Commences 3,000 Meter Diamond Core Drill Program ON BK16

TSODILO RESOURCES LIMITED

COMMENCES 3,000 METER DIAMOND CORE

DRILL PROGRAM ON BK16

FOR IMMEDIATE RELEASE February 16, 2017

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

(TSD)) is pleased to announce that it has commenced a drilling program utilizing its diamond core drill rigs on its

wholly owned BK16 kimberlite project. The purpose of this drilling program is to drill pilot holes on the sites which

have been earmarked for the Large Diameter Drill ("LDD") drilling program.

BK16

The BK16 kimberlite project is located within the Orapa Kimberlite Fie ld ( "OKF") in Botswana. The diamond

mines in Botswana have produced an average of 27 million carats annually in the last 10 years and Botswana is the

world’s largest producer of diamonds by value. In 201 6, the OKF area produced 8.85 million carats. Of the 83

known kimberlite bodies, nine have been or are currently being mined. These are AK1 (Orapa, Deb swana), AK6

(Karowe, Lucara Diamond Corporation), BK1, BK9, BK12 and BK15 ( Damtshaa, Debswana), DK1 and DK2

(Letlhakane, Debswana) and BK11 (Firestone Diamonds). The Karowe mine has produced such notable diamonds

as the 1,109 carat `Lesedi La Rona` and the 813 carat `Constellation`.

The diamondiferous BK16 kimberlite pipe is approximately 6 hectares in size at surface, and is known to contain

rare and valuable Type I Ia diamonds (see press release dated May 31, 2016 ). The following phases of kimberlite

were identified during the 2015 drilling program: Red volcaniclastic kimberlite VK1, Black VK2, Grey VK3 and

VKxxx also referred to as the basalt breccia, and coherent kimberlite CK1. A geological model based on the 3,050

meters of cor e recover in 2015 was completed in 2016. Kimberlite phases VK2 and VK3 are volumetrically the

most important and will be the focus of the LDD program. The placement of the initial 14 LDD holes was designed

to provide grade estimates for the main kimberlite phases as well as initial grade distribution across the kimberlite. Z

Star Mineral Resource Consultants (Cape Town, South Africa) was retained to optimize these objectives. The hole

diameter of the LDD holes will be 24-inch and the planned 14 holes will provide some 2,000 tons of kimberlite.

In order to correlate the diamond recoveries directly to the geological model and to ensure that the intersection of the

LDD holes are maximized it is necessary to probe all LDD sites with the above mentioned pilot core holes. The

cumulative depth of the core holes for this program is 3,000 meters and it is anticipated that the pilot holes will take

6 to 7 weeks to complete.

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 in Botswana. The Company has a 100% stake in its Gcwihaba

project area consisting of twenty-one (21) metal (base, precious, platinum group, and rare earth) prospecting licenses

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 may contain forward -looking statements. All statements, other than statements of historical fact,

that address activities, events or developments that the Company believes, expects or anticipa tes will or may occur

in the future (including, without limitation, statements pertaining to the use of proceeds, the impact of strategic

partnerships and statements that describe the Company’s future plans, objectives or goals) 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 actua l 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 eff ects on the Company. Factors that could cause

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

markets, changes in general economic conditions, political developments in Botswana and sur rounding countries,

changes to regulations affecting the Company's activities, uncertainties relating to the availability and costs of

financing needed in the future, exploration and development risks, 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 obliga tion 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 state ments are not guarantees of future

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

therein.

Neither the TSX Venture Exchange (“TSXV”) nor its Regulation Services Provider (as that term is defi ned in the

policies of the TSXV) accepts 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