Mr. Kelly Malcolm reports

BOREALIS EXPANDS ITS BOREALIS PROPERTY THROUGH CLAIM STAKING

Borealis Mining Company Ltd. has expanded its claim package at the Borealis property in Nevada. The newly acquired claims add 3.66 square miles to an existing 22.9-square-mile package within one of the largest zones of hydrothermal alteration in the state. These new claims contain significant historical drill intercepts and surface sampling results along a structure subparallel to the main Borealis trend.

Sixty-four claims were added by claim staking on the east side of current claim holdings, containing 14 historical drill holes and numerous surface samples containing significant gold mineralization. Highlights from these holes include 20 metres (m) of 0.55 gram per tonne (g/t) gold in BRB003 and 12 m of 0.62 g/t gold in BRB005, both from surface; three m of 1.51 g/t gold beginning at 12 m in BRB006; 12 m of 0.42 g/t gold beginning at 4.6 m in BRB004; 10.7 m of 0.48 g/t gold beginning at 11 m in BRB008.

Detailed historical geological logs have not been located for these drill holes but mapping in the field and the shallow depth of intercepts suggest that these intercepts are all oxides.

Historical surface samples within the new claims include 33 samples with gold grades between 0.3 g/t and 1.57 g/t and silver grades as high as five ounces per tonne. The drill holes and surface samples are located along a northeast-trending structure over one mile in length, subparallel to the main Borealis trend.

The new Borealis claims are located in the same general area as the 583 claims recently staked by Headwater Gold who are operating under an earn-in agreement with Newmont Corp.

Iain Campbell, vice-president, exploration, of Borealis, comments: "The new claims contain meaningful Au mineralization in historical drill holes, and significant mineralization in multiple surface samples. This is an example of a previously discovered oxide target on the property, much like the existing Bullion and Boundary Ridge gold deposits, that just need more drilling to potentially bring into the future production pipeline. This gives the exploration team at Borealis the unique opportunity to take a methodical and patient approach to exploration for new deposits, expected to ultimately benefit investors and the company's bottom line."

Qualified person

The scientific and technical content of this news release was reviewed, verified and approved by Kelly Malcolm, PGeo, chief executive officer of the company, and a qualified person as defined by Canadian Securities Administrators' National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

Borealis mine

The Borealis mine property, located close to the town of Hawthorne, Nev., is fully permitted and equipped for present mine operations and future expansion, with existing open pits, heap leach pads, modern infrastructure and a functional ADR facility which produces dore bars. The project has historically produced over 600,000 ounces of gold from an open-pit heap leach operation. It is an underexplored property and has not been drilled since 2011. The property possesses high-grade expansion potential with excellent historical drilling results, along with a number of untested regional targets.

About Borealis Mining Company Ltd.

Borealis is a gold mining and exploration company focused on exploration and resumption of production of the Borealis mine in Nevada. The Borealis mine is a fully permitted mine site, equipped with active heap leach pads, an ADR facility, and all necessary infrastructure to support a heap leach gold mining operation.

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