Mineral Hill Industries Ltd. - Corporate Update

RICHMOND, BC, Nov. 2, 2017 /CNW/ - Mineral Hill Industries Ltd. (the "Company" or "Mineral Hill") wishes to announce that at its Annual General Meeting held on October 27, 2017 (the "AGM"), Messrs. Rafael Pinedo, Grant Hendrickson, Andrew von Kursell, Dieter Peter, Eric Peter-Kaiser and Milo Filgas were re-elected as directors and Davidson & Company LLP were re-appointed as the Company's auditors.

Also at the AGM, the Company's shareholders passed a resolution authorizing the Company's Board of Directors ("the "Board") to approve the transfer of the Company's wholly-owned subsidiary Global Environomic Systems Corp. ("GSC") to an affiliated company ("Affiliated Company"). GSC was inactive at the time of the acquisition in 2015 and, due to the company's committed focus on its acquisition and financing of the OPL236-Project, has remained inactive subsequent to the acquisition. The Company may have to consider the transfer in order to facilitate the Company's committed focus on its resource exploration endeavors for the ensuing year and to not delay further the development and financing of GSC.

At the board meeting (the "Board Meeting") held on October 30, 2017, the following officers and committee members were appointed:

Officers
President & CEO	Dieter Peter
Interim Chief Financial Officer	Andrew von Kursell
Corporate Secretary	Michael Kelm
Audit Committee	Corporate Governance & HR Committee
Andrew von Kursell	Dieter Peter
Rafael Pinedo	Rafael Pinedo
Milo Filgas	Grant Hendrickson
	James Holmes
Exploration Committee	Advisory Board
Rafael Pinedo	Eric Peter-Kaiser
Grant Hendrickson
Andrew von Kursell

Also at the Board Meeting, the Board nominated and approved Messrs. Dieter Peter, Eric Peter-Kaiser and Dr. Juergen Focke as directors of its subsidiary Global Environomic Systems Corp. ("GSC"). Mr. Peter was also appointed President and CEO and Mr. Michael Kelm was appointed Corporate Secretary of GSC.

The Company also granted an aggregate of 580,000 incentive stock options to its officers, directors and employees at an exercise price of $0.30 per share.  The options are granted for a three-year period and the grant is subject to vesting provisions.

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.

SOURCE Mineral Hill Industries Ltd.

Dieter Peter, President & CEO, Phone: [phone]