International Prospect Ventures to Acquire 100% Interest in Pilbara Gold Properties and Appoints Robert Valliant to the Board of Directors - Seite 2

The Company also announces that it has granted incentive stock options to its directors and a consultant entitling the purchase of an aggregate 595,000 common shares of the Company at a per share exercise price of $0.265 until December 12, 2027.

Through the acquisition of Valroc, the Company has an application pending approval for 100% ownership of 8 properties in an area southeast of Karratha, Western Australia, covering a total area of approximately 927 sq-km (see news release November 14, 2017). The strategic locations of the claims were determined on the basis of a review of known geology and historical exploration results, and a focus on coarse-grained conglomerate host rocks at, or in proximity to, a prominent and well-documented geological unconformity (see Property Maps).

Several early-stage gold discoveries in the area southeast of Karratha, have been reported by a number of companies including Novo Resources Corp. (TSX VENTURE:NVO) www.novoresources.com, De Grey Mining Ltd. (ASX:DEG) www.degreymining.com.au, Artemis Resources Ltd. (ASX:ARV) www.artemisresources.com.au, and Calidus Resources Ltd. (ASX:CAI) www.calidus.com.au. Collectively, these gold discoveries appear to indicate a potentially gold-rich district, analogous in broad geological terms to the Witwatersrand Basin and its related clastic sedimentary-hosted gold deposits.

Dr. Scott Jobin-Bevans (PhD, PMP, P.Geo.), a Director of the Company, is the Qualified Person (as that term is defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects) who has reviewed this news release and is responsible for the technical information reported herein.

Property Map 1

Property Map 2

Forward Looking Statements:

This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.