Change of Board Position

1120-1095 West Pender Street

Vancouver, British Columbia, V6E 2M6

Tel: 604.601.3651

August 3, 2017

Change of Board Position

VANCOUVER, B.C. Spanish Mountain Gold Ltd. (the “Company”) (TSX-V:SPA)

announces that due to his other personal commitments , Ian Watson has decided to step

down as Chairman but will remain a Director of the Company.

The Company wishes to thank Mr. Watson for his service as the Chairman since Mar ch

2011 and looks forward to his continuing involvement as a Director and a major

shareholder.

About Spanish Mountain Gold

Spanish Mountain Gold Ltd is focused on advancing its flagship Spanish Mountain gold

project in southern central British Columbia. The Company has adopted a two- zone

project approach in which the pit-delineated high grade core (the First Zone) of the multi-

million ounce resource is expected to sustain a robust stand- alone operation exceeding 24

years. The positive economics of the First Zone have been demonstrated in a Preliminary

Economic Assessment. Furthermore, the Second Zone could potentially expand and

extend the project’s production profile for decades. Additional information about the

Company is available on its website: www.spanishmountaingold.com

On Behalf of the Board,

SPANISH MOUNTAIN GOLD LTD.

Larry Yau,

Chief Executive Officer

Inquiries:

SPANISH MOUNTAIN GOLD LTD.

Phone: (604) 601-3651

E-mail: [email protected]

Website: www.spanishmountaingold.com

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.