Vancouver, BC, November 13, 2018 - Mason Resources Corp. (TSX: MNR; OTCQB: MSSNF – “Mason” or the “Company”) is pleased to report its financial results for the third quarter ended September 30, 2018. All figures are in US dollars unless otherwise noted.

Q3 2018 HIGHLIGHTS

Corporate

On October 31, 2018, Mason announced an arrangement agreement (the “Arrangement Agreement”) with Hudbay Minerals Inc. (“Hudbay”) pursuant to which Hudbay will acquire the remaining 86% of the issued and outstanding common shares of Mason that it does not already own (the “Hudbay Arrangement”). Under the Hudbay Arrangement, Mason shareholders will receive C$0.40 in cash for each Mason common share they own.
Net loss for Q3 2018 was $0.8 million which is a reduction of 38% compared to the same period of 2017 ($1.3 million net loss). For the 2018 year to date, net loss was $1.5 million which is a reduction of 38% compared to the comparative period of 2017 ($2.4 million net loss). The reduction in the year to date net loss was due to one-time costs associated with the spin-out of the Company from Entrée Resources Ltd. in 2017 and foreign exchange variances between the Canadian dollar and United States dollar.
The Company’s cash balance at September 30, 2018 was $6.3 million with no debt and the working capital balance was $6.3 million.
Ann Mason Project

On September 25, 2018, Mason secured an option to acquire water rights further de-risking the Ann Mason copper project. Mason entered into a binding term sheet with Rightway Investments Smith Valley, LLC (“Rightway”), pursuant to which Rightway will grant to Mason an exclusive seven-year option to purchase approximately 8,168 acre-feet per year of primary groundwater rights and certain real property known as the “Artesia Ranch”, located six kilometres south-west from the Ann Mason copper deposit in Douglas County, Nevada.
The Company’s third quarter 2018 unaudited condensed consolidated interim financial statements and Management’s Discussion and Analysis (“MD&A”) are available on SEDAR at www.sedar.com and on the Company’s website at www.MasonResources.com.

ABOUT MASON RESOURCES CORP.

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 Preliminary Economic Assessment (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. More information on Mason can be found at www.MasonResources.com.

FURTHER INFORMATION
David Jan