Sego Resources Plans $200,000 Financing - Drilling Delayed Due to Wildfire

SEGO RESOURCES INC.

Suite 310 -744 West Hastings Street Vancouver, BC V6C 1A5 TSX-V: SGZ Tel: (604) 682-2933 www.segoresources.com Toll Free: 1-866-683-2933

SEGO RESOURCES PLANS $200,000 FINANCING - DRILLING DELAYED DUE TO WILDFIRE

July 10, 2017 - Sego Resources Inc. (“Sego” or “the Company”) is proposing to raise up to $200,000 by way of a non-brokered private placement of units at $0.05 per unit (“the Offering”). Subject to certain limitations discussed below, the Offering is open to all existing Sego shareholders.

The Offering will consist of up to 4,000,000 units at $0.05 per unit for gross proceeds of up to $200,000. Each unit will consist of one common share and one two-year share purchase warrant. Each warrant will entitle the holder to purchase one common share at $0.075 in year one or at $0.10 in year two.

The Offering is open to all existing shareholders of the Company, and all interested investors, provided that a prospectus exemption is available for the Company to issue units to such investors. For existing shareholders who as of the close of business on July 10, 2017 held common shares of the Company and continue to hold common shares at the time of closing, an additional prospectus exemption is available pursuant to British Columbia Instrument 45-534 (and in similar instruments in other Provinces of Canada). Unless such shareholder is a person that has obtained advice regarding the suitability of the investment and, if such shareholder is resident in a jurisdiction of Canada, that advice has been obtained from a person that is registered as an investment dealer in such jurisdiction, the aggregate subscription cost to such shareholder for the units subscribed under the Existing Shareholder Exemption cannot exceed $15,000 or 300,000 units.

The Company will also utilize British Columbia Instrument 45-536 which opens private placements to non-accredited investors provided the purchaser has obtained advice regarding the suitability of the investment and that advice has been obtained from a person that is registered as an investment dealer in the jurisdiction. Completion of the private placement is subject to the TSX Venture Exchange approval.

There is no minimum offering size for the private placement and the maximum number of units proposed to be issued is 4,000,000 units for gross proceeds of up to $200,000. The Company intends to use proceeds of $125,000 for diamond drilling on the Miner Mountain Project, and $75,000 for working capital. The Company fully expects to spend the funds as stated.

Insiders may participate in the placement and finder’s fees may be payable in accordance with the policies of the TSX Venture Exchange. All securities issued in connection with the private placement are subject to a 4-month and one day hold period in accordance with applicable Canadian securities laws.

Drilling on the Miner Mountain Alkalic Copper-Gold Porphyry Project, near Princeton, BC, has been delayed due to a nearby wildfire and extreme fire conditions. The situation is being closely monitored and drilling will begin as soon as possible.

There is no material change about the Company that has not been generally disclosed.

Sego is 100% owner of the Miner Mountain Project, an alkalic copper-gold porphyry exploration project near Princeton, British Columbia. The property is 2,056.54 hectares in size and located 15 kilometres north of the Copper Mountain Mine operated by Copper Mountain Mining Corporation and Mitsubishi Materials Corporation. Sego has a Memorandum of Understanding with the Upper Similkameen Indian Band, on whose Traditional Territory the Miner Mountain Project is situated.

For further information please contact:

J. Paul Stevenson, CEO (604) 682-2933

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No regulatory authority has approved or disapproved the information contained in this news release.

This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statement of historical facts that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects re forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, statements are not guarantees of future performance and actual results or developments may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements.