Confederation Minerals Ltd. Amends Terms of Private Placement

Vancouver, British Columbia, Canada, Confederation Minerals Ltd. (TSX-V: CFM) (“Confederation” or the “Company”) announces that further to its news release of July 10, 2017, it has amended the terms of its non-brokered private placement of units.

As amended, the Company will offer for sale up to 3,000,000 units (the “Units”) at a price of $0.44 per Unit and up to 1,000,000 flow-through common shares (the “FT Shares”) at a price of $0.55 per FT Share for total gross proceeds of $1,870,000 (the “Offering”). Each Unit will consist of one common share in the capital of the Company and one-half of one share purchase warrant (each whole warrant, a “Warrant”). Each whole Warrant will entitle the holder to acquire an additional common share in the capital of the Company (each a “Warrant Share”) at a price of $0.66 per Warrant Share for a period of two years from the closing of the Offering.

The Company may pay a finder’s fee on all or a portion of the Offering.

Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, in particular approval of the TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

The proceeds from the Offering will be used to fund exploration of the Company's projects and for general working capital and corporate purposes.

On behalf of the Board of Directors,
Confederation Minerals Ltd.

“Carl Hering”

Carl Hering
CEO, President, and Director

CORPORATE INQUIRIES
Confederation Minerals Ltd.
Suite 1980, 1075 West Georgia Street
Vancouver, B.C.
604.688.9588
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www.confederationmineralsltd.com

About CFM
Confederation Minerals Ltd. is a British Columbia based company engaged in the business of acquisition, exploration and development of mineral properties. Its objective is to locate and develop economic precious and base metals properties of merit. Confederation Minerals Ltd. owns 70% of the Newman Todd project in the Red Lake Mining District of Northern Ontario, as well as 100% ownership in another property in the Red Lake Mining District of Ontario.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States. Such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or "U.S. Persons", as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds and the results of financing efforts, - that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.