Amato Exploration Ltd. - AGM Summary and Corporate Update

TSXV: AMT.H

TORONTO, July 4, 2017 /CNW/ - Amato Exploration Ltd. (the "Company" or "Amato"), announces the results of its Annual General Meeting (the "Meeting") held on June 30th, 2017 in Toronto, Ontario and the results of the Scrutineer. At the Meeting, shareholders approved all resolutions put before them by management including setting the number of directors at four, and the election of Rahim Kassam, Tim Earle, Cameron Andrews and Kieran Prashad. The Company welcomes Mr. Kassam who also works as an Exploration Manager for other private mining and exploration companies. The auditors have been re-appointed, and the 2008 Stock Option Incentive Plan (the "2008 Plan") has been re-approved.

The Company would like to thank James Romano for his years of service and wish him well in his future endeavors.

The Company is advising that it is continuing to evaluate a number of mineral assets in North America, including precious metal properties for potential acquisition. The Company will continue to pursue opportunities to create value for its shareholders.

About Amato Exploration Ltd.

Amato Exploration Ltd. is a North American exploration company based in Toronto, ON, Canada. We are currently focused on exploring for precious metals in North America.

DISCLAIMER

This news release contains forward-looking statements which reflect management's current expectations regarding the Company's objectives, plans, goals, strategies, future growth, results of operations, performance and business prospects and opportunities. These forward-looking statements are not guarantees, but only predictions. Although the Company believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a number of factors that could cause actual results to vary significantly from current expectations. These factors and other risks and uncertainties are discussed in the Company's materials filed with the Canadian securities regulatory authorities from time to time, as identified in the Company's disclosure record on www.sedar.com. The forward-looking statements included in this news release are made only as of the date of this news release and the Company does not undertake to publicly update these forward looking statements to reflect new information, future events or otherwise, except as required by law.

Neither the 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 news release.

SOURCE Amato Exploration Ltd.

For further information: please contact: Kieran Prashad, President & CEO of Amato Exploration Ltd. at +1 (647) 478-9361.

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Amato Exploration Ltd.

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