Newstrike Resources Ltd. Comments on Trading Activity

TORONTO, ONTARIO--(Marketwired - Nov. 7, 2017) - Newstrike Resources Ltd. (TSX VENTURE:HIP) ("Newstrike" or the "Company") is issuing this press release at the request of IIROC to comment on recent trading activity in its stock.

As a general policy, the Company does not publicly comment on market speculation and rumours. The Company is not aware of any material change that would account for recent trading activity in its stock. In the ordinary course, the Company may negotiate or consider corporate transactions from time to time. The Company will continue to keep the market informed as required but does not intend to make any further comment or release regarding market speculation.

Forward-Looking Information

This press release contains forward-looking information based on current expectations. Statements about trading activity and potential corporate transactions are all forward-looking information. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Newstrike assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.

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.