t Ag, 0.59% Cu, 4.11% Zn and 0.85% Pb at the Gold-Rich La Plata VMS Project in Ecuador

TORONTO, ON--(Marketwired - October 11, 2017) - Toachi Mining Inc., ("Toachi" or the "Company") (TSX VENTURE: TIM) is pleased to announce results from on-going drilling at its La Plata gold-rich volcanogenic massive sulphide ("VMS") project, located 100 kilometres southwest of Quito, Ecuador.

Program Highlights

Hole CMLP-17-93 intersected 13.91 metres (m) of massive and disseminated sulphide mineralization grading 3.51 grams per tonne (g/t) gold, 64.24 g/t silver, 0.59% copper, 4.11% zinc, and 0.85% lead from 339.43 m in the La Mina South zone of the La Mina deposit.

Drilling Highlights

Hole (93)	From (m)	To (m)	m	Au (g/t)	Ag (g/t)	Cu (%)	Pb (%)	Zn (%)
CMLP-17-93	339.43	353.34	13.91	3.51	64.24	0.59	0.85	4.11

Core widths in CMLP-17-93 are not considered to be true widths. Gold assay composites were calculated using uncut assays.

A complete list of all intersections is available in Table 1 below along with a drill hole cross-section and plan map.

Program Results

The drill program began in August 2016 continued after the recently completed National Instrument 43-101 resource estimate, is designed to extend known mineralization within the resource area, and around the peripheries of the known mineralized corridor.

Complete details for the National Instrument 43-101 resource estimate are available in our press release dated September 13, 2017 and available on our website at www.toachimining.com or on SEDAR at www.sedar.com.

Hole CMLP-17-93 was completed in the northern portion of the La Mina South block, targeting the depth extension of the known VMS mineralization on the eastern flank. Hole CMLP-17-93 was successful in extending mineralization approximately 30 m down dip, and still remains open at depth.

Jonathan Goodman, President & CEO, stated, "While the overall grade of hole 93 is slightly below the average resource grade, this shows that the mineralization extends beyond the resource shells."