Annual General Meeting Results

TSODILO RESOURCES LIMITED

ANNUAL GENERAL MEETING RESULTS

FOR IMMEDIATE RELEASE March 26, 2018

TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo" or the "Company") (TSX

Venture Exchange: TSD) is pleased to announce that at its Annual General Meeting of

shareholders held on March 23, 2018, the following directors were elected: James M. Bruchs,

Thomas S. Bruing ton, Michiel C.J. de Wit, Jonathan R. Kelafant , Blackie Marole, Patrick C.

McGinley and Mark Scowcroft.

The shareholders also approved the appointment of Ernst & Young LLP, Vancouver, Canada, as

Auditors of the Company.

Grant of Stock Options

Under the terms of its Stock Option Plan, Tsodilo granted 500,000 options to seven directors,

50,000 to an employee and 50,000 to an advisor at an exercise price of C$ 0.55 per share. These

options vest as to 25% effective March 26, 201 8, and 25% on each of the sixth, twelfth and

eighteenth month anniversaries of the date of the grant. The options are valid for five years.

About Tsodilo Resources Limited

Tsodilo Resources Limited is an international diamond and metals exploration company engaged

in the search for economic diamond and metal deposits at its Bosoto (Pty) Limited ("Bosoto") and

Gcwihaba Resources (Pty) Limited ("Gcwihaba") projects in Botswana and its Idada 361 (Pty)

Limited ("Idada") project in Barberton, South Africa. The Company has a 100 % stake in Bosoto

(Pty) Ltd. which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in

Botswana and the PL216/2017 diamond prospection license also in the OKF. The Company has a

100% stake in its Gcwihaba project area consisting of seven metal (base, precious, platinum group,

and rare earth) prospecting licenses all located in the North -West district of Botswana.

Additionally, Tsodilo has a 70% stake in Idada Trading 361 (Pty) Limited which holds the gold

and silver exploration license in the Barberton area of South Africa. Tsodilo manages the

exploration of the Gcwihaba, Bosoto and Idada projects. Overall supervision of the Company's

exploration program is the responsibility of Dr. Mike de Wit, President and COO of the Company

and a "qualified person" as such term is defined in National Instrument 43-101.

The Company has offices in Toronto, Canada and Gaborone and Maun, Botswana. Please visit the

Company's website, www.TsodiloResources.com, for additional information and background on

our projects.

This press release contains forward-looking statements. All statements, other than statements of historical fact, that

address activities, events or developments that the Company believes, expects or anticipates will or may occur in the

future (including, without limitation, statements relating to the development of the Company's projects) are forward-

looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based

on information currently available to the Company. Forward-looking statements are subject to a number of risks and

uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-

looking statements, and even if such actual results are realized or substantially realized, there can be no assurance

that they will have the expected consequences to, or effects on the Company. Factors that could cause actual resu lts

or events to differ materially from current expectations include, among other things, changes in equity markets,

political developments in Botswana and surrounding countries, changes to regulations affecting the Company's

activities, uncertainties rela ting to the availability and costs of financing needed in the future, the uncertainties

involved in interpreting exploration results and the other risks involved in the mineral exploration business. Any

forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable

securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as

a result of new information, future events or results or otherwise. Although the Company believes that the assumptions

inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future

performance and accordingly undue reliance should not be put on such statements due to the inhere nt uncertainty

therein.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this

news release. This news release may contain assumptions, estimates, and other forward-looking statements regarding

future events. Such forward -looking statements involve inherent risks and uncertainties and are subject to factors,

many of which are beyond the Company's control, which may cause actual results or performance to differ materially

from those currently anticipated in such statements.

FOR FURTHER INFORMATION PLEASE CONTACT:

James M. Bruchs Chairman and Chief Executive Officer [email protected]

Dr. Mike de Wit President and Chief Operating Officer [email protected]

Head Office Telephone +1 416 572 2033 Facsimile + 1 416 987 4369

Website http://www.TsodiloResources.com