SUPERIOR MINING INTERNATIONAL CORPORATON Issues Shares in Settlement of Debt

NEWS RELEASE

SUPERIOR MINING INTERNATIONAL CORPORATON

Issues Shares in Settlement of Debt

August 15, 2018 TSX-V: SUI.H

Vancouver, British Columbia: Superior Mining International Corporation (the “Company”)

announces that, further to its news release dated May 31, 2018, the Company has issued in the

aggregate 41,152,680 common shares to certain creditors in settlement of outstanding debts

totaling $2,057,634 at a deemed price of $0.05 per share. Certain related parties received in the

aggregate, 10,000,000 shares in settlement of debt owing to them. The securities issued pursuant

to this transaction are subject to a regulatory hold period ending December 16, 2018.

On behalf of the Board,

Brent Butler

President and Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of

this release.