Portofino Receives $691,000 from Exercise of Share Purchase Warrants

Vancouver, British Columbia--(Newsfile Corp. - November 27, 2017) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POT) ("Portofino" or the "Company") is pleased to announce that the Company has received funds totalling $691,000 and issued 8.9 million shares during the last 2 weeks pursuant to the exercise of common share purchase warrants at $0.075 and $0.08 per share.

The Company further reports its management and geological team will travel to Argentina in December to advance ongoing acquisition negotiations for prospective lithium brine projects in Catamarca province. Management will also undertake site visits to recently announced projects as well as acquisition targets under consideration.

About Portofino Resources Inc.

Portofino is a Vancouver, Canada based company focused on acquiring, exploring and developing mineral resource projects in the Americas. The Company has recently executed agreements pursuant to several prospective lithium salar properties encompassing approx. 14,000 hectares in Catamarca, Argentina.

On Behalf of the Board,

"David G. Tafel"
Chief Executive Officer

For Further Information Contact:
David Tafel
CEO, Director
604-683-1991

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 release.

This news release may contain forward looking statements concerning future operations of Portofino Resources Inc. (the "Company"). All forward- looking statements concerning the Company's future plans and operations, including management's assessment of the Company's project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company's control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections.