Tsodilo Resources Limited (TSX

NEWS RELEASE

TSODILO RESOURCES LIMITED

October 2, 2018 Trading Symbol: TSXV: TSD #10022018

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

wishes to announce the resignation of Mr. Patrick C. McGinley from the Board of Directors effective October 1,

2018. The Company would like to thank Mr. McGinley for his service and wish him well in his future endeavors.

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 Boso to (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 kimberli te 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.

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 anticipates 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 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 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 surrounding 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 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 inherent uncertainty

therein.

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