Signature Announces Closing of First Tranche of Private Placement and Warrant Exercises

SIGNATURE RESOURCES LTD.

SIGNATURE ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT

AND WARRANT EXERCISES

FOR IMMEDIATE RELEASE November 14, 2017

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

Toronto, Ontario, November 14, 2017 – Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF)

(“ Signature” or the “ Company ”) is pleased to announce that today it closed the first tr anche of a non-

brokered private placement of up to $750,000 (“the Financing ”) for gross proceeds of $317,000. The

Company has also received an additional $125,000 from the ex ercise of 2,500,000 previously-issued warrants

for a combined total of $442,000.

Mr. Walter Hanych, Chief Executive Officer of the Company, co mmented, “We are extremely pleased to

close the first tranche of our Financing and receive funds fro m the warrant exercises. It will allow us to

continue our exploration of the Lingman Lake property.”

Pursuant to the Financing, the Company issued an aggregate of 1,900,000 hard-dollar units (“ Hard-Dollar

Units ”) at a price of $0.08 per Hard-Dollar Unit, and 1,650, 000 flow-through units (“ Flow-Through Units ”)

at a price of $0.10 per Flow-Through Unit. Each Hard-Do llar Unit consists of one common share of the

Company (each, a “ Common Share ”) and one common share purchase warrant (each, a “ Warrant ”). Each

Flow-Through Unit consists of one common share of the Company issued on a flow-through basis and one half

of one (1/2) Warrant. Each whole Warrant is exercisable to purchase one Common Share at a price of $0.15 for

a period of 24 months from the issue date, provided that if after four months and one day following the closing

of the Financing, the closing price of the Common Shares on t he TSX Venture Exchange is equal to or greater

than $0.25 for 10 consecutive trading days, then the Company may accelerate the expiry date of the Warrants

by disseminating a press release and in such case the Warrants wi ll expire on the 90th day after the date on

which such press release is disseminated by the Company. In co nnection with the Financing, the Company

paid cash finder's fees of $13,200 and issued 132,000 finder 's warrants (each, a “ Finder's Warrant ”). Each

Finder's Warrant is exercisable to purchase one Common Share at a price of $0.10 for a period of 24 months

from the issue date. The Company intends to complete one or mo re further closings pursuant to the Financing

for additional gross proceeds of up to $433,000. Additi onal tranches may close on or before December 14,

2017.

Signature intends to use the proceeds of the Financing for gener al working capital purposes, and for the

development of the Company's Lingman Lake Project. Proceeds fro m the sale of Flow-Through Units will be

used to incur eligible Canadian exploration expenses, as defined u nder the Income Tax Act (Canada)

(“ Qualifying Expenditures ”), on or before December 31, 2018. The Company will renoun ce the Qualifying

Expenditures to investors with an effective date of no later than December 31, 2017.

Securities issued pursuant to the first tranche closing of th e Financing are subject to a statutory four-month

plus one day hold period, which will expire on March 15, 2018.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor

shall it constitute an offer, solicitation or sale in any jur isdiction in which such offer, solicitation or sale is

unlawful. These securities have not been, and will not be, regi stered under the United States Securities Act of

1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S.

persons unless registered or exempt therefrom.

About Signature

Signature’s Lingman Lake gold property consists of four fr ee hold patented claims and the 50 staked claims,

totaling 9,896.8 hectares. The property hosts an historic est imate of 234,684 oz. of gold* (1,063,904 tonnes

grading 6.86 g/t with 2.73 gpt cut-off) and includes what has historically been referred to as the Lingman Lake

Gold Mine, 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 repo rts obtained and prepared by previous

operators, and information provided by governmental authorit ies. A Qualified Person has not done sufficient

work to verify the classification of the mineral resource estim ates in accordance with current CIM categories.

The Company is not treating the historical estimate as a current NI 43-101-compliant mineral resource

estimate. Establishing a current mineral resource estimate on the L ingman Lake deposit will require further

evaluation, which the Company and its consultants intend to co mplete in due course. Additional information

regarding historical resource estimates is available in the techni cal 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 o ur website at www. signatureresources .ca , or

contact:

Walter Hanych

Chief Executive Officer

705.445.0184

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 statemen ts which are not statements of historical fact. For ward-looking

statements include estimates and statements that de scribe the Company’s future plans, objectives or go als, including

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

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

“would”, “will”, or “plan”. Since forward-looking s tatements are based on assumptions and address futu re events

and conditions, by their very nature they involve i nherent risks and uncertainties. Although these sta tements are

based on information currently available to the Com pany, the Company provides no assurance that actual results

will meet management’s expectations. Risks, uncerta inties and other factors involved with forward-look ing

information could cause actual events, results, per formance, prospects and opportunities to differ mat erially from

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

includes, but is not limited to, use of proceeds of the Financing, closing of additional tranches purs uant to the

Financing and proceeds therefrom, the Company’s obj ectives, goals or future plans, statements, explora tion 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 in clude, but are not limited to changes in general ec onomic and

financial market conditions, failure to identify mi neral resources, failure to convert estimated miner al resources to

reserves, the inability to complete a feasibility s tudy which recommends a production decision, the pr eliminary

nature of metallurgical test results, delays in obt aining or failures to obtain required governmental, environmental

or other project approvals, political risks, inabil ity to fulfill the duty to accommodate First Nation s and other

indigenous peoples, uncertainties relating to the a vailability and costs of financing needed in the fu ture, changes in

equity markets, inflation, changes in exchange rate s, fluctuations in commodity prices, delays in the development of

projects, capital and operating costs varying signi ficantly from estimates and the other risks involve d in the mineral

exploration and development industry, and those ris ks set out in the Company’s public documents filed on SEDAR.

Although the Company believes that the assumptions and factors used in preparing the forward-looking i nformation

in this news release are reasonable, undue reliance should not be placed on such information, which on ly applies as

of the date of this news release, and no assurance can be given that such events will occur in the dis closed time

frames or at all. The Company disclaims any intenti on or obligation to update or revise any forward-lo oking

information, whether as a result of new information , future events or otherwise, other than as required by law.