Building Canada’s Next Gold Mining District

TMAC Resources Completes Previously Announced Public Equity Offering and Concurrent Private Placement with Full Exercise of Over-Allotment Option

11/09/2017

Not for distribution to U.S. news wire services or dissemination in the United States.

TORONTO--(BUSINESS WIRE)-- TMAC Resources Inc. (TSX:TMR) (“TMAC” or the “Company”) is pleased to announce that it has closed its previously announced offering (the “Public Offering”) of common shares (“Common Shares”) with a syndicate of underwriters (the “Underwriters”) led by BMO Capital Markets. An aggregate of 3,081,802 Common Shares were issued by the Company at a price of C$7.00 per Common Share, including 174,442 Common Shares issued on the full exercise of the Underwriters’ over-allotment option, for aggregate gross proceeds of C$21,572,614.

Concurrent with the Public Offering, the Company completed the previously announced private placement (the “Private Placement”) with RCF VI CAD LLC (“RCF”) and Newmont Mining Corporation (“Newmont”), pursuant to which RCF and Newmont purchased an aggregate 4,489,628 Common Shares for aggregate gross proceeds of $31,427,396, including 254,130 Common Shares issued as a result of the full exercise of the Underwriters’ over-allotment option.

The net proceeds of the Public Offering and the Private Placement will be used for the continued ramp up of the processing plant, continued advancement of the Hope Bay belt and for general corporate purposes.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About TMAC Resources
TMAC holds a 100% interest in Hope Bay located in the Kitikmeot region of Nunavut, Canada. TMAC is an emerging gold producer with the Doris mine pouring first gold in the first quarter of 2017 and achieving commercial production in the second quarter of 2017. The Madrid and Boston properties are expected to commence production in 2020 and 2022, respectively. The Company has an experienced, expert board of directors combined with exploration, development and operating teams with extensive track records of discovering, developing and operating high grade, profitable underground mines. TMAC’s shares trade on the Toronto Stock Exchange under the trading symbol TMR.

Forward-Looking Information
This release contains "forward-looking information” within the meaning of applicable securities laws that is intended to be covered by the safe harbours created by those laws. “Forward-looking information” includes statements that use forward-looking terminology such as “may”, “will”, “expect”, “anticipate”, “believe”, “continue”, “potential” or the negative thereof or other variations thereof or comparable terminology. Such forward-looking information includes, without limitation, the timing for bringing Madrid and Boston into production and the rate of ramp up at Doris throughout 2017.

Forward-looking information is not a guarantee of future performance and management bases forward-looking statements on a number of estimates and assumptions at the date the statements are made. Furthermore, such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors, which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking information. See “Risk Factors” in the Company’s Annual Information Form dated February 23, 2017 filed on SEDAR at www.sedar.com for a discussion of these risks.

Source: TMAC Resources Inc.

TMAC Resources Inc.

Catharine Farrow

Chief Executive Officer

416-628-0216

or

Ann Wilkinson

Vice President, Investor Relations

416-628-0216

www.tmacresources.com

or

Renmark Financial Communications Inc.

Daniel Gordon

Tel: (416) 644-2020 or (514) 939-3989

dgordon@renmarkfinancial.com

www.renmarkfinancial.com

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