Change of Board Position

VANCOUVER, BC--(Marketwired - August 03, 2017) - Spanish Mountain Gold Ltd. (the "Company") (TSX VENTURE: SPA) announces that due to his other personal commitments, Ian Watson has decided to step down as Chairman but will remain a Director of the Company.

The Company wishes to thank Mr. Watson for his service as the Chairman since March 2011 and looks forward to his continuing involvement as a Director and a major shareholder.

About Spanish Mountain Gold
Spanish Mountain Gold Ltd is focused on advancing its flagship Spanish Mountain gold project in southern central British Columbia. The Company has adopted a two-zone project approach in which the pit-delineated high grade core (the First Zone) of the multi-million ounce resource is expected to sustain a robust stand-alone operation exceeding 24 years. The positive economics of the First Zone have been demonstrated in a Preliminary Economic Assessment. Furthermore, the Second Zone could potentially expand and extend the project's production profile for decades. Additional information about the Company is available on its website: www.spanishmountaingold.com

On Behalf of the Board,
SPANISH MOUNTAIN GOLD LTD.

Larry Yau,
Chief Executive Officer

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.