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Tinka CEO Announces Exercise of Stock Options

Mergers & Acquisitions Share Capital & Compensation

NEWS RELEASE July 9, 2018

TINKA CEO ANNOUNCES EXERCISE OF STOCK OPTIONS

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

TKRFF) announces that Dr. Graham Carman, President, CEO and director of Tinka, has exercised Tinka stock options

(the “Stock Options”) to purchase 1,235,499 common shares of Tinka which were due to expire on July 11, 2018, with

an exercise price of $0.35 per share, generating total proceeds to Tinka of C$432,425. In order to partially fund the

exercise of the Stock Options, Dr. Carman has sold 400,000 Tink a shares in a private transaction intended to minimize

the impact on the stock price. As a result of the exercise of t he Stock Options and sale of the common shares, Dr.

Carman has increased his overall investment and share ownership in the Company.

Dr. Carman plans to maintain his remaining holdings in Tinka for investment purposes and may, in the future, take such

actions in respect to his holdings as he deems appropriate in l ight of circumstances then existing. Any additional

acquisitions or dispositions by Dr. Carman will be reported in accordance with National Instrument 55 – 104.

The Company also announces it has cancelled a total of 500,000 incentive stock options that were originally granted on

August 28, 2017, at an exercise price of $0.65 per common share , to a director of the Company. The cancelled stock

options were voluntarily surrendered by the director for no consideration.

About Tinka Resources Limited

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

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

Ayawilca Zinc Zone Inferred Mineral Resource estimate 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 ( Nov.

8, 2017, release). Drilling for resource extensions and the testing of new targets is ongoing.

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]

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

forward-looking information within the meaning of applicable se curities laws (collectively " forward-looking

statements"). All statements, other than statements of historical fact a re forward-looking statements. Forward-looking

statements are based on the beliefs and expectations of Tinka as well as assumptions made by and information currently

available to Tinka's management. Such statements reflect the c urrent risks, uncertainties and assumptions related to

certain factors including, without limitations, the Company’s e xpectations regarding mineral resource calculations,

capital and other costs varying significantly from estimates, p roduction rates varying from estimates, changes in world

metal markets, changes in equity markets, uncertainties relatin g to the availability and costs of financing needed in the

future, equipment failure, unexpected geological conditions, im precision in resource estimates or metal recoveries,

success of future development initiatives, competition, operati ng performance, environmental and safety risks,

community relations, and other development and operating risks. Should any one or more of these risks or uncertainties

materialize, or should any underlying assumptions prove incorre ct, actual results may vary materially from those

described herein. Although Tinka believes that assumptions inh erent in the forward-looking statements are reasonable,

forward-looking statements are not guarantees of future perform ance and accordingly undue reliance should not be put

on such statements due to the inherent uncertainty therein. Exc ept 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.

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