Canoe Mining Evaluating New Opportunities

OAKVILLE, ONTARIO--(Marketwired - Dec. 18, 2017) - Canoe Mining Ventures Corp. (TSX VENTURE:CLV) ("Canoe") wishes to disclose that it will be evaluating possible investment and business opportunities in various sectors, including but not limited to: mining, cannabis and blockchain technology.

While no decisions have been made, Canoe has an obligation to its shareholders to investigate all opportunities being presented to management that would enhance shareholder value. As such, Canoe will continue to disclose relevant and timely information as it becomes available.

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 news release.

On Behalf of the Board of Directors of Canoe,

Duane Parnham, President and CEO

Forward-Looking Statements

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release or other future plans, objectives or expectations of Canoe are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Canoe's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by Canoe with securities regulators. Canoe expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.