Signature Resources Ltd. Announces Non-Brokered Private Placement

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SIGNATURE RESOURCES LTD.

SIGNATURE RESOURCES LTD. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

FOR IMMEDIATE RELEASE May 15, 2018

Toronto, Ontario, May 15, 2018 – Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF) ( "Signature"

or the " Company ") is pleased to announce that it will conduct a non-brokered private placement (the

“ Offering ”), subject to the approval of the TSX Venture Exchange (the “ Exchange ”), for aggregate gross

proceeds of up to $1,500,000. The Offering will consist of non-flow-through units (the “ NFT Units ”) at a price

of $0.12 per NFT Unit, and flow-through unit (the “ FT Unit ”) at a price of $0.14 per FT Unit.

Each NFT Unit will consist of one common share of the Compan y and one warrant (a “ Warrant ”). Each FT

Unit will consist of one flow-through common share and on e-half of one Warrant. Each whole Warrant will

entitle the holder thereof to acquire an additional common share ( a “ Warrant Share ”) of the Company at an

exercise price of $0.25 per Warrant Share for a period of 2 years from the date of issuance, provided that if after

four (4) months and one (1) day following the closing of the Offering, the closing price of the Company's

common shares on the Exchange is equal to or greater than $0. 40 for 10 consecutive trading days, then the

Company may accelerate the expiry date of the Warrants by dissemi nating a press release and in such case the

Warrants will expire on the 30th day after the date on which such press release is disseminated by the Company.

Subject to Exchange approval, finder’s fees of up to 7% cash and 7% warrants may be paid to persons who

introduce the Company to investors in the Offering.

Proceeds of this Offering will be used to further finance the Company’s prospecting, drilling and other

exploration and development expenses and activities and for general corporate purposes.

Securities issued pursuant to the Offering will be subject to a hold period of four months plus one day from the

date of completion of the Offering, in accordance with applicable securities legislation.

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

The Lingman Lake gold property consists of four fre e hold patented claims and 762 single cell staked

claims, comprising 15,096.3 hectares. The property hosts an historic estimate of 234,684 oz of gold*

(1,063,904 tonnes grading 6.86 g/t with 2.73 gpt cu t-off) and includes what has historically been refe rred

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 reports obtained and prepared by previous

operators, and information provided by governmental authorities. A Qualified Person has not done

sufficient work to verify the classification of the mineral resource estimates in accordance with current CIM

categories. The Company is not treating the histori cal estimate as a current NI 43-101-compliant miner al

resource estimate. Establishing a current mineral r esource estimate on the Lingman Lake deposit will

require further evaluation, which the Company and i ts consultants intend to complete in due course.

Additional information regarding historical resource estimates is available in the technical report en titled,

“Technical Report on the Lingman Lake Property” dat ed 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

President and 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 inherent risks and uncertainties. Although these statements are based

on information 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 inform ation could

cause actual events, results, performance, prospect s and opportunities to differ materially from those expressed or

implied by such forward-looking information. Forwar d looking information in this news release includes , but is not

limited to, the completion, proceeds, and use of pr oceeds of the Offering, the Company’s objectives, g oals or future

plans, statements, exploration results, potential m ineralization, 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 fro m such forward-looking information include, but are not limited to

changes in general economic and financial market conditions, failure to identify mineral resources, failure to convert

estimated mineral resources to reserves, the inabil ity to complete a feasibility study which recommend s a production

decision, the preliminary nature of metallurgical t est results, delays in obtaining or failures to obt ain required

governmental, environmental or other project approv als, political risks, inability to fulfill the duty to accommodate

First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in

the future, changes in equity markets, inflation, c hanges in exchange rates, fluctuations in commodity prices, delays

in the development of projects, capital and operati ng costs varying significantly from estimates and t he 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 beli eves that the assumptions and factors used in prepa ring the

forward-looking information in this news release ar e reasonable, undue reliance should not be placed o n such

information, which only applies as of the date of t his news release, and no assurance can be given tha t such events

will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation t o update or

revise any forward-looking information, whether as a result of new information, future events or otherwise, other than

as required by law.