Request for Environmental Assessment Extension Denied

CALGARY, July 19, 2018 /CNW/ - Yellowhead Mining Inc. ("Yellowhead" or the "Company") (TSX.V: YMI) reports the decision by the BC Environment Ministry on the Company's request for an extension for its Environmental Assessment Application has been denied.

The BC Environmental Assessment Office (BC EAO) has decided not to grant the Company's extension request and has terminated the Company's Environmental Assessment Application. Their letter to the Company is available on the BC EAO website.

The Company is considering its alternatives in light of this development.

About Yellowhead Mining Inc.

Yellowhead Mining Inc. is a development stage company with a 100% interest in the Project, located in the North Thompson - Nicola region of British Columbia, Canada.

About the Harper Creek Project

The Project is a proposed 70,000 tonnes-per-day open pit copper mine with a 28 year mine life, located in the Thompson – Nicola region of British Columbia near Vavenby.  If developed, the Project would provide up to 600 jobs during construction and up to 450 permanent jobs during operations.

Forward Looking Statements

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, including, among others, the accuracy of mineral grades and related assumptions, inherent operating risks, planned expenditures, proposed exploration and development at the Harper Creek Project, operating and economic aspects of the Harper Creek Project, as well as those risk factors identified in the Company's Annual Information Form filed under the Company's SEDAR profile. Yellowhead undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. More detailed information about potential factors that could affect projected results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Yellowhead.

SOURCE Yellowhead Mining Inc.

Darryl Coates, Interim Chief Executive Officer, Phone: [phone], Email: [email protected]; David McGoey, Chief Financial Officer, Phone: [phone], Email: [email protected], Website: www.yellowheadmining.com