Sunvest Minerals Not to Proceed with Hemlo Property

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SUNVEST MINERALS NOT TO PROCEED WITH HEMLO PROPERTY

Vancouver, British Columbia - March 13, 2019 - Sunvest Minerals Corp. (TSX-V: SSS) (the

"Company") announces that it has decided not to proceed further with the acquisition of the

McKinnon Hemlo West property, located in the Province of Ontario.

With respect to this decision, the Company has entered into a termination agreemen t with the

underlying owners. Pursuant to the termination agreement, the Company will issue an aggregate

total of 200,000 common shares to the underlying owners, in consideration for a full release of

the Company from any matters relating to or arising ou t of its option agreement with respect to

the property. The issuance of shares is subject to the Company receiving prior approval from the

TSX Venture Exchange and will be subject to a four month hold from the date of issuance.

“This move demonstrates the Company’s mission to focus its efforts on the Golden Triangle in

BC this summer . Drill target prioritization is well underway, and we look forward to an exciting

work season set to commence in June.” stated Mike England, CEO of Sunvest Minerals Corp.

ON BEHALF OF THE BOARD

(signed) "Mike England"

_____________________________

Mike England, CEO & director

FOR FURTHER INFORMATION:

Telephone: 1 604 683 3995

Toll Free: 1 888 945 4770

Email: [email protected]

Neither the 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 release.