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2017-09-13

FILO MINING ANNOUNCES GRANT OF INCENTIVE STOCK OPTIONS

RANT OF INCENTIVE STOCK OPTIONS

September 13, 2017: Filo Mining Corporation (TSX-V: FIL) (NASDAQ First North:
FIL) (“Filo Mining” or the “Company”) announces that the Board of Directors of
the Company has approved, in accordance with its stock option plan, the grant
of 1,582,500 incentive stock options (the "Options") to certain directors,
officers, employees and other eligible persons of the Company on September 13,
2017 to purchase common shares in the capital of the Company (the "Shares").
The Options are exercisable, subject to vesting provisions, over a period of
five years at an exercise price of C$2.50 per Share.

About Filo Mining

Filo Mining Corp. is a Canadian mining company focused on advancing the
Company's key project, Filo del Sol located on the border between San Juan
Province, Argentina and Region III, Chile. Filo del Sol is located between the
prolific Maricunga and El Indio Gold Belts, two major mineralized trends that
contain such deposits as Caspiche, La Coipa, Veladero, El Indio, and Pascua
Lama. The region is mining-friendly and hosts a number of large scale mining
operations. The project area is covered under the Mining Integration and
Complementation Treaty between Chile and Argentina, which provides the
framework for the development of cross border mining projects.

Additional Information

Filo Mining is listed on the TSXV and Nasdaq First North Exchange under the
trading symbol "FIL". Pareto Securities AB is the Company's Certified Adviser
on Nasdaq First North.

This information was submitted for publication, through the agency of the
contact person set out below, on September 13, 2017 at 10:30 a.m. Vancouver
time.

Adam Lundin,
President and Chief Executive Officer,
Filo Mining

For further information, please contact: Sophia Shane, Investor Relations (604)
689-7842.

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.

Cautionary Note Regarding Forward-Looking Statements

Certain statements made and information contained herein in the press release
constitutes "forward-looking information" and "forward-looking statements"
within the meaning of applicable securities legislation (collectively,
"forward-looking information"), concerning the business, operations and
financial performance and condition of Filo Mining Corp. The forward-looking
information contained in this press release is based on information available
to the Company as of the date of this press release. Except as required under
applicable securities legislation, the Company does not intend, and does not
assume any obligation, to update this forward-looking information. Generally,
this forward-looking information can frequently, but not always, be identified
by use of forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or variations
of such words and phrases or statements that certain actions, events,
conditions or results "will", "may", "could", "would", "might" or "will be
taken", "occur" or "be achieved" or the negative connotations thereof.

All statements other than statements of historical fact may be forward-looking
statements. Forward-looking information is necessarily based on estimates and
assumptions that are inherently subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be materially different
from those expressed or implied by such forward-looking information, including
but not limited to: risks and uncertainties relating to, among other things,
the inherent uncertainties regarding cost estimates, changes in commodity
prices, currency fluctuation, financing, unanticipated resource grades,
infrastructure, results of exploration activities, cost overruns, availability
of financing, materials and equipment, timeliness of government approvals,
taxation, political risk and related economic risk and unanticipated
environmental impact on operations, as well as other risks and uncertainties
more fully described under "Risk Factors" and elsewhere in the Company's most
recent Annual Information Form available under the Company's profile at
www.sedar.com and on the Company's website. These risks and uncertainties may
cause the actual results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied by such
forward-looking information.

Författare Nasdaq Stockholm

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