Adventus Zinc Enters Into Option Agreement With Salazar Resources on the Curipamba Copper-Zinc-Gold Project and Forms Exploration Alliance in Ecuador - Seite 4

As part of the definitive option agreement, a shareholders' agreement between Adventus and Salazar shall become active once Adventus exercises its option to earn the 75% interest in the Project. Adventus shall retain 100% of the off-take rights on a commercially reasonable arms length basis and arrange any future financing package on behalf of the partners. Each party shall retain a right-of-first-offer on each other's interest after the option has been exercised. As at June 30, 2017, Salazar's wholly-owned Ecuadorian subsidiary holding the Project had assets of US$18.3 million, current liabilities of US$0.186 million, long term liabilities of US$18.9 million of which US$18.8 million related to an inter-company loan with Salazar (which loan will be an asset of the company that indirectly holds the Curipamba Project), revenues of nil and a net loss of US$0.277 million for the six month period ended June 30, 2017.

Adventus and Salazar have signed an exploration alliance memorandum of understanding ("MOU") to jointly explore for zinc-related deposits in the Republic of Ecuador. The venture is owned 80%/20% by Adventus and Salazar respectively, with Salazar operating the alliance in Ecuador, while Adventus shall fund commercial activities of new and approved exploration projects up to a construction decision. A steering committee will consist of two representatives from Adventus and one representative from Salazar.

Salazar and Adventus have received 50% plus one shareholder approval by written consent and conditional TSX-V approval ahead of this announcement. Closing of the transaction is expected upon final TSX-V approval, and the start of the Option will occur once Salazar has completed an internal reorganization. Adventus and Salazar are "non-arm's length parties" as they share an "insider" (each within the meaning of the policies of the TSX-V) in common.

In accordance with NI 43-101, Adventus will file a technical report in respect of the Curipamba Project on SEDAR within 180 days from the date hereof.

The scientific and technical information contained in this news release has been reviewed and approved by Kieran Downes, Ph.D., P.Geo. a Qualified Person as defined by National Instrument 43-101.

Dr. Lawrence Winter is the Qualified Person who has reviewed the Salazar disclosure referenced in this press release on behalf of Adventus. To the best of Adventus' knowledge, information, and belief, there is no new material scientific or technical information that would make the disclosure of Salazar's mineral resources or the technical report inaccurate or misleading.