Mason Resources Adopts Shareholder Rights Plan

                Mason Resources Adopts Shareholder Rights Plan

PR Newswire

VANCOUVER, July 19, 2017

VANCOUVER, July 19, 2017 /PRNewswire/ - Mason Resources Corp. (TSX:MNR –
"Mason Resources" or the "Company") announces that its board of directors has
today adopted a shareholder rights plan (the "Rights Plan").

The Rights Plan has been adopted to ensure, to the extent possible, that all
shareholders of the Company are treated fairly and equally in connection with
any take-over bid or other acquisition of control of the Company. The Rights
Plan has not been adopted in response to any specific take-over bid or other
proposal to acquire control of Mason Resources and Mason Resources is not
aware of any such pending or contemplated proposals.

At the close of business today, one right will be issued and attached to each
outstanding common share of Mason Resources. The rights will automatically
attach to the common shares with no further action required by shareholders. A
right will also automatically attach to each common share of Mason Resources
issued hereafter.

Subject to the terms of the Rights Plan and to certain exceptions provided
therein, the rights will become exercisable in the event that any person,
together with its affiliates, associates and joint actors, acquires or
announces its intention to acquire 20% or more of the Company's outstanding
common shares without complying with the "Permitted Bid" provisions of the
Rights Plan or in circumstances where the application of the Rights Plan is
waived in accordance with its terms. The "Permitted Bid" provisions prevent
the dilutive effects of the Rights Plan from operating if a take-over bid is
made to all holders of common shares of the Company (other than the bidder) by
way of a take-over bid circular that remains open for acceptance for a minimum
of 105 days and satisfies certain other conditions that align with Canadian
take-over bid rules. In circumstances where a take-over bid does not comply
with the requirements of the Rights Plan or where the application of the
Rights Plan is not waived in accordance with its terms, the rights holders
(other than the acquiring person and its affiliates, associates and joint
actors) will be entitled to purchase additional common shares of the Company
at a significant discount to the market price.

The Rights Plan has been conditionally accepted by the Toronto Stock Exchange
subject to ratification and confirmation by the shareholders of the Company
within six months of its effective date. The Company intends to recommend that
shareholders ratify and confirm the Rights Plan at a special meeting of
shareholders to be held in 2017. If ratified and confirmed by shareholders,
the Rights Plan will remain in effect until the close of business on the date
of Mason Resources' annual meeting of shareholders in 2020. If the Rights Plan
is not ratified and confirmed by shareholders within six months it, together
with the outstanding rights, will terminate and be of no further force and

A copy of the Rights Plan agreement will be made available under the Company's
profile on SEDAR at


Mason Resources Corp. is a well-funded Canadian company focused on copper
exploration and development in the U.S.A.  The Company's key asset is its 100%
owned Ann Mason Project – an extensive, prospective land package located in
the Yerington District of Nevada. The Ann Mason Project hosts two
copper-molybdenum porphyry deposits, Ann Mason and Blue Hill, as well as
numerous earlier-stage or untested priority targets.  The Ann Mason deposit is
currently at a PEA level and is among the largest undeveloped copper porphyry
resources in Canada/U.S.A. The excellent infrastructure, year-round access,
strong community support and clear permitting process are all factors that
contribute to making Yerington, Nevada one of the best mining jurisdictions in
the world. Mason also holds a 100% interest in the Lordsburg property, an
exciting earlier-stage copper-gold porphyry project, located within an
historic mining district in New Mexico.

Mason's strong financial position and high-quality asset portfolio provide it
with a solid foundation and flexibility for growth, by advancing development
of Ann Mason towards Pre-Feasibility, introducing one or more strategic
development partners, exploring high priority targets or considering strategic
acquisitions. More information on Mason Resources can be found at

This news release contains forward-looking statements within the meaning of
the United States Private Securities Litigation Reform Act of 1995 and
forward-looking information within the meaning of applicable Canadian
securities laws.

Forward-looking statements include, but are not limited to, statements with
respect to ratification of the Rights Plan at a meeting of shareholders to be
held within six months of the effective date of the Rights Plan; completion of
a Pre-Feasibility Study on the Ann Mason Project; potential development of the
Ann Mason Project; plans for future exploration programs; anticipated business
activities; corporate strategies; and future financial performance.

While the Company has based these forward-looking statements on its
expectations about future events as at the date that such statements were
prepared, the statements are not a guarantee of the Company's future
performance and are based on numerous assumptions regarding present and future
business strategies, local and global economic conditions and the environment
in which Mason Resources will operate in the future, including the price of
copper, gold, silver and molybdenum.  Uncertainties and factors which could
cause actual results to differ materially from future results expressed or
implied by forward-looking statements and information include, amongst others,
unanticipated costs, expenses or liabilities; discrepancies between actual and
anticipated production, mineral resources and metallurgical recoveries; the
size, grade and continuity of deposits not being interpreted correctly from
exploration results; the results of preliminary test work not being indicative
of the results of future test work; fluctuations in commodity prices and
demand; changing foreign exchange rates; actions by government authorities;
the availability of funding on reasonable terms; the impact of changes in
interpretation to or changes in enforcement of, laws, regulations and
government practices, including laws, regulations and government practices
with respect to mining, foreign investment, royalties and taxation; the terms
and timing of obtaining necessary environmental and other government
approvals, consents and permits; the availability and cost of necessary items
such as power, water, skilled labour, transportation and appropriate smelting
and refining arrangements; and misjudgements in the course of preparing
forward-looking statements. In addition, there are also known and unknown risk
factors which may cause the actual results, performances or achievements of
the Company to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements and
information. Such factors include, among others, risks related to
international operations, including legal and political risk; risks associated
with changes in the attitudes of governments to foreign investment; changes in
project parameters as plans continue to be refined; inability to upgrade
Inferred mineral resources to Indicated or Measured mineral resources;
inability to convert mineral resources to mineral reserves; conclusions of
economic evaluations; future prices of copper, gold, silver and molybdenum;
failure of plant, equipment or processes to operate as anticipated; accidents,
labour disputes and other risks of the mining industry; delays in obtaining
government approvals, permits or licences or financing or in the completion of
development or construction activities; environmental risks; title disputes;
limitations on insurance coverage; as well as those factors discussed in the
Company's continuous disclosure documents available at There
can be no assurance that forward-looking statements will prove to be accurate,
as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking statements. The Company is under no obligation to
update or alter any forward-looking statements except as required under
applicable securities laws.

SOURCE Mason Resources

Contact: David Jan, Investor Relations, Mason Resources Corp., Tel:
604-673-2001, Fax: 604-673-2003, E-mail:
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