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December 18, 2018, Vancouver, B.C. – Crystal Lake Mining Corporation (the “Company” or “Crystal Lake”) is pleased to announce that it has closed the first $500,000 tranche of a proposed $700,000 flow-through financing with strategic investors at 35 cents per flow-through share. No
warrants are attached to the private placement. The balance of the financing is expected to close on or about December 24, 2018.

A total of 1,428,571 flow-through shares were issued in this first tranche with all securities subject to a four-month hold period from the closing date. Finder’s fees may be payable to qualified parties.

Proceeds of the financing will be used to advance the Company’s projects in Northwest British Columbia and Northwest Ontario.

The private placement is subject to the approval of the TSX Venture Exchange.

About Crystal Lake Mining

Crystal Lake Mining is a Canadian-based junior exploration company focused on building shareholder value through the discovery of new magmatic nickel sulfide deposits and other deposit types using technical excellence in exploration target development.

For further information please contact:

MarketSmart Communications Inc.

Tel: +1 (604) 261-4466
Toll free: 1-877- 261-4466

Momentum PR

Tel: +1 (514) 815-7473

On behalf of The Board of Directors of Crystal Lake Mining Corporation,

Richard Savage, President & CEO

This news release may contain certain “forward looking statements”. Forward-looking statements involve known and unknown risks, uncertainties,
assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. 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.