Mountain Boy Receives Drill Results on Red Cliff
VANCOUVER, Aug. 21, 2018 - Mountain Boy Minerals Ltd. (“Mountain Boy” or the “Company”) (TSX.V: MTB; Frankfurt: M9U) announces it has been provided results from drilling of the Water Pump zone on the Red Cliff property, as received from its joint venture partner Decade Resources Ltd. Mountain Boy holds a 35-per-cent interest in the project.
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Decade has received the final assays for the first 23 holes drilled during the 2018 field season. These 2018 holes were drilled to test the extensions of the 2017 drilling on the Waterpump zone. Highlights of assay results for this drilling are shown in the following table:
| DDH No. | From | To | Core Length | Gold g/t |
| MON-18-1 | 103.96 | 105.70 | 1.74 | 9.87 |
| and | 126.83 | 131.40 | 4.57 | 3.22 |
| MON-18-3 | 111.59 | 115.24 | 3.66 | 1.82 |
| MON-18-4 | 128.05 | 128.51 | 0.46 | 18.60 |
| MON-18-5 | 139.33 | 142.38 | 3.05 | 1.95 |
| and | 145.43 | 148.05 | 2.62 | 1.80 |
| and | 160.47 | 161.89 | 1.22 | 1.48 |
| MON-18-11 | 127.59 | 130.43 | 2.84 | 4.71 |
| and | 146.65 | 151.22 | 4.88 | 11.10 |
| MON-18-12 | 135.52 | 136.28 | 0.76 | 3.94 |
| and | 140.34 | 144.88 | 4.54 | 12.11 |
| MON-18-13 | 121.34 | 124.39 | 3.05 | 1.75 |
| and | 131.80 | 132.32 | 0.52 | 8.04 |
| MON-18-17 | 147.71 | 148.32 | 0.61 | 5.08 |
| MON-18-18 | 148.48 | 150.06 | 1.59 | 3.38 |
| and | 171.80 | 178.05 | 6.25 | 2.48 |
| and | 180.67 | 181.67 | 1.0 | 7.79 |
| MON-18-20 | 157.26 | 158.35 | 1.10 | 2.68 |
| and | 159.76 | 160.67 | 0.91 | 1.01 |
| and | 163.72 | 166.77 | 3.05 | 2.05 |
| and | 169.62 | 172.67 | 3.05 | 3.72 |
| MON-18-22 | 142.38 | 146.65 | 4.26 | 1.64 |
| MON-18-23 | 110.27 | 110.73 | 0.46 | 4.52 |
| and | 120.73 | 127.90 | 7.2 | 6.3 |
Results of the 2018 drilling gives further confirmation that a strong gold bearing system is present within the Red Cliff property.
Drilling has now completed 48 drill holes, 37 south of Lydden Creek (Waterpump zone) and 11 north of Lydden Creek (Montrose zone). Drilling is continuing on the Red Cliff property and further assay results will be released when received.
Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration programs on behalf of the Company and is responsible for the contents of this release.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/4c3264ea-b670-4aee-90ab-70c12310a687
About Mountain Boy Resources Ltd.
Mountain Boy Minerals Ltd. is a Canadian based mineral exploration company with a property portfolio of gold and silver projects within the Stewart region in the very prolific Golden Triangle region of British Columbia. It owns 20% of the Silver Coin project, a gold-silver-base metals project that has a NI43-101 compliant resource estimate, 35% of the Red Cliff gold-silver project, 100% of the high-grade MB Silver project and 100% of the BA and Surprise Creek VMS copper-lead-zinc-silver projects. For a complete listing of the Company assets and developments, visit the Company website at www.mountainboyminerals.ca.
On behalf of the Board of Directors:
Lawrence Roulston
President & CEO
(604) 914-2142
For further information, contact:
Nancy Curry
VP Corporate Development
(604) 220-2971
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.