Coronado Reports Business Update

Vancouver, B.C. – May 29, 2018 – Coronado Resources Ltd. (NEX: CRD.H and OTC: CRDAF), reports that the Company is continuing to explore business opportunities, primarily in the technology space. In this regard, Coronado has engaged with expert technology and capital markets advisors with a view to potentially pursue an organic growth strategy.

Although the board is optimistic that the Company will proceed with a new business opportunity, there is no assurance that this opportunity will be secured or pursued by Coronado.

Coronado Resources Ltd.

Coronado is a Canadian-based, capital market platform pursuing international business opportunities. Coronado’s shares trade on the TSX Venture Exchange’s NEX Board, trading symbol: CRD.Hand on the United States’ OTC Pink market network, trading symbol: CRDAF. There are currently 3,231,411sharesissued and outstanding, which are widely distributed.

For further information:

Ashley Garnot, Director
Phone: +1.604.682.6496
Contact: [email protected]

Neither 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.

Cautionary Note Regarding Forward-Looking Statements:

Statements contained in this news release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Coronado. Such statements can generally, but not always, be identified by words such as “expects”, “plans”, “anticipates”, “intends”, “estimates”, “forecasts”, “schedules”, “prepares”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.

Forward-looking statements and information concerning the potential businessopportunities are based on management’s assumptions using information currently available and include Coronado’s expectations regarding the potential business opportunities. In making the forward-looking statements in this news release, Coronado has applied certain factors and assumptions that are based on information currently available to Coronado as well as Coronado’s current beliefs and assumptions made by Coronado. Although Coronado considers these beliefs and assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Although Coronado has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Coronado does not undertake to update any forward-looking information, except in accordance with applicable securities laws.