Moneta Porcupine Mines Inc. announced the results of the first three drill holes of a five hole program drilled in the Discovery Area as part of the 2017 drill program on the Golden Highway Project, located 110 km east of Timmins in Ontario. The Discovery Area is located outside of the December 2012 NI 43-101 gold resource. Highlights were: Upper Zone: Drill hole MGH17-037 returned assays of up to 32.87m @ 2.71g/t Au from 338.13m (including 14.88m @ 3.35g/t Au at 339.0m and 10.0m @ 2.89g/t Au at 357.0m) and 1.60m @ 6.04g/t Au from 273.40m in hole MGH17-038; Contact Zone: Drilling has returned up to 3.0m @ 5.24g/t Au (including 1.0m @ 10.75g/t Au) from drill hole MGH17-038 at a depth of 558.0m; Drilling of the upper quartz veining and breccia zones at the Discovery Area confirmed wider widths 50m east of 2014 drilling that assayed up to 11.2m @ 5.44g/t Au; and Drill results have extended the high-grade gold at the sediment-ultramafic Contact Zone, 50m to the east at depth where 2014 drilling returned 7.20m @ 6.24g/t Au. During the final quarter of 2017, Moneta completed five diamond drill holes in the Discovery Area for a total of 3,116.6 m as part of the Company's 2017 exploration drill program which consisted of over 20,000 m drilled in more than 50 drill holes, in total. The assay results for the final two drill holes (MGH17-045 and MGH17-048) of the five drill hole program at Discovery Area are pending.