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2017-06-01

FILO MINING SHARE CAPITAL AND VOTING RIGHTS UPDATE

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FILO MINING SHARE CAPITAL AND VOTING RIGHTS UPDATE

May 31 2017: Filo Mining Corporation (TSX-V: FIL) (NASDAQ First North: FIL)
(“Filo Mining” or the “Company”) reports the following share capital and voting
rights update in accordance with the Swedish Financial Instruments Trading Act.

As a result of the exercise of employee stock options, the number of issued and
outstanding shares of the Company has increased to 61,888,450 common shares
with voting rights as at May 31, 2017.

About Filo Mining

Filo Mining is a Canadian mineral exploration company which holds a 100%
interest in the Filo del Sol Project on the border of Argentina's San Juan
Province and Chile's adjacent Region III. Filo Mining is listed on the TSX-V
and Nasdaq First North Exchange under the trading symbol "FIL". Pareto
Securities AB is the Company’s Certified Adviser on Nasdaq First North.

Additional Information

This information was submitted for publication, through the agency of the
contact person set out below, on May 31, 2017 at 2:30 p.m. Pacific Time.

On behalf of the board of directors of Filo Mining,

Wojtek Wodzicki,
President and CEO,
Filo Mining

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

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.

Författare Nasdaq Stockholm

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