Amato Exploration Announces Stock Option Grant

TORONTO, Feb. 8, 2018 /CNW/ - Amato Exploration Ltd. (the "Company" or "Amato") announces that effective February 6, 2018 it has granted incentive stock options to its directors to purchase up to 2,500,000 common shares of the Company at a price of $0.06 per share. The stock options are exercisable on or before February 6, 2023.

The stock options are being granted pursuant to the terms of the Company's stock option plan and are subject to regulatory approval. Following the grant of options, the Company has 2,500,000 stock options outstanding.

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.

Kieran Prashad, President & CEO of Amato Exploration Ltd. at [phone].