Vancouver, British Columbia--(Newsfile Corp. - February 28, 2018) - Vendetta Mining Corp. (TSXV: VTT) (the "Company") is pleased to announce the final results from the completed 2017 program at the Pegmont Lead-Zinc Project in Queensland, Australia. These results are from drilling in Zones 2, 3 and the connecting Z Fold.

Zones 2, 3 and Z Fold Sulphide Highlights:

PVRD124:7.32 metres of 11.12% Pb+Zn (8.00% Pb, 3.12% Zn);

PVRD137:4.48 metres of 12.28% Pb+Zn (8.34% Pb, 3.94% Zn);

PVRD154:15.92 metres of 12.12% Pb+Zn (9.07% Pb, 3.04% Zn); and

PVRD156:  36.61 metres of 12.99% Pb+Zn (9.48% Pb, 3.51% Zn);

Zone 2 Transition Highlights:

PVRD161:5.83 metres of 10.44% Pb+Zn (6.21% Pb, 4.23% Zn)

A full summary of the sulphide and transition lead-zinc results including estimated true widths are provided in Table 1 and the location of the holes is shown on the map in Figure 1.

Michael Williams, Vendetta's President and CEO commented, "These final results conclude a highly successful 2017 program. In the upcoming mineral resource update we expect to upgrade a significant portion of the mineral resource within the open pit shells and we will include the recently discovered high grade Bridge Zone."

Zone 2 Sulphide Drilling

Zone 2 is a flat to moderately dipping area, located between 50 and 100 m from surface, with a known strike length of 2 km.

A new fold structure was intersected in hole PVRD137, as with other such folds at Pegmont it was associated with increased grades. Preliminary structural modelling suggest that this fold should develop to the south-west, further drilling is required to develop this opportunity further.

The 2017 Zone 2 drilling was designed within the optimised pit shell to expand the mineralisation and/or to challenge the modelled grade where it was believed drilling was too sparse. During 2017 a total of 23 holes were completed in Zone 2, of these 16 holes successfully intersected mineralisation at greater than the modelled resource grade for Zone 2.

Z Fold Sulphide Drilling

Three holes; PVRD096, 124 and 156 intersected the mineralised beds multiple times in a relatively large drag fold referred to as the "Z Fold", located between Zones 2 and 3. Holes PVRD096 and 124 are on adjacent sections, PVRD156 is now the northern most intersection in the Z fold to date. PVRD156 intersected the upper limb and passed through the diagonal limb and the lower fold, the 36.61 m long high grade intersecting represents a vertical height of 34.7, with an estimated true thickness on the upright limb of 9.4 m and an estimated true thickness on the lower limb of 8.0 m. This excellent result indicates that further drilling in the Z fold to the north-east is warranted.

Zone 3 Sulphide Drilling

Eight holes were drilled outside of the optimised pit shells in Zone 3, they were drilled to better define the limits of the known attenuated zone immediately down dip of the high grade Z fold metal accumulation. These holes confirmed the current model in this area.

Geotechnical Drilling

As part of a scoping level Geotechnical Investigation three dedicated HQ triple tube holes; PVD153, 155 and PVRD154 were drilled on the highest walls of the current pit shell. Hole PVRD154 unexpectedly intersected 7.4 m true thickness of high grade mineralisation in Zone 3. PVD155 intersected thin and low grade mineralisation at the northern end of Zone 2. PVD153 didn't intersect the host beds. The geotechnical investigation will be augmented with resource development drill holes that intersect the optimised pit shells.

Zone 2 Transition Drilling

Two holes, PVRD161 and 162 were drilled to test the apparent gap between the two of the optimised pit shell centres. PVRD161 intersected a strongly mineralised steeply dipping limb of a fold, not in the current geological model and indicates that further drilling to the south-west is needed, this presents an opportunity to potentially connect the two pit shells. PVRD162 drilled the flat dipping lower limb of this new fold, although low grade.

Metallurgical Test Work Update

Metallurgical test work on five composites from Zones 1, 2, 3 and Bridge Sulphides, and Zone 1 Transition is progressing at ALS Metallurgical laboratory in Burnie, Tasmania.

The 2017 metallurgical program commenced using the test conditions established during the 2016 metallurgical test work on Zone 5 and the Burke Hinge Zone, see news release VTT2017 — NR#1, March 6^th 2017.