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VAU.V ·

Aintree Announces Private Placement of up to $1 Million

Financings

Aintree Resources Inc.

Suite 600-666 Burrard Street, Vancouver, B.C V6C 2X8

Tel: 604 689 9600 Fax: 604 689 9610

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN

THE UNITED STATES

AINTREE ANNOUNCES PRIVATE PLACEMENT OF UP TO $1 MILLION

Vancouver, B.C. - May 12, 2017 - Aintree Resources Inc. (NEX:AIN.H) (the “Company”)

intends to complete a non -brokered private placement of up to 4,000,000 common shares at a

price of $0.25 per common share for gross proceeds of up to $1 ,000,000 (the “Offering”) .

Finder’s fees, if applicable, will be payable in accordance with NEX policies.

Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals,

including the approval of NEX. All securities is sued in connection with the Offering will be

subject to a hold period of four months plus a day from the date of issuance and the resale rules of

applicable securities legislation. The proceeds of the Offering will be used to settle Company

debts and ordin ary course payables, fund bonding obligations, consulting fees and expenditures

arising in connection with the Company’s Tonopah Property, and for general working capital

purposes.

On behalf of the Board of Directors,

Aintree Resources Inc.

“James Hesketh”

James Hesketh

President and CEO

Forward-Looking Information: This press release contains forward-looking information. 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

regarding the closing of the Offering and the use of proceeds of the Offering) are forward-looking

information. This forward-looking information reflects the current expectations or beliefs of the Company

based on information currently available to the Company. Forward-looking information is subject to a

number of risks and uncertainties that may cause the actual results of the Company to differ material ly from

those discussed in the forward-looking information, 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, failure to complete the proposed Offering. Forward -looking

information speaks only as of the date on which it is provided and, except as may be require d by applicable

securities laws, the Company disclaims any intent or obligation to update any forward -looking information,

whether as a result of new information, future events or results or otherwise, except as required under the

securities laws and stock exchange policies applicable to the Company. Although the Company believes

that the assumptions inherent in the forward-looking information are reasonable, forward-looking

information is not a guarantee of future performance and accordingly undue reliance should not be put on

such information due to the inherent uncertainty therein.

Neither 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 release.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR

DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED

STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED

HEREIN. THESE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER

THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE

SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR

TO, OR FOR THE BENEFIT OR ACCOUNT OF, U.S. PERSONS UNLESS REGISTERED OR

EXEMPT THEREFROM