Signature Announces Extension to Private Placement

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

SIGNATURE RESOURCES LTD.

SIGNATURE ANNOUNCES EXTENSION TO PRIVATE PLACEMENT

FOR IMMEDIATE RELEASE August 22, 2017

Toronto, Ontario, August 22, 2017 – Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF)

(“ Signature” or the “ Company ”) announces the extension of its previously-announced non-b rokered private

placement of non-flow-through units and flow-through un its for aggregate gross proceeds of up to $1,500,000

(the “ Offering ”) until September 24, 2017. Additional details regarding th e Offering can be found in the

Company’s news release dated May 24, 2017.

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

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 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, the completion, pr oceeds, and use of proceeds of the Offering, the Co mpany’s

objectives, goals or future plans, statements, expl oration results, potential mineralization, the esti mation of mineral

resources, exploration and mine development plans, timing of the commencement of operations and estima tes of

market conditions. Factors that could cause actual results to differ materially from such forward-look ing

information include, but are not limited to changes in general economic and financial market condition s, failure to

identify mineral resources, failure to convert esti mated mineral resources to reserves, the inability to complete a

feasibility study which recommends a production dec ision, the preliminary nature of metallurgical test results,

delays in obtaining or failures to obtain required governmental, environmental or other project approv als, political

risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncert ainties relating

to the availability and costs of financing needed i n the future, changes in equity markets, inflation, changes in

exchange rates, fluctuations in commodity prices, d elays in the development of projects, capital and o perating costs

varying significantly from estimates and the other risks involved in the mineral exploration and devel opment

industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Compa ny

believes that the assumptions and factors used in p reparing 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 ev ents will occur in the disclosed time frames or at all. The

Company disclaims any intention or obligation to up date or revise any forward-looking information, whe ther as a

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