TSX.V UNV

tasca receives tsx-v approval for debt settlement and closes first tranche of ft and non-ft units

Further to its news release on Jan. 22, 2018, Tasca Resources Ltd. has received TSX Venture Exchange approval for the debt settlement agreements with two arm's-length creditors, pursuant to which the company has agreed to issue an aggregate of 1,727,953 common shares at a deemed price of 11 cents per share in order to settle long-term debt of the company totalling $190,074.83.

The company has issued the shares -- 20 per cent on approval and 20 per cent every three months thereafter (subject to a four-month hold period).

Tasca closes first tranche of flow-through and non-flow-through units for gross proceeds of $408,535

The company has received TSX-V approval and closed its first tranche of a flow-through and non-flow-through unit financing for gross proceeds of $408,535. The company will proceed to issue 1,726,000 flow-through units at 8.5 cents per flow-through unit for gross proceeds of $146,710. Each flow-through unit consists of one flow-through common share and one-half warrant. Each whole warrant is exercisable at 12.5 cents per common share (which is not a flow-through share) for 36 months from closing. In addition, the company will proceed to issue 3,491,000 non-flow-through units at 7.5 cents per non-flow-through unit for gross proceeds of $261,825. Each non-flow-through unit consists of one common share and one whole warrant exercisable at 12 cents per common share for 36 months from closing. The company has agreed to pay cash finders' fees totalling $36,263.50, issue 227,850 total finder units and 4,800 brokers warrants as finders' fees. A statutory four-month hold period applies to all units. Proceeds from the flow-through units will be used for eligible Canadian exploration expenses and proceeds from the non-flow-through portion of the placement will be used for general working capital purposes.

About Tasca Resources Ltd.

Tasca currently holds an option on the Poplar copper property and the Princeton gold project.

The company's technical team is currently reviewing and compiling previously generated data. Once this review has been completed, the company will be executing very aggressive exploration programs at both properties comprising both surface surveys and drilling.

R. Tim Henneberry, PGeo (British Columbia), Tasca's geologist, is the qualified person who has reviewed and approved the technical content of this news release.

ON BEHALF OF THE BOARD OF DIRECTORS

“Clive Massey”
Clive H. Massey
President & CEO

For further information, please contact:

Tasca Investor Relations
Phone: (604) 644-6794; Email: info@tascaresources.com

#830 – 1100 Melville St. | PO Box 43 | Vancouver | BC | V6E 4A6
Tel: (604) 341-6870 | Fax: (604) 395-7068
Website: www.tascaresources.com

Neither 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.

Forward-Looking Statements

This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Tasca Resources Ltd. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Tasca Resources Ltd. management on the date the statements are made. Except as required by law, Tasca Resources Ltd. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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