All securities issued pursuant to the private placement are subject to a hold period expiring on

SILVER GRAIL RESOURCES LTD.

2130 Crescent Road Victoria, BC V8S 2H3 Phone: (778) 430-5680 Website: www.teuton.com

NEWS RELEASE---PRIVATE PLACEMENT COMPLETED

September 28, 2017, Vancouver, BC: Silver Grail Resources (“Silver Grail”) (“SVG”-TSX-V) is pleased to report that the private placement announced August 3, 2017 has been completed. On September 21, 2017, the TSX Venture Exchange accepted for filing documentation with respect to the private placement.

All securities issued pursuant to the private placement are subject to a hold period expiring on January 22, 2018. Proceeds of the private placement will be used to finance exploration of the company's mineral properties in the Stewart area of northwestern British Columbia and existing liabilities, as well as providing working capital for company expenses going forward.

Respectfully:

“Dino Cremonese, P.Eng.”

President, Silver Grail Resources Ltd.

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This news release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. Silver Grail Resources Ltd. does have an ongoing obligation to disclose material information, as it becomes available.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.