UPDATE NI 43-101 TECHNICAL REPORT ON OPTIONED CLAIMS COVERING THE TR-UE VEIN ADJACENT TO THE GOLD ROAD MINE Option agreements and new staking covering an additional 69 patented and 74 unpatented claims representing 2,846.4 acres

PARA RESOURCES INC.

450 – 1090 West Georgia Street

Vancouver, British Columbia V6E 3V7

UPDATE NI 43-101 TECHNICAL REPORT ON OPTIONED CLAIMS

COVERING THE TR-UE VEIN ADJACENT TO THE GOLD ROAD MINE

Option agreements and new staking covering an additional 69 patented and 74

unpatented claims representing 2,846.4 acres

April 11, 2018, Vancouver, B.C. -- Para Resources Inc. (the “Company” or “Para”) (TSXV -

“PBR”) (WKN – “A14YF1”) (OTC – “PRSRF”) is pleased to announce that an NI 43-101

Technical Report entitled “2018 Technical Report on the Oatman Gold District Properties” dated

April 10, 2018 and authored by James R. Guilinger, a Qualified Person under NI 43-101 has

been filed on SEDAR and is available for review. The Oatman Gold District Properties include

multiple option agreements that Para has secured and staked that are in addition to the

adjacent Gold Road Mine property that is the subject of the updated NI 43-101 Technical Report

filed on SEDAR February 16, 2018.

Some selected highlights from the report:

• Para has secured option agreements with various property owners covering 69 patented

and 2 unpatented claims. In addition, Para has staked an additional 72 unpatented

claims surrounding these patented claims. This land package covers all the known

significant historical mines in the Tr-Ue vein system.

• Historical production from these claims on the Tr-Ue vein system was 1,930,000 tons at

an average grade of 21.4 grams per ton, yielding 1,324,230 ounces of gold between

1897 and 1940.

• Historic mines located along the Tr-Ue vein system and throughout the district occur in

veins of epithermal origin hosted in volcanic country rock consisting primarily of either

the Tertiary Gold Road Latite or the Oatman andesite.

• The historical chutes on the Tr-Ue system produced approximately 200 to 500 thousand

ounces and graded from 0.6 to 1.1- ounce (18.66 – 34.21 grams) gold per ton.

• Approximately 7 major chutes have been mined. The thicker chutes were between 30

and 50 feet thick and were 300 to 600 feet long. An average chute is estimated at 10

feet thick. The depth of the stopes is unknown as the vein was still present on the lower

levels of the workings although thinner and lower grade.

• The report recommends a US $7 million multi-year phased exploration program

consisting of 135 drill holes, representing approximately 30,000 meters of drilling on

seven targets. Each of the targets potentially contain multiple mineralized chutes each

potentially containing 300,000 to 700,000 tons of mineralized material grading 0.3 to 1.0

ounces of gold per ton (90,000 to 700,000 ounces of gold).

The potential grade and quantity noted is conceptual in nature and there has been insufficient

exploration to define a current mineral resource. It is uncertain if further exploration will result in

the target being delineated as a mineral resource. The potential quantity and grade has been

determined based on historical analysis.

The historic gold production on the Tr-Ue Vein system is as follows:

Mine Production

Period

Tons Average

Grade oz/t (g/t)

Gold Ounces

Recovered

United Western 1928-1940 40,000 0.30 (9.3) 12,000

United Eastern 1917-1923 550,000 1.12 (34.74) 616,000

Tom Reed/Tip

Top

1915-1928 250,000 0.7 (21.71) 175,000

Ben Harrison 1897-1928 250,000 0.7 (21.71) 175,000

Big Jim/Aztec 1921-1924 500,000 0.75 (23.26) 176,230

Black Eagle 1920’s 200,000 0.5 (15.51) 100,000

United American 1920’s 140,000 0.5 (15.51) 70,000

Total 1,930,000 0.69 (21.40) 1,324,230

Para’s CEO, Geoff Hampson states, “We are very pleased to announce the acquisition of

historic mines on the Tr-Ue vein system in the main part of the Oatman district and contiguous

to our Gold Road Mine and Mill complex. The Tr-Ue Vein properties acquired, historically

produced over 1,324,230 ounces of gold. For the first time the districts three largest historical

mines, Gold Road, United Eastern, and Tom Reed, have been consolidated into a single

package.” Hampson further states that, “These mines have historically been higher grade and

have greater thickness than the Gold Road Mine. We expect to be able to finance the proposed

exploration program over the next several years with the cash flow expected to be produced

from the Gold Road Mine when it resumes production.”

Para’s President, Ian Harris states, “The recent completion of the dewatering of the Gold Road

Mine and verification sampling will allow the completion of the soon to be released PEA, which

will be based solely on the potential Gold Road resource. The fact that the 500 TPD CIP Mill is

fully permitted to receive mineralized material and only kilometers away on pave road from the

Tr-Ue historic mining operations, present a unique opportunity to dramatically increase gold

production at the Company’s Gold Road operation.”

The Option Agreements now signed by the Company are summarized as follows:

Agreement1

Max

Term

(Years)

License

Fee

Year 12

License

Fee

Year 2

License

Fee

Year 3

License

Fee

Year 4

Termination

Date

Purchase

Price3

United

Western to

Telluride6

4

Years $50,000 $75,000 $100,000 $200,000 4/3/2022 $4,179,535

Blue Ridge 3

Years $5,000 $5,000 $5,000 n/a 4/3/2021 $347,490

United

Western

Extension

3

Years $5,000 $5,000 $5,000 n/a 4/3/2021 $365,910

Gold Ore 3

Years $5,000 $5,000 $5,000 n/a 4/3/2021 $375,000

Gold Road 3

Years $5,000 $5,000 $5,000 n/a 4/3/2021 $240,000

Silver Creek 2

Years $5,000 $5,000 n/a n/a 4/3/2020 $327,000

United

Western 7

15

years $10,000 $10,000 $10,000 $10,000 8/22/2032 $900,000

$85,000 $110,000 $130,000 $210,000 $6,734,935

1. All agreements are dated effective as of 4/4/2018. Optionors are variou s entities controlled by Stephen C.

Anderson -- United Eastern, L.C., Blue Ridge Capita l L.C., Black Eagle Investments, Inc., and Oatman

American, LLC, Oatman Crown City, LLC, Oatman Re d Creek Group, LLC, Oatman Ella Mitchell Group,

LLC, Oatman Neglected Group, LLC.

2. Optionee is Gold Road Mining Corp.

3. License Fees for Year 1 were directly paid on 4/ 4/18 by Optionee to Optionor via wire transfer outside of

escrow.

4. Purchase Prices are subject to adjustment based on acreages as determined by surveys.

5. License Fees paid are credited toward the Purchase Prices at Closing.

6. Exercise and Closing contingent upon completi on of acquisition of Oatman Water Company L.L.C.

7. United Western is a contract with La Questa LLC.

The Option Agreements also provide, in the aggregate for the issuance to Optionor, of up to

2,500,000 share purchase warrants of the Company, exercisable into common shares at $0.20

per common share. The share purchase warrants are exercisable only if Gold Road elects to

exercise the purchase option under a particular Option Agreement. The issuance of the share

purchase warrants is subject to approval of the TSX Venture Exchange.

The NI 43-101 Technical Report can be found on SEDAR at the following link:

http://bit.ly/2018Para43-101

Mr. James R Guilinger, SEG, MMSA#01172QP is a qualified person under NI 43-101 and is the

author of Technical Report on the Gold Road Mine, NI 43-101 Technical Report and is

responsible for the technical disclosure in this news release.

If the Company were to bring the Gold Road Mine into production without first establishing

mineral reserves supported by an NI 43-101 technical report and completing a feasibility study,

the Company cautions that this could result in higher risk of economic or technical failure of the

operation than if a feasibility study had been prepared demonstrating economic and technical

viability. There are no assurances that the Gold Road Mine will be found to be economic.

ABOUT PARA RESOURCES:

Para is a junior producing gold mining company. Para owns approximately 80% of the El Limon

project, in Colombia, which in addition to its current underground operation is purchasing

mineralized rock mined by small artisanal miners working on the Company’s property. The El

Limon and OTU properties also have explorat ion and development upside. The Company also

owns 88% of the Gold Road Mine in the Oatman District of Arizona. The Company has hired

RPM Global as consulting engineers in order to produce a NI 43-101 Technical Report, which it

expects, will establish a current Mineral Resource estimate and anticipates that it will publish a

NI 43-101 PEA thereafter. Para will continue to take advantage of current market conditions to

acquire and develop additional highly economic, near-term production assets that have strong

exploration and development upside.

Cautionary Notes:

This press release contains forward-looking information under Canadian securities

legislation. Forward-looking information. Generally, forward-looking statements can be identified

by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is

expected", "budget", "scheduled", "estimates", "forec asts", "intends", "anticipates" or "does not

anticipate", or "believes", or variations of such words and phrases or statements that certain

actions, events or results "may", "could", "woul d", "might" or "will be taken", "occur" or "be

achieved". All information contained in this new s release, other than statements of current and

historical fact, is forward looking information. Forward-looking statements are subject to known

and unknown risks, uncertainties and other factors that may cause the actual results, level of

activity, performance or achievements of Para to be materially different from those expressed or

implied by such forward-looking statements, in cluding but not limited to those risks described in

the annual information form of Para and in its public documents filed on SEDAR from time to

time. Forward-looking statements are based on the opinions and estimates of management as

of the date such statements are made. Although management of Para has attempted to identify

important factors that could cause actual results to differ materially from those contained in

forward-looking statements, there may be other factors that cause results not to be as

anticipated, estimated or intended. There can be no assurance that such statements will prove

to be accurate, as actual results and future events could differ materially from those anticipated

in such statements. Accordingly, readers should not place undue reliance on forward-looking

statements. Para does not undertake to update any forward-looking statements, except in

accordance with applicable securities laws. Para’s Readers should also review the risks and

uncertainties sections of Para's annual and interim MD&As.

On behalf of the Board of Directors

“C. Geoffrey Hampson”

_________________________

C. Geoffrey Hampson, Chairman, Chief Executive Officer and Director

For further information, please contact Andrea Laird, telephone: +1-604-259-0302

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.