Mistango River Resources Alerts Market to False Statements by Orefinders

FOR IMMEDIATE RELEASE - Mistango River Resources Alerts Market of False

Statements by Orefinders

KIRKLAND LAKE, ONTARIO, June 13, 2019: Mistango River Resources Inc. (CSE: MIS,

“Mistango”)

Orefinders Resources Inc. (“ Orefinders”) recently purchased Mistango shares in the secondary

market with a view to obtaining control of Mistango, and in particular Mistango’s Omega Property.

Since then, Orefinders has been spreading misleading information and false allegations in its news

releases.

Orefinders’ latest allegations are a classic case of blurring the facts to create confusion and

negative press to affect Orefinders’ desired result – eventual control of Mistango. In a press release

dated yesterday, Orefinders alleges that Mistango’s CFO has a “potential” conflict of interest

because she is also employed by an accounting firm Parker Simone LLP and Parker Simone LLP

is part of a global non-service network in which the auditors of Mistango are also associated with.

To be clear, Mistango’s auditors ar e Kreston GTA LLP. Kreston GTA LLP is a separate legal

entity from Kreston International, an English company which provides no services to clients and

is a global network of independent accounting firms. Parker Simone LLP, where Mistango’s CFO

works, is p art of this global network. Not only is there no conflict of interest in this type of

situation, but Chartered Professional Accountants’ Code of Professional Conduct says so.

Orefinders failed to mention that the Code specifically states:

“Another firm or entity will not be considered to be a network firm simply by virtue

of the existence of:

…co-operation to facilitate the referral of work or solely to respond jointly

to a request for a proposal for the provision of a professional service; or

- references on stationery or in promotional materials to an association

with other firms or entities that does not constitute a larger structure of co-

operating firms or entities as described in the definition of network firm;

The definition of a network f irm refers to co -operating entities that

share significant professional resources. Shared professional resources

may be considered to be significant where there is an exchange of people or

information, such as where staff is drawn from a shared pool, or a common

technical department is created within a larger structure to provide

participating firms or entities with technical advice that they are required to

follow. Shared professional resources will not be considered to be

significant when they are limited to common audit methodology or audit

manuals or a shared training endeavour, with no exchange of personnel or

client or market information. Similarly, the sharing of costs limited only to

the development of such common audit methodology, audit manuals or a

shared training endeavour will not be considered to give rise to a network

firm relationship.”

Based on the above, neither Parker Simone LLP, Kreston GTA LLP nor Kreston International LLP

are “network firms”. If Orefinders had read the CPA Code of Conduct carefully, it would have

known this fact. In any event, references to “network firms” refer to the entities themselves and

not to the persons who are partners or employees thereof. Therefore, no conflict exists.

Orefinders also claims that Mistango did not respond to these allegations. This is not true. The

allegations were responded to on May 28, 2019 in a letter from Mistango’s lawyer.

In its typical fashion, Orefinders’ disclosure is lacking and is attempting a ruse on shareholders.

Mistango will continue to work hard in the best interests of the corporation and stave off attacks

from self-serving entities.

__________________________

Mistango is a Canadian-based exploration and development company focusing on its Omega Mine

project, with other properties in Ontario. For additional information about Mistango and its mining

properties, please visit Mistango’s website:

www.mistangoriverresources.ca.

For further information please contact:

Donald Kasner, COO

Telephone: 1-705-567-5351

Fax: 1-705-567-5557

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