Update on the Equity Sharing Agreement

14 February 2018

Wishbone Gold Plc

("Wishbone Gold" or the "Company")

Wishbone Gold Plc / Index: AIM / Epic: WSBN / Sector: Natural Resources

Update on the Equity Sharing Agreement

Wishbone Gold Plc has announced the Equity Sharing Agreement on 18 August 2017 with D-Beta One EQ, Ltd (the "Announcement").

Further to the announcement, the Company can confirm that D-Beta One EQ Ltd has settled $34,372.00 (the "Settlement Amount") to the Company under the Equity Sharing Agreement for the period November 2017 to January 2018.

The Settlement Amount has been allocated as follows:

· $10,121.00 towards loan repayment under the Investment Agreement with YA II PN Ltd

· $7,065.00 towards interest on the loan

· $17,186.00 to the Company

For more information on Wishbone Gold please visit the Company's website www.wishbonegold.com.

All defined terms are as used in the Announcement.

Enquiries:

Wishbone Gold Plc

Richard Poulden, CEO Tel: +44 207 812 0645

Allenby Capital

Nick Naylor / Nick Harriss Tel: +44 20 3328 5656

Beaufort Securities Limited

Elliot Hance Tel: +44 20 7382 8300

Damson Communications

Abigail Stuart-Menteth / Amelia Hubert Tel: +44 207 812 0645