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TK.V ·

Tinka Announces Grant of Stock Options

Share Capital & Compensation

TINKA RESOURCES LIMITED

#1305 – 1090 WEST GEORGIA STREET

VANCOUVER, B.C. V6E 3V7

Tel: (604) 685 9316 Fax (604) 683 1585

Website: www.tinkaresources.com

TSXV & BVL: TK OTCPK: TKRFF

NEWS RELEASE May 9, 2018

TINKA ANNOUNCES GRANT OF STOCK OPTIONS

Vancouver, Canada – Tinka Resources Limited ( “Tinka” or the “ Company”) ( T S X V & B V L : T K)

(OTCPK: TKRFF) announces the granting of stock options (the “Options”) to certain directors, officers and

consultants to purchase an aggregate of 4,345,000 common shares (the “Optioned Shares”) of the Company

at an exercise price of $0.50 per Optioned Share, expiring on the date that is four years from the date of grant.

The Options were issued pursuant to the terms of the Company’s Option Plan and are subject to a vesting

provision that prevents holders thereof from exercising the Opt ions for a period of twelve months from the

date of grant.

On behalf of the Board,

“Graham Carman”

Dr. Graham Carman, President & CEO

Investor Information:

www.tinkaresources.com

Rob Bruggeman 1.416.884.3556

[email protected]

Company Contact:

Mariana Bermudez, 1.604.699.0202

[email protected]

About Tinka Resources Limited

Tinka is an exploration and development company with its flagship property being the 100%-owned Ayawilca carbonate

replacement deposit (CRD) in the zinc-lead-silver belt of centr al Peru, 200 kilometres northeast of Lima. The Ayawilca

Zinc Zone Inferred Mineral Resource estimate now consists of 42 .7 Mt at 6.0 % zinc, 0.2 % lead, 17 g/t silver & 79 g/t

indium, and a Tin Zone Inferred Mineral Resource of 10.5 Mt at 0.63 % tin, 0.23 % copper & 12 g/t silver (for further

information, refer to Tinka’s press release dated November 8, 2017). Drilling for resource extensions and the testing of

new targets is ongoing. The qualified person, Dr. Graham Carma n, Tinka’s President and CEO, and a Fellow of the

Australasian Institute of Mining and Metallurgy, has reviewed and approved the scientific and technical contents of this

release.

Forward Looking Statements: Certain information in this news release contains forward-look ing statements and forward-looking

information within the meaning of applicable securities laws (collectively "forward-looking statements"). All statements, other than

statements of historical fact are forward-looking statements. F orward-looking statements are based on the beliefs and expectat ions of

Tinka as well as assumptions made by and information currently available to Tinka's management. Such statements reflect the current

risks, uncertainties and assumptions related to certain factors including, without limitations, d rilling results, the Company’ s

expectations regarding mineral resource calculations, capital a nd other costs varying significantly from estimates, production rates

varying from estimates, changes in world metal markets, changes in equity markets, uncertainties relating to the availability and costs

of financing needed in the future, equipment failure, unexpecte d geological conditions, imprecisi on in resource estimates or m etal

recoveries, success of future development initiatives, competit ion, operating performance, environmental and safety risks, del ays in

obtaining or failure to obtain n ecessary permits and approvals from local authorities, community agreements and relations, and other

development and operating risks. Should any one or more of thes e risks or uncertainties materialize, or should any underlying

assumptions prove incorrect, actual results may vary materially from those described herein. Although Tinka believes that assumptions

inherent in the forward-looking statements are reasonable, forw ard-looking statements are not guarantees of future performance and

accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Except as may be required by

applicable securities laws, Tinka disclaims any intent or obligation to update any forward-looking statement.

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 news release