t Gold at Filo del Sol

VANCOUVER, May 16, 2018 /PRNewswire/ --

All $ are USD$

Filo Mining Corp (TSX-V, Nasdaq First North: FIL) ("Filo Mining", "Filo", or the "Company") is pleased to announce continued excellent results from the recently completed 2017/18 drill program at the Filo del Sol project in San Juan Province, Argentina and Region III, Chile. A total of 9,411 metres was drilled during the program, which was completed at the end of March, 2018. In total, 31 reverse circulation (RC) holes and 9 diamond drill (DD) holes were completed during the program. Assay results for 11 RC holes are presented here, and results from the remaining 9 DD holes will be released once the final assays have been received.

Highlights of Field Program:

Infill drilling is expected to convert a portion of the inferred oxide mineral resource to indicated
Step out drilling has extended mineralization beyond the current resource limits
Over 4.5 tonnes of material was collected for metallurgical, geotechnical and environmental testing
Geotechnical drilling has been completed

A full table of the drill hole intersections, collar information and a plan map showing the locations of the drill holes are included within this release.

Highlights from this second batch of drill holes include:

VRC156: 124m @ 0.69% Cu, 0.30 g/t Au, 18.2 g/t Ag
VRC158: 10m @ 0.40% Cu, 3.14 g/t Au, 5.5 g/t Ag
VRC161: 118m @ 0.42% Cu, 0.80 g/t Au, 59.4 g/t Ag
VRC163: 180m @ 0.54% Cu, 0.40 g/t Au, 3.0 g/t Ag
- Including 64m @ 1.10% Cu, 0.69 g/t Au, 1.8 g/t Ag
VRC164: 126m @ 0.65% Cu, 0.82 g/t Au, 54.6 g/t Ag
- Including 68m @ 0.74% Cu, 1.34 g/t Au, 100.1 g/t Ag

Commenting on today's results, Adam Lundin, CEO of Filo Mining stated, "The drill results from our 2017/18 field program continue to impress. The results released today, along with those we released on April 27 of this year, not only suggest that there is strong support to convert part of the inferred oxide mineral resource to the indicated category, they also support that testing for resource extension beyond the 2017 mineral resource limit at the Filo Del Sol Project is warranted. The results of the 2017/18 drilling will be incorporated into an updated mineral resource estimate to support the Pre-Feasibility Study ("PFS") which is currently underway."