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Tinka CEO Announces Exercise of Stock Options

Mergers & Acquisitions Share Capital & Compensation

NEWS RELEASE July 19, 2017

TINKA CEO ANNOUNCES EXERCISE OF STOCK OPTIONS

Vancouver, Canada – Tinka Resources Limited ( “Tinka” or the “ Company”) (TSXV: TK) (OTCPK: TKRFF)

announces that Dr. Graham Carman, President, CEO and director o f Tinka, has exercised his Tinka stock options (the

“Stock Options”) to purchase 1,700,000 common shares of Tinka (the “ Tinka Shares”) which were due to expire on

August 5, 2017, with an exercise price of $0.37 per share, gene rating total proceeds to Tinka of C$629,000. In order to

fund the exercise of the Stock Options, Dr. Carman has agreed t o sell approximately 860,000 common shares of Tinka

in a series of private transactions designed to minimize the im pact on the stock price. As a result of the exercise of the

Stock Options and sale of the Tinka 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.

About Tinka Resources Limited

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

in the zinc-lead-silver belt of central Peru, 200 kilometres no rtheast of Lima. The Ayawilca Zinc Zone has an Inferred

Mineral Resource of 18.8 Mt at 8.2% Zinc Eq, and a Tin Zone Inf erred Mineral Resource of 5.4 Mt at 0.89% Tin Eq,

both open for expansion ( May 25, 2016). The Silver Zone at Colquipucro, 2 km north of the Zinc Zone, has Indicated

Mineral Resources of 2.9 Mt at 112g/t Ag for 10.4 Moz Ag and In ferred Mineral Resources of 2.2 Mt at 105g/t Ag for

7.5 Moz Ag hosted by oxidized silver-rich lenses less than 80 m etres from surface ( Feb. 26, 2015 ) . T h e q u a l i f i e d

person, Dr. Graham Carman, Tinka’s President and CEO, and a Fel low of the Australasian Institute of Mining and

Metallurgy, has reviewed and verified the technical contents of this release.

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: TK