Early Warning Press Release in Respect of Durango Resources Inc

The Acquiror filed a previous Early Warning Press Release in respect of the Issuer on June 11, 2018 (the "Previous EWNR Filing Date").

The Purchased Securities were acquired by the Acquiror: (a) in the open market on the TSX Venture Exchange at various times between June 13, 2018 and the date hereof; and (b) pursuant to a private placement of the Issuer that closed on March 20, 2019 (collectively, the "Acquisition"). The purchase price of the Purchased Securities was between $0.065 and $0.08 share, for an aggregate price of $59,359.54. The Purchased Shares acquired represent approximately 2.02% of the Issuer's issued and outstanding Shares that were outstanding on the Previous EWNR Filing Date, being 37,770,887 Shares.

Before the Acquisition, as of the Previous EWNR Filing Date:

(a) Kiesman held an aggregate of: (i) 1,276,656 Shares, representing 3.38% of the issued and outstanding Shares; and (ii) 823,344 warrants, each exercisable for one Share at an exercise price of $0.10 per share (each, a "Previous Warrant" and together with the New Warrants, the "Warrants");

(b) Skeena held an aggregate of: (i) 1,183,474 Shares, representing 3.13% of the issued and outstanding Shares; and (ii) 783,474 Previous Warrants; and

(c) Wampler held no securities of the Issuer.

Therefore, before the Acquisition on the Previous EWNR Filing Date, the Acquiror collectively held: (a) 2,460,130 Shares, representing 6.51% of the issued and outstanding Shares on a non-diluted basis; and (b) 4,067,948 Shares, representing 10.33% of the issued and outstanding Shares on a partially-diluted basis, assuming the exercise of the 1,606,818 Previous Warrants but that no other convertible securities of the Issuer were exercised.

After the Acquisition:

(a) Kiesman holds an aggregate of: (i) 1,560,000 Shares, representing 3.75% of the issued and outstanding Shares, being 41,603,000 Shares; and (ii) 893,344 Warrants;

(b) Skeena holds an aggregate of: (i) 1,564,000 Shares, representing 3.76% of the issued and outstanding Shares; and (ii) 913,474 Warrants; and

(c) Wampler holds 100,000 Shares, representing 0.24% of the issued and outstanding Shares.

Therefore, after the Acquisition, the Acquiror collectively owns: (i) 3,224,000 Shares, representing 7.75% of the issued and outstanding Shares on a non-diluted basis; and (ii) 5,030,818 Shares, representing 11.59% on a partially-diluted basis, assuming exercise of the 1,806,818 Warrants but that no other convertible securities of the Issuer are exercised.

The Purchased Securities were purchased and are presently being held for investment purposes. In the future, the Acquiror may acquire additional securities of the Issuer or dispose of such securities subject to a number of factors, including general market and economic conditions and other available investment and business opportunities.

A copy of the early warning report to be filed by the Acquiror will be available on SEDAR under the Issuer's profile on www.sedar.com.

This early warning news release is issued under the early warning provisions of Canadian securities legislation, including National Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release nor have they approved nor disapproved the content thereof.



For further information, contact:

Robert Kiesman
Telephone: (778) 840-5553