Miramont Resources Corp. Announces Appointment of New Director

Vancouver, March 6, 2018 - Miramont Resources Corp. (CSE: MONT) ("Miramont" or the "Company") is pleased to announce that Mr. Dale C. Peniuk has been appointed to the Board of Directors of the Company, and will serve as Chair of the Board's Audit Committee. Mr. Peniuk succeeds Mr. Gordon King, who has resigned as a director.

Mr. Peniuk is a Chartered Professional Accountant (CPA, CA) and corporate director. He holds a Bachelor of Commerce degree from the University of British Columbia and a Chartered Accountant designation from the Institute of Chartered Accountants of British Columbia (now known as the Chartered Professional Accountants of British Columbia). Mr. Peniuk spent more than 20 years with KPMG LLP and predecessor firms, the last ten years as an Assurance Partner with a focus on mining companies. Mr. Peniuk has been a director of numerous companies since retiring from KPMG in 2006, and currently serves as a director and Audit Committee Chair of Lundin Mining Corporation (TSX and Nasdaq Stockholm), Capstone Mining Corp. (TSX) and Argonaut Gold Inc. (TSX). Mr. Peniuk's appointment is subject to approval by the Canadian Securities Exchange (the "Exchange").

Miramont's Chairman of the Board, Mr. Quinton Hennigh, comments "I'm very happy to welcome Mr. Peniuk to the Board. His exceptional background and experience in Peru will be a great asset for Miramont. I would also like to thank Mr. King for his efforts in co-founding Miramont and for his services as a director."

The Board of Directors of Miramont is now comprised of Messrs. William Pincus, Quinton Hennigh, Tyson King, Gerald Shields, and Dale Peniuk.

The Company also announces that it has granted stock options to acquire up to 300,000 common shares to a director of the Company. Each of the stock options is exercisable for a five year term expiring on March 6, 2023 at a price of $0.37 per common share. On March 5, 2018, the last day that the Company's common shares traded prior to the granting of the stock options, the closing trading price of the common shares on the Exchange was $0.37. The options are subject to vesting provisions, with one-third vesting on the date of grant, an additional one-third on the first anniversary of the date of grant and the remaining one-third on the second anniversary thereof. The stock options are non-transferable. Any common shares issued pursuant to the exercise of the stock options will be subject to a four month hold period expiring on July 7, 2018.


About Miramont Resources Corp.

Miramont is a Canadian-based exploration company with a focus on acquiring and developing mineral prospects within world-class belts of South America. Miramont's key assets are located in southern Peru. The Cerro Hermoso property hosts a 1.4km diameter breccia pipe targeting gold - polymetallic mineralization, while the Lukkacha property is targeting porphyry copper mineralization.


On behalf of the Board of Directors, MIRAMONT RESOURCES CORP.

"William Pincus"
William Pincus, President and CEO



For more information, please contact the Company at:

Miramont Resources Corp.
Telephone: (604) 398-4493
Facsimile: (604) 815-0770
info@miramontrresources.com
www.miramontresources.com



Reader Advisory

This news release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.