Surge Exploration Enters into MOU for an Option to Acquire the Atacama Cobalto Project in the Atacama Region of Chile

Vancouver, BC – July 24, 2018 – Surge Exploration Inc. (the “Company” or “Surge”) (TSX‐V: SUR, OTCQB:SURJF) is pleased to announce that it has entered into a non-binding Memorandum of Understanding (the “MOU”) with Compañía Minera del Pacífico S.A. (“CAP Minería”) for an option to acquire up to 100% of the Atacama Cobalto Project  in the prolific Atacama Region in Northern Chile.

Tim Fernback, Director of Surge, said: “Surge Exploration is excited to pursue exploration in this historically IOCG and cobalt rich area. We look forward developing the Atacama Cobalto Project through timely execution of exploration programs for the benefit of our shareholders.”

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 Aerial view of Atacama Cobalto Project (drone footage by Kura Minerals)

Aerial view of Atacama Cobalto Project (drone footage by Kura Minerals)