2.73 0.08 1.82 0.05

180.00 182.40 2.40 54.86 55.60 0.73 2.06 0.06 1.94 0.06

182.40 186.00 3.60 55.60 56.69 1.10 2.74 0.08 3.46 0.10

186.00 190.00 4.00 56.69 57.91 1.22 0.67 0.02 0.94 0.03

190.00 191.90 1.90 57.91 58.49 0.58 2.06 0.06 16.60 0.48

191.90 195.00 3.10 58.49 59.44 0.94 11.66 0.34 5.84 0.17

195.00 196.70 1.70 59.44 59.95 0.52 15.09 0.44 8.61 0.25

196.70 200.70 4.00 59.95 61.17 1.22 5.49 0.16 2.42 0.07

88-29 -60 120.00 122.00 2.00 36.58 37.19 0.61 0.03 0.00 1.65 0.05

122.00 124.00 2.00 37.19 37.80 0.61 4.11 0.12 0.22 0.01

124.00 127.00 3.00 37.80 38.71 0.91 16.46 0.48 7.30 0.21

127.00 129.00 2.00 38.71 39.32 0.61 14.40 0.42 8.00 0.23

129.00 131.00 2.00 39.32 39.93 0.61 not sampled 0.37 0.01

139.00 141.60 2.60 42.37 43.16 0.79 4.11 0.12 0.67 0.02

141.60 145.60 4.00 43.16 44.38 1.22 4.11 0.12 5.60 0.16

88-48 -45 277.00 279.50 2.50 84.43 85.19 0.76 not sampled 0.46 0.01

279.50 282.50 3.00 85.19 86.11 0.91 6.86 0.20 4.80 0.14

282.50 284.50 2.00 86.11 86.72 0.61 0.03 0.00 4.75 0.14

284.50 287.50 3.00 86.72 87.63 0.91 0.03 0.00 0.83 0.02

287.50 289.00 1.50 87.63 88.09 0.46 0.34 0.01 2.70 0.08

88-49 -45 48.00 50.00 2.00 14.63 15.24 0.61 not sampled 0.35 0.01

50.00 52.00 2.00 15.24 15.85 0.61 not sampled 11.11 0.32

52.00 54.00 2.00 15.85 16.46 0.61 not sampled 0.15 0.00

149.30 150.60 1.30 45.51 45.90 0.40 0.34 0.01 1.75 0.05

150.60 154.90 4.30 45.90 47.21 1.31 0.34 0.01 0.12 0.00

154.90 157.00 2.10 47.21 47.85 0.64 1.37 0.04 2.10 0.06

157.00 160.40 3.40 47.85 48.89 1.04 1.37 0.04 1.15 0.03

160.40 161.50 1.10 48.89 49.23 0.34 15.09 0.44 19.78 0.58

161.50 164.00 2.50 49.23 49.99 0.76 0.34 0.01 0.25 0.01

250.10 252.30 2.20 76.23 76.90 0.67 0.03 0.00 1.55 0.05

252.30 254.20 1.90 76.90 77.48 0.58 4.11 0.12 2.30 0.07

254.20 255.50 1.30 77.48 77.88 0.40 5.49 0.16 6.25 0.18

255.50 257.10 1.60 77.88 78.36 0.49 0.34 0.01 0.74 0.02

257.10 259.30 2.20 78.36 79.03 0.67 0.03 0.00 1.10 0.03

259.30 261.50 2.20 79.03 79.71 0.67 7.54 0.22 0.95 0.03

261.50 264.70 3.20 79.71 80.68 0.98 0.34 0.01 0.27 0.01

264.70 267.30 2.60 80.68 81.47 0.79 0.03 0.00 1.55 0.05

267.30 268.60 1.30 81.47 81.87 0.40 0.69 0.02 1.25 0.04

268.60 271.10 2.50 81.87 82.63 0.76 3.43 0.10 2.30 0.07

271.10 273.20 2.10 82.63 83.27 0.64 12.34 0.36 3.20 0.09

273.20 276.00 2.80 83.27 84.12 0.85 0.34 0.01 8.85 0.26

276.00 278.00 2.00 84.12 84.73 0.61 0.03 0.00 0.23 0.01

88-55 -50 126.40 128.00 1.60 38.53 39.01 0.49 12.34 0.36 13.98 0.41

487.30 488.60 1.30 148.53 148.93 0.40 not sampled 5.05 0.15

488.60 493.30 4.70 148.93 150.36 1.43 0.34 0.01 2.45 0.07

493.30 496.00 2.70 150.36 151.18 0.82 0.34 0.01 2.95 0.09

496.00 499.40 3.40 151.18 152.22 1.04 2.74 0.08 1.10 0.03

506.50 510.60 4.10 154.38 155.63 1.25 4.11 0.12 3.25 0.09

510.60 513.40 2.80 155.63 156.48 0.85 0.03 0.00 not sampled

513.40 516.00 2.60 156.48 157.28 0.79 10.97 0.32 10.24 0.30

516.00 519.40 3.40 157.28 158.31 1.04 5.49 0.16 5.10 0.15

519.40 524.00 4.60 158.31 159.72 1.40 0.03 0.00 0.62 0.02

524.00 527.00 3.00 159.72 160.63 0.91 not sampled 0.86 0.03

88-56 -45 490.00 492.20 2.20 149.35 150.02 0.67 0.69 0.02 1.20 0.04

492.20 494.50 2.30 150.02 150.72 0.70 3.43 0.10 0.75 0.02

494.50 495.50 1.00 150.72 151.03 0.30 0.03 0.00 not sampled

495.50 497.50 2.00 151.03 151.64 0.61 2.74 0.08 4.25 0.12

497.50 499.00 1.50 151.64 152.10 0.46 6.17 0.18 4.55 0.13

499.00 500.20 1.20 152.10 152.46 0.37 0.03 0.00 not sampled

500.20 502.00 1.80 152.46 153.01 0.55 0.03 0.00 1.20 0.04

502.00 503.50 1.50 153.01 153.47 0.46 26.74 0.78 13.89 0.41

503.50 505.00 1.50 153.47 153.92 0.46 19.89 0.58 28.70 0.84

505.00 506.00 1.00 153.92 154.23 0.30 0.03 0.00 not sampled

514.10 516.00 1.90 156.70 157.28 0.58 6.86 0.20 1.05 0.03

516.00 518.80 2.80 157.28 158.13 0.85 5.49 0.16 3.85 0.11

518.80 520.00 1.20 158.13 158.50 0.37 7.54 0.22 6.75 0.20