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Lucky Minerals Obtains Final Approval From the TSX Venture Exchange and Completes Its Ecuadorian Acquisition

LUCKY MINERALS INC. ANNOUNCES CLOSING OF C$2,875,000 BOUGHT DEAL

Lucky Minerals Inc. has completed the bought deal offering of units of the company underwritten by Clarus Securities Inc., previously announced in the company's press release dated Aug. 20, 2018, for aggregate gross proceeds of $2.5-million. The underwriter also exercised the overallotment option in full and purchased an additional 375 units to cover overallotments, for additional gross proceeds to the company of $375,000 resulting in total gross proceeds of $2,875,000 for the offering.

Each unit issued pursuant to the offering consists of: (i) $1,000 principal amount of 12-per-cent three-year convertible unsecured unsubordinated debentures and convertible at a price of 15 cents per common share; and (ii) 2,500 common share purchase warrants of the company. Each warrant entitles the holder thereof to purchase one common share in the capital of the company at an exercise price of 22 cents for a period of 24 months following the closing date.

The net proceeds of the offering are expected to be used by the company toward its Emigrant Creek project, Fortuna project, general corporate purposes and as general working capital.

More information about the units and the offering can be found in the short-form prospectus of the company dated Sept. 25, 2018, that qualified the units for distribution in the provinces of British Columbia, Alberta, Ontario and Manitoba.

About Lucky Minerals Inc.

Lucky Minerals is a venture-stage exploration company that is targeting a large-scale porphyry copper-gold-molybdenum system in southern Montana that could potentially host significant gold deposit. The company is focused on its Emigrant Creek project, which covers a 15-square-kilometre area (six square miles) located in the core of the mineralized and intensely altered Emigrant mining district. To date, 10 highly mineralized breccia pipes and two porphyry targets exist within the company's property boundary.

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