Montana DEQ Approves Further Exploration at Emigrant Creek

LUCKY MINERALS CLEARS STRINGENT ENVIRONMENTAL ASSESSMENT FOR DRILLING

VANCOUVER, July 27, 2017 /PRNewswire/ - Lucky Minerals Inc. (TSX.V: LJ) (OTCQB: LKMNF) (the "Company") has received approval from Montana Department of Environmental Quality (DEQ) to conduct drilling exploration on its wholly-owned Julian Claim Block located within the Company's Emigrant Creek Project in Montana.

"This is an important step forward for the Emigrant Creek Project," stated Robert Rosner, newly appointed Chief Executive Officer of Lucky Minerals. "It's an opportunity to prove the value of our project to the surrounding communities and our worth as a community partner as well as a good steward of Montana's natural resources."

Montana DEQ released a Final Environmental Assessment (EA) and approved an exploration license on July 26, 2017 for the Company's proposed mineral exploration project 12 miles southeast of Emigrant in a historic mining district. The EA analyzed potential environmental impacts from exploration activity on the Company's patented mining claims in the Absaroka Mountains.

In DEQ correspondence regarding the matter of exploration at Emigrant Creek, the department states, "DEQ has applied the significance criteria set forth in the Administrative Rules of Montana in determining the significance of impacts on the human environment."

Lucky Minerals has proposed to obtain core samples from up to 46 drill holes located on 23 drill pads. The proposed drill pads would be located within the existing road network on the St. Julian Claim Block.

The project received a robust analysis that included an extended 80-day scoping period to identify issues of concern to the public. The Environmental Assessment includes an in-depth analysis of potential impacts to wildlife, soils, vegetation, cultural and historical properties, water quality, geothermal impacts, transportation, socioeconomics, noise and other impacts to land use and recreation, including cumulative impacts.

Department of Environmental Quality Director Tom Livers stated, "We took a hard look at the comments received and the issues identified. Ultimately, the company (Lucky Minerals) has agreed to mitigations beyond what is required in statute."

These mitigations include water quality and wildlife monitoring plans and an alternate access route around the Chico Hot Springs Resort. Additionally, DEQ added analysis of socioeconomic impacts and expanded the noise, wildlife and visual analysis.

This approval marks a significant turning point in the Company's ongoing development of the Emigrant Creek Project of what could very well be a world-class size porphyry deposit that could exceed 1 billion+ tonnes.

About Lucky Minerals:
Lucky Minerals Inc.'s Emigrant Creek Project is focused on the exploration and development of several targets located in the core of the mineralized and intensely altered Emigrant Mining District, South-central Montana. Lucky Minerals shares trade on the TSX Venture Exchange under the trading symbol LJ and through the OTCQB under the symbol LKMNF.

ON BEHALF OF THE BOARD
"Robert Rosner"
Chief Executive Officer

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.

SOURCE Lucky Minerals Inc.