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 May 02, 2017
Wilfried Bernard files Early Warning Report

 Stewart, B.C., May 2 2017 -Wilfried Bernard has filed an early warning report on SEDAR describing his current security holdings in Mountain Boy Minerals Ltd. (the "Company") and security holdings of other parties who may be considered to be acting jointly or in concert with Mr. Bernard.

Wilfried Bernard, W&S Bernard Investment Ltd. (a company of which all the shares are owned by Wilfried Bernard), Rene Benard (the [son] of Wilfried Bernard), and Siegfried Bernard (the spouse of the Acquiror) (collectively, the "Acquiror Group") determined that, as of [April 28, 2017], they may be considered to be acting jointly or in concert with respect to their security holdings in the Company.

Since the date of the last early warning report filed by Wilfried Bernard, the Acquiror Group acquired units (each unit being comprised of one common share and one warrant) in a private placement of the Company (the "Private Placement") that closed on March 15, 2017 and subsequently acquired shares on the TSX Venture Exchange. As of April 28, 2017, the Acquiror Group held an aggregate of 26,657,000 common shares of the Company, representing 19.19% (non-diluted) of the Company's issued and outstanding common shares and convertible securities exercisable to acquire an additional 8,250,000 common shares of the Company, representing, together with the common shares, 23.72% (partially-diluted) of the issued and outstanding common shares of the Company.

The Acquiror Group acquired the securities of the Company for investment purposes. The Acquiror Group intends to evaluate its investment in the Company and to increase or decrease its beneficial shareholdings from time to time as its members may determine appropriate for investment purposes.

For a copy of the early warning report, please contact Mr. Bernard at (250) 769-6870.

ON BEHALF OF THE BOARD OF DIRECTORS

"Randolph Kasum"
Randolph Kasum,
Director


"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."
"This news release may contain forward--looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."
 
 

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