Central Timmins Exploration Corp. Announces Full Exercise and Closing of the Over-Allotment Option

Press Release

Toronto, Ontario November 14, 2018 ‐ Central Timmins Exploration Corp. (“CTEC” or the “Corporation”) (TSXV: CTEC) is pleased to announce that, further to its successfully completed initial public offering (the “Offering”) of 15,000,000 common shares of the Corporation (“Common Shares”) at a price of $0.10 per Common Share (the “Offering Price”), the agent has fully exercised its over-allotment option (the “Over-Allotment Option”) and has purchased an additional 2,250,000 Common Shares at the Offering Price, for additional gross proceeds to CTEC of $225,000.

The Common Shares are listed on the TSX Venture Exchange (the “Exchange”) under the symbol “CTEC”. As a result of the closing of the Over-Allotment Option, CTEC now has 46,350,000 Common Shares issued and outstanding.

PI Financial Corp. acted as sole agent and bookrunner for the IPO.

CTEC’s Technical Report and final prospectus are available for review under the Corporation’s profile on SEDAR at www.sedar.com.

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to United States persons absent of registration, or the availability of any applicable exemption from the registration requirement, of the U.S. Securities Act and applicable U.S. state securities laws. This release shall not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Central Timmins Exploration Corp.

CTEC is an early-stage Canadian-based junior exploration company with property exclusively in the Porcupine Mining District in the northeastern region of Ontario. The Company’s assets are prospective for gold as well as a suite of base metals. See the company website at www.centraltimmins.com.

For further information, please contact:

Central Timmins Exploration Corp.
Charles Gryba, President, CEO & Director Charles@centraltimmins.com Tel: 416-801-6366

Elaine Einarson, Investor Relations Elaine@centraltimmins.com Tel: 604-614-8469

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