Crown Mining Completes $100,000 Private Placement

CROWN MINING COMPLETES $100,000 PRIVATE PLACEMENT

TORONTO, CANADA, October 10, 2018 – Crown Mining Corp., (“ Crown” or the

“Company”) (TSX Venture: CWM) is pleased to announce that it has completed a non-brokered

private placement previously a nnounced on September 24, 2018 (the “Private Placement”) for

aggregate gross proceeds of $100,000. The Private Placement involved the issuance of

1,000,000 units (“Units”) at a price of $0.10 per Unit for gr oss proceeds of $100,000. Each Unit

consists of one common share in the capital stock the Company (a “Common Share”) and one

warrant. Each warrant will en title the holder to purchase one Common Share for $0.20 at any

time within 2 years after closing subject to an acceleration clause . All securities issued pursuant

to this Private Placement will be subject to a four-month hold period.

Insiders of the Company acquire d directly and indirectly a to tal of $55,000 worth of Units or

550,000 Units in the Private Placement on the same basis as other participants. The direct and

indirect participation in the Private Placement by an insider of the Company constitutes a “related

party transaction” as su ch term is defined under Multilater al Instrument 61-101 – Protection of

Minority Security Holders in Special Transactio ns (“MI 61-101”). The Company is relying on

the exemptions from the formal valuation and minority approval requirements under MI 61-101.

A material change report in connection with th e Private Placements will be filed less than 21

days before the closing of th e Private Placement. The Company believes this shorter period is

reasonable and necessary in the circumstances as the Company wished to complete the Private

Placements in a timely manner.

The Company will use the proceeds of the Pr ivate Placement for general working capital

purposes.

About Crown Mining Corp

Crown controls approximately 15 square miles of patented and unpatented federal mining claims

in the Light’s Creek Copper District in north-east California; essentially, the entire District. The

District contains substantial copper (silver) sulfide and copper oxide resources in three deposits –

Moonlight, Superior and Engels, as well as several partially te sted and unteste d exploration

targets.

Crown recently filed a National Instrument 43- 101 technical report entitled “Technical Report

and Preliminary Economic Assessment for th e Moonlight Deposit” dated March 2, 2018 on

Sedar. A copy is also available on the Company’s website.

The Superior and Engels Mines operated from about 1915-1930 producing over 161 million

pounds of copper from over 4 million tons of rock containing 2.2% copper with silver and gold

credits. The Moonlight Deposit was discovered by Placer Amex during the 1960’s.

Mr. George Cole is the Qualified Person pursu ant to NI 43-101 responsible for the technical

information contained in this news release, and he has reviewed and approved this news release.

For more information please see the Crown website at www.crownminingcorp.com.

For Further Information Contact:

Mr. Stephen Dunn, President, CE O and Director, Crown Mining Corporation (416) 361-2827 or

email [email protected].

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 press release.

This press release contains forward-looking statements within the meaning of applicable Canadian and U.S.

securities laws and regulations, including statements regarding the future activities of the Company. Forward-

looking statements reflect the current beliefs and expectat ions of management and are identified by the use of words

including “will”, “anticipates”, “expected to”, “plans”, “p lanned” and other similar words. Actual results may

differ significantly. The achievement of the results expressed in forward-looking statements is subject to a number of

risks, including those described in the Company’s manag ement discussion and analysis as filed with the Canadian

securities regulatory authorities which are available at www.sedar.com. Investors are cautioned not to place undue

reliance upon forward-looking statements.

This news release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any

jurisdiction. The common shares will not be and have not been registered under the United States Securities Act of

1933 and may not be offered or sold in the United St ates absent registration or applicable exemption from the

registration requirements.