Goldplay Receives Drilling Permit For The San Marcial Project

VANCOUVER - Goldplay Exploration Ltd. has received approval from the Mexican national environmental agency for its upcoming drill programs at the San Marcial Project, Sinaloa, Mexico. Planning is underway for drilling campaigns to complement the Company's San Marcial resource estimate, due in December 2018, and the subsequent PEA studies scheduled for completion in 2019.

Goldplay President and CEO Marcio Fonseca said, "The grant of the drilling permit opens the door for Goldplay to move forward with its objectives to delineate new mineralized zones beyond the historic NI 43-101 resource estimate area. This will also allow  the identification  of new discoveries in the 3.5 km long mineralized trend and providing additional drilling information to support a Preliminary Economic Assessment "PEA) of the San Marcial Project in 2019."

The drilling approval was granted by SEMARNAT (Secretaria de Medio Ambiente y Recursos Naturales) following the submission by Goldplay of an Environmental Impact Statement specific to the San Marcial Project and upcoming drill plans, and allows for surface geological exploration including trenching and drilling activities. SEMARNAT recognizes that the activities proposed by Goldplay will be beneficial to the local community with opportunities of employment for local residents and will contribute to the socio-economic development of the local community.

Approval has been granted to the Company for the completion of up to 69 drill holes, by either diamond core or reverse circulation methods, in a period of two years ending August 2020, and within a highly prospective area selected by Goldplay. Encouragingly, the positive response to Goldplay's proposal by the Mexican authorities does not impose any extraordinary conditions on the proposed drill programs. Standard requirements include the rehabilitation of disturbances caused by the exploration activities, as well as minimizing construction of new access tracks and avoiding damage to the local environment.

Goldplay is finalizing the first 3D Geological model (3D model) of the San Marcial silver-zinc-lead-gold deposit using high grade results received from recently sampled and assayed historic drill core. The 3D model will be used to complete a NI 43-101 resource estimate, scheduled for completion before the end of 2018. Goldplay expects to undertake a PEA study in 2019 carrying out preliminary engineering and economic analysis assuming a combined open pit/underground future development of the San Marcial Project.

Drilling under the recently granted permit will allow Goldplay to test down dip and along strike extensions to the mineralization identified in the historic resource, as well as to provide  additional samples for metallurgical, that will feed into the PEA. The Qualified Person under the NI 43-101 Standards of Disclosure for Mineral Projects for this news release is Marcio Fonseca, President and CEO of Goldplay, who has reviewed and approved its contents.