ExGen Resources Inc. (TSXV:EXG) (‘ExGen') entered into an asset purchase agreement to acquire interests in certain mineral claims located in the McClarty Lake area of northern Manitoba from Troymet Exploration Corp (TSXV:TYE) (‘Troymet') for CAD 0.15 million on May 3, 2018. ExGen will acquire Troymet's 40% interest in 5 mineral claims that are subject to a joint venture agreement with Hudson Bay Mining and Smelting Co., Ltd. as well as Troymet's 100% interest in 3 other mineral claims. The purchase consideration comprises CAD 0.1 million in cash and 2.25 million common shares of ExGen. In connection with the transaction, Troymet will issue to ExGen 2.5 million shares of its common stock at a deemed price of CAD 0.01 per share. Jason Riley, President/Chief Executive Officer and a Director of the ExGen Resources will join the Board of Directors of Troymet on the closing. The transaction is subject to TSXV acceptance and customary closing conditions and is expected to close on or before May 30, 2018.

ExGen Resources Inc. (TSXV:EXG) completed the acquisition of interests in certain mineral claims located in the McClarty Lake area of northern Manitoba from Troymet Exploration Corp (TSXV:TYE) on May 30, 2018.