PANGOLIN REPORTS SIGNING OF ROYALTY AGREEMENT

TORONTO, ONTARIO May 23rd, 2017 – Pangolin Diamonds Corp,  (“Pangolin” or the “Company”) (TSX-V:PAN) is pleased to announce that it has reached an agreement with Umgeni Holdings International Limited (“Umgeni”) under which Umgeni has agreed to acquire a royalty interest in Pangolin’s Precious Stones Prospecting Licences located within the Central District of Botswana, as well as an area defined as the Adjacent Area of Interest for $600,000.  Umgeni is a private company of which Christopher Jennings is a beneficiary of the sole shareholder.

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