March 13, 2019

TSX-V: MSR

March 13, 2019

Minsud Announces Closing of Non-Brokered Private Placement for Gross Proceeds of $527,800

TORONTO, ONTARIO – Minsud Resources Corp. (TSX-V: MSR) (“Minsud” or the “Company”) is pleased to announce the closing of a non-brokered private placement offering of units in Minsud (the “Units”) for gross proceeds of $527,800 (the “Private Placement”). In connection with the closing of the Private Placement, which was initially announced on February 25, 2019, Minsud issued 5,278,000 Units at a price of $0.10 per Unit with each Unit comprising of one common share in the capital of the Company (the “Shares”) and one common share purchase warrant (the “Warrants”). Each Warrant is exercisable into one Share at $0.15 until March 13, 2021.

The net proceeds will be used to continue exploring the Cu-Mo-Ag-Au deposit at the Chita Valley Project, payments related to option agreements and financing of mining rights acquisitions, as well as working capital and corporate overhead requirements.

Insiders of the Issuer purchased an aggregate of 2,667,000 Units. The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(a) of MI 61-101 in respect of such insider participation. The Company did not file a material change report more than 21 days before the expected closing of the Private Placement as the details of the participation by such insiders was not settled until shortly prior to closing of the Private Placement.

The securities issued in connection with the closing of the Private Placement will be subject to a four month hold period expiring on July 14, 2019. No commission or finder’s fee was paid in connection with the Private Placement.

About Minsud Resources Corp.:

Minsud is a mineral exploration company focused on exploring its flagship Chita Valley Cu-Mo-Au-Ag Project, in the Province of San Juan, Argentina. The Company also holds a 100% owned portfolio of selected early stage prospects, including 10,000 ha in Santa Cruz Province, Argentina.

FOR FURTHER INFORMATION PLEASE CONTACT

Carlos Massa
President and Chief Executive Officer
info@minsud.com

Mike Johnston
416-479-4466
mike@minsud.com

February 25, 2019

TSX-V: MSR

February 25, 2018

Minsud Announces Non-Brokered Private Placement

TORONTO, ONTARIO – Minsud Resources Corp. (TSX-V:MSR) (“Minsud” or the “Company”) announces that it intends to complete, subject to the approval of the TSX Venture Exchange (the “TSXV“), a non-brokered private placement of units of the Company (“Units“) for gross proceeds of up to $ 550,000 (the “Private Placement“) at $0.10 per Unit, with each Unit consisting of one common share of the Company (each, a “Share“) and one common share purchase warrant (a “Warrant“). Each Warrant is exercisable into one Share at $0.15 for a term of two years from the date of issue.

The net proceeds will be used to continue exploring the Cu-Mo-Ag-Au deposit at the Chita Valley Project, payments related to option agreements and financing of mining rights acquisitions, as well as working capital and corporate overhead requirements.

No commission or finder’s fee will be paid in connection with the Private Placement. The Shares will be subject to a hold period of four months and a day from their date of issuance. The Company expects to complete the Private Placement within 30 days.

A portion of the gross proceeds is expected to be subscribed for by insiders of the Company. fAny such subscription will be considered to be a related party transaction within the meaning of TSX-V Policy 5.9 which incorporates Multilateral Instrument 61-101 (“MI 61-101“). The Company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(a) of MI 61-101 in respect of such insider participation.

About Minsud Resources Corp.:

Minsud is a mineral exploration company focused on exploring its flagship Chita Valley Cu-Mo-Au-Ag Project, in the Province of San Juan, Argentina. The Company also holds a 100% owned portfolio of selected early stage prospects, including 18,000 ha in Santa Cruz Province, Argentina.

FOR FURTHER INFORMATION PLEASE CONTACT

Carlos Massa
President and Chief Executive Officer
info@minsud.com

Mike Johnston
416-479-4466
mike@minsud.com

June 13, 2018

TSX-V: MSR

June 13, 2018

Minsud Announces Closing of Non-Brokered Private Placement for Gross Proceeds of $823,000

TORONTO, ONTARIO – Minsud Resources Corp. (TSX-V: MSR) (“Minsud” or the “Company”) is pleased to announce the closing of a non-brokered private placement offering of units in Minsud (the “Units”) for gross proceeds of $823,000 (the “Private Placement”). In connection with the closing of the Private Placement, which was initially announced on May 16, 2018, Minsud issued 8,230,000 Units at a price of $0.10 per Unit with each Unit comprising of one common share in the capital of the Company (the “Shares”) and one common share purchase warrant (the “Warrants”). Each Warrant is exercisable into one Share at $0.15 until June 13, 2020.

The net proceeds will be used to continue exploring the Cu-Mo-Ag-Au deposit at the Chita Valley Project, payments related to option agreements and financing of mining rights acquisitions, as well as working capital and corporate overhead requirements.

Insiders of the Issuer purchased an aggregate of 3,764,000 Units. The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(a) of MI 61-101 in respect of such insider participation. The Company did not file a material change report more than 21 days before the expected closing of the Private Placement as the details of the participation by such insiders was not settled until shortly prior to closing of the Private Placement.

The securities issued in connection with the closing of the Private Placement will be subject to a four month hold period expiring on October 14, 2018. No commission or finder’s fee was paid in connection with the Private Placement.

About Minsud Resources Corp.:

Minsud is a mineral exploration company focused on exploring its flagship Chita Valley Cu-Mo-Au-Ag Project, in the Province of San Juan, Argentina.

The Company also holds a 100% owned portfolio of selected early stage prospects, including 18,000 ha in Santa Cruz Province, Argentina.

FOR FURTHER INFORMATION PLEASE CONTACT

Carlos Massa
President and Chief Executive Officer
info@minsud.com

Mike Johnston
416-479-4466
mike@minsud.com

May 16, 2018

TSX-V: MSR

May 16, 2018

Minsud Announces Non-Brokered Private Placement

TORONTO, ONTARIO – Minsud Resources Corp. (TSX-V:MSR) (“Minsud” or the “Company”) announces that it intends to complete, subject to the approval of the TSX Venture Exchange (the “TSXV“), a non-brokered private placement of units of the Company (“Units“) for gross proceeds of up to $ 800,000 (the “Private Placement“) at $0.10 per Unit, with each Unit consisting of one common share of the Company (each, a “Share“) and one common share purchase warrant (a “Warrant“). Each Warrant is exercisable into one Share at $0.15 for a term of two years from the date of issue.

The net proceeds will be used to continue exploring the Cu-Mo-Ag-Au deposit at the Chita Valley Project, payments related to option agreements and financing of mining rights acquisitions, as well as working capital and corporate overhead requirements.

No commission or finder’s fee will be paid in connection with the Private Placement. The Shares will be subject to a hold period of four months and a day from their date of issuance.  The Company expects to complete the Private Placement within 30 days.

A portion of the gross proceeds is expected to be subscribed for by insiders of the Company. Any such subscription will be considered to be a related party transaction within the meaning of TSX-V Policy 5.9 which incorporates Multilateral Instrument 61-101 (“MI 61-101“). The Company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(a) of MI 61-101 in respect of such insider participation.

About Minsud Resources Corp.:

Minsud is a mineral exploration company focused on exploring its flagship Chita Valley Cu-Mo-Au-Ag Project, in the Province of San Juan, Argentina. The Company also holds a 100% owned portfolio of selected early stage prospects, including 18,000 ha in Santa Cruz Province, Argentina.

FOR FURTHER INFORMATION PLEASE CONTACT

Carlos Massa
President and Chief Executive Officer
info@minsud.com

Mike Johnston
416-479-4466
mike@minsud.com

February 7, 2018

TSX-V: MSR

February 7, 2018

Mineral Resource Estimate at the Chita Valley

Cu-Au-Ag-Mo Project, San Juan, Argentina

Large portion of Cu Mineral Resource upgraded to Indicated Category.

TORONTO, ONTARIO – Minsud Resources Corp. (TSX-V: MSR) (“Minsud” or the “Company”) completed 67 HQ diamond drill holes totaling 10,565 metres (“m”) in 2011, 2014, 2015, 2016 and 2017 in the southern Chita Porphyry sector of the Chita Valley Project (see earlier press releases dated September 6, 2011, January 26, 2012, June 30, 2014, November 4. 2014, December 10, 2015, November 1, 2016 and January 2, 2018). Four historical holes completed in 1969, three holes from 1976 and one RC hole from 1996, most of which have been re-sampled and re-analyzed by Minsud, are added to the drilling database. The total database utilized for the updated Mineral Resource Estimate includes 74 core holes and 1 reverse circulation hole totaling 11,613 m and 150 m, respectively for a combined total of 11,763 m (see Table 1 below). The drill holes tested a substantial zone of Cu-Au-Ag-Mo mineralized multi-stage vein systems and hydrothermal breccias.

In March 2015, Minsud retained P&E Mining Consultants Inc. (“P&E”) of Brampton, Ontario to review project data and prepare a Technical Report that complied with Canadian National Instrument 43-101 standards. The report included an initial Mineral Resource Estimate (conceptual open pit constrained) at a 0.3% Cu cut-off of 18.3 million tonnes averaging 0.44% Cu, 0.07 g/t Au, 2.4 g/t Ag and 0.019% Mo estimated under the CIM definition standards. In October 2015, Minsud again retained P&E to review more recently obtained project data and prepare an updated Technical Report and updated Mineral Resource Estimate. The second report included an in-pit Mineral Resource Estimate at a 0.3% Cu cut-off of 31.5 million tonnes averaging 0.45% Cu, 0.07 g/t Au, 2.2 g/t Ag and 0.017% Mo estimated under the CIM definition standards. All Mineral Resources were classified as Inferred category. In December 2016, Minsud again retained P&E to review additional project data prepare a third pit constrained Inferred Mineral Resource estimate to CIM definition standards. At a 0.3% Cu cut-off the updated resources totaled 37.0 million tonnes averaging 0.44% Cu, 0.07 g/t Au, 2.2 g/t Ag and 0.018% Mo. The Technical Reports dated June 19, 2015 and February 1, 2016 and the updated Mineral Resource estimate dated December 31, 2016 are publicly filed under the Company’s profile at www.sedar.com .

A Bioleach process test work on Chita samples was completed at CodelcoTech Spa laboratory in Santiago, Chile. Bioleaching followed by SX-EW processes results in the production of high quality LME grade copper metal at typically a low capital and operating cost. In January 2017, the Company submitted six representative drill core samples to CodelcoTech whose testwork was completed in the third quarter of 2017 (see the Company’s Q3 MD&A at www.sedar.com.

1. All six samples were evaluated for bioleaching potential by diagnostic through Selective Copper Extraction Tests (“S. E. T.”) which reported values ranging between 80% and 95% of the total contained copper. Samples Met1, Met2 and Met4 S.E.T, test values were 82%, 80% and 83%, respectively.
2. Three of the six samples (Met1, Met2 & Met4) were then evaluated by bioleaching tests in columns of 60 cm height and 4 kg capacity to verify the copper recovery potential delivered by the S.E.T. tests, primarily to determine the dissolution kinetics of copper. The column tests results for samples Met1, Met2 and Met4 test values were closely similar to those of the S.E.T. tests, reaching to 80%, 79% and 80%, respectively.

In the opinion of CodelcoTech the introduction of a wash stage at the end of a primary bioleaching cycle can increase the copper extraction value by 3 to 4% mainly by recovering the residual impregnated solution.

In November 2017, Minsud again retained P&E Mining Consultants Inc.  to prepare an updated Technical Report and Mineral Resource Estimate. In P&E’s opinion, the drilling, assaying and exploration work of the Chita Porphyry supporting this Mineral Resource Estimate are sufficient to indicate a reasonable potential for economic extraction. All Mineral Resources at a 0.25% Cu cut-off were classified as Indicated or Inferred category based on the geological interpretation, semi-variogram performance and drill hole spacing. An important milestone is that the Company has a large proportion of Indicated Resources, approximately 80% of the total Mineral Resources. The Mineral Resource Estimate is shown in Table 2 below. The Technical Report is expected to be filed in early to mid-March 2018.

(1) Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. It is noted that no specific issues have been identified as yet

(2) The Inferred Mineral Resource in this estimate has a lower level of confidence that that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.

(3) The Mineral Resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council.

(4) The 0.25% Cu Mineral Resource Estimate cut-off grade was derived from the Nov 30/17 two year trailing average Cu price of US$2.46/lb, 78% process recovery, US$8/t process cost, and US$2.50/t G&A cost. An optimized pit shell was utilized for Mineral Resource reporting that utilized a US$2/t mining cost and 45 degree pit slopes.

Mineral Resources are sensitive to the selection of a reporting Cu cut-off grade.  The Chita pit constrained Mineral Resource Estimate sensitivity of the Cu cut-off grade is demonstrated in Table 3 and illustrated in Figure 1 below.

Figure 1: Chita Conceptual Pit Constrained Inferred Resource Diagram (oblique view looking North).

Map 1: Chita Porphyry Surface Geology and Drill Hole Locations

The mineralized sections include disseminated sulphides as well as A, B and D-type veins hosted by multiple stages of epizonal intrusions and hydrothermal breccias. The complex mineralization styles are not conducive to the classical concepts of true thickness measurement, therefore vertical thickness determinations that would conform to conceptual pit design parameters are used instead. Lithological units (Map 1), alteration patterns (Map 2) are shown in the following diagrams. All pertinent lithological, alteration and magnetic features extend beyond the current drilling pattern.

Map 2: Chita Porphyry Surface Alteration and Drill Hole Locations

It is noted that the Mineral Resource outline drilling to date is mainly confined to the outcropping southern part of the Chita Porphyry system. Prospective areas in the central and northern sectors of the Chita Porphyry are largely untested, as are similar porphyry areas located to the west (Chinchillones and Placetas Porphyries).

All Company drill core samples and check samples of historical drilling were submitted to either the Alex Stewart Argentina S.A. or the ALS Minerals Laboratories in Mendoza, Argentina for preparation and analysis. Both are certified to ISO-9001 international standards. All samples were analyzed for Au by fire assay/ AA finish, 50 or 30 g, plus a 33-element ICP scan. Minsud followed industry standard procedures for the work with a quality assurance/quality control (QA/QC) program. Field duplicates, standards and blanks were included with all sample shipments to the principal laboratory. A representative selection of pulps has also been submitted to ISO-9001 certified referee laboratory, Alex Stewart (Assayers) Argentina SA in Mendoza for analysis. Minsud’s company QP, Mr. Howard Coates, P. Geo., conducted site visits and detected no significant QA/QC issues during review of the data. In addition, P&E geologist and Independent QP, Mr. David Burga, P. Geo., conducted site visits and collected suites of field duplicate core samples for verification purposes in March and November, 2015 and November 2017. Again, there were no significant issues.

Minsud is encouraged by the generally consistent elevated concentrations of Cu, Ag and Mo as well as the more localized anomalous Au values. With maximum elevation in the sector below 3,100 m ASL (meters above mean sea level) field conditions are benign on a year round basis and no active alpine glaciers are possible below approximately 4,100 m ASL.

Minsud plans to continue investigating the commercial possibilities for processing and recovering the key metals while at the same time conducting additional drilling to further delimit the deposit and evaluate the grade distribution of the mineralization.

Mr. Howard Coates, P.Geo., Director of the Company and a geological consultant, is a Qualified Person as defined by Canadian National Instrument 43-101. Mr. Eugene Puritch, P.Eng,, FEC, CET, President of P&E Mining Consultants Inc. and an Independent Qualified Person along with Mr. Coates have both reviewed and approved the contents of this news release.

Carlos Massa, Minsud’s President & CEO, states: “With a large portion of pit constrained Indicated Mineral Resources now established at Chita South, Minsud has reached a major milestone for economic analysis. This clearly demonstrates the value of the Company’s cost efficient systematic exploration approach. Management is also encouraged by the Chita Valley Project’s widespread exploration potential for additional porphyry Cu mineralization (both primary and secondary) as well as low-sulphidation Au/Ag mineralization.”

About the Chita Valley Project, San Juan Province:

The Chita Valley Project is a large exploration stage porphyry situation with classic alteration features, widespread porphyry style Cu-Mo-Ag-Au mineralization, and associated gold and silver-bearing polymetallic veins. In addition to the Chita resource area, the project includes a cluster of largely untested mineralized porphyries including Chinchillones and Placetas porphyries. San Juan Province of Argentina has a robust mining sector and recognizes the important economic benefits of responsible development of its substantial Mineral Resource endowment.

About Minsud Resources Corp.:

Minsud is a mineral exploration company focused on exploring its flagship Chita Valley Cu-Mo-Au-Ag Project, in the Province of San Juan, Argentina.

The Company also holds a 100% owned portfolio of selected early stage prospects, including 18,000 has in Santa Cruz Province, Argentina.

FOR FURTHER INFORMATION PLEASE CONTACT

Carlos Massa
President and Chief Executive Officer
info@minsud.com

Mike Johnston
416-479-4466
mike@minsud.com

January 2, 2018

TSX-V: MSR

January 2, 2018

Correction: Minsud Announces Drilling Results at its

Chita Valley Project, San Juan, Argentina

TORONTO, ONTARIO – The press release that follows (originally released on December 29, 2017 and filed under Minsud’s profile at www.sedar.com) is being re-released due to formatting issues with the tables and map, in addition to the last table being mislabelled. All issues have been corrected and the complete and corrected release follows.

Minsud Resources Corp.  (TSX-V: MSR) (“Minsud” or the “Company”) recently completed a 1,455 metre HQ diamond drilling program in the Chita South Porphyry sector of its Chita Valley Project.  The program included 8 new holes together with deepening of 7 existing holes.  The main objective was to continue outlining Cu-Au-Ag-Mo mineralization and Inferred Resources at relatively shallow depth beneath the zone of surface weathering and oxidation (See National Instrument 43-101 Technical Report dated February 1, 2016 available under the Company’s profile at www.sedar.com (the “Mineral Resource Estimate”)).

The mineralized sections include disseminated sulphides as well as A, B and D-type veins hosted by multiple stages of epizonal intrusions and hydrothermal breccias. Better Cu values are typically associated with the zone of supergene enrichment and the transition to primary mineralization at depth.  Epithermal quartz veins that typically post date the porphyry mineralization are known throughout the Chita Valley Project area. This vast under-explored target concept has widespread moderate to high grade Au-Ag values from drill holes and surface samples that remain untested.

Highlights include 86 metres (approximately 70 metres true thickness) averaging 0.65% Cu, 6.2 g/t Ag, 0.009% Mo and 0.07 g/t Au from hole PSU17-67. Individual Cu values above 2.0% and Ag values above 50 g/t were capped at that those levels in the Mineral Resource Estimate. Discrete high-grade Ag-Au sections (shown in italics below) are not capped. See Table 1 for a summary analytical results.

True thickness estimations for the longer Cu mineralized sections are determined by a combination of the January 2017 resource block model outline and current drill hole data. Exceptions to this thickness determination procedure are various drill holes containing lesser intervals of anomalous precious metal values where core angle measurements are utilized to determine an approximate true thickness (shown underlined in the above table). The high-grade Ag-Cu interval in PSU17-67 comprises breccia matrix sulphides of unknown orientation. Drill holes locations are shown on the following map. Historical drill holes locations are also shown.

All core samples were submitted to the ALS Laboratories laboratory in Mendoza, Argentina for preparation and analysis. ALS is certified to ISO-9001 international standards. All samples were analyzed for Au by fire assay/ AA finish, 50 g, plus a 33-element ICP scan.  Minsud includes field duplicates, standards and blanks with all sample shipments.  A selection of pulps have been submitted to ISO-9001 certified referee laboratory, Alex Stewart (Assayers) Argentina SA in Mendoza for analysis and results are pending.

In 2016 and 2017 detailed mapping and sampling of epithermal Au/Ag vein areas in the Chita Porphyry was conducted mostly inside the Inferred Resource wireframe model. The precious metal veins are believed to have potential complementary benefits to the deposit’s economic model either as discrete high-grade areas of direct shipping material or as broader sectors of elevated Au/Ag inside the Cu wireframe. One epithermal prospect, the Condor Vein, shows extensive potential for high grade Au/Ag including a number very high or “Bonanza-type” assays. See Table 2 below for Condor Vein results.  The current drill hole PSU17-67 with a core length (unknown true thickness) of 2.25 m averaging 0.55 g/t Au, 762.0 g/t Ag & 4.38% Cu is another untested prospect of this type.

Minsud has retained P&E Mining Consultants Inc.  of Brampton, ON to update the Mineral Resource Estimate within a constraining pit shell in light of the current drilling and other information.  An updated NI 43-101 Technical Report on the Chita Valley Project is expected to be completed in the first quarter of 2018.

With maximum elevation in the sector below 3,100 m ASL (meters above mean sea level) field conditions are benign on a year-round basis and no active alpine glacial conditions are possible below approximately 4,100 m ASL.

Mr.  Howard Coates, Professional Geoscientist, Director of the Company and a geological consultant, is a Qualified Person as defined by Canadian National Instrument 43-101. Mr. Coates visited the property and has read and approved the contents of this news release.

Carlos Massa, Minsud’s President & CEO, states: “We are pleased to report the results of this new drilling program, particularly noting the consistency of Cu grade with previous programs.  A new intersection of mineralized structures with potential for high grade gold and silver within the Cu Mineral Resource Estimate area becomes a new priority target that requires further investigation. It is also worth to mention that the Chita porphyry has not yet been tested at depth.”

About the Chita Valley Project, San Juan Province:

The Chita Valley Project is a large exploration stage porphyry situation with classic alteration features, widespread porphyry style Cu-Mo-Ag-Au mineralization, and associated gold and silver-bearing polymetallic veins.  In addition to the Chita South resource area, the project includes a cluster of largely untested mineralized porphyries including the Chita North, Chinchillones and Placetas porphyries. San Juan Province of Argentina has a robust mining sector and recognizes the important economic benefits of responsible development of its substantial mineral resource endowment.

About Minsud Resources Corp.:

Minsud is a mineral exploration company focused on exploring its flagship Chita Valley Cu-Mo-Au-Ag Project, in the Province of San Juan, Argentina. The Company also holds a 100% owned portfolio of selected early stage prospects, including 18,000 has in Santa Cruz Province, Argentina. The company has already resumed field work at the 100% owned La Rosita Project, a Low-sulphidation Ag/Au prospect in the Deseado Massif.

FOR FURTHER INFORMATION PLEASE CONTACT

Carlos Massa
President and Chief Executive Officer
cmassa@minsud.com

Mike Johnston
416-479-4466
mike@minsud.com