Cerro Grande Mining Corporation Announces its Second Fiscal Quarter Ended March 31, 2019 Results Compared to the Comparable Period in 2018

TORONTO, May 30, 2019 - Cerro Grande Mining Corp. (the “Company” or “CEG”) (CSE-CEG; OTCQB-CEGMF) reported its unaudited results for its second fiscal quarter ended March 31, 2019 compared to same period in 2018. The Company’s financial statements and MD&A for its fiscal second quarter ended March 31, 2019 compared to the comparable quarter in 2018 have been filed on SEDAR. The Company refers the reader to those materials for additional information.

Cerro Grande Mining Corp. is a minerals exploration and development company with properties and activities currently focused in Chile.

Cautionary Statement on Forward-looking Information:

This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to the future financial or operating performance of CEG. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of CEG to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release based on current expectations and beliefs and CEG disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.