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Medallion Comments on Recent Market Activity

VANCOUVER, BC–(Marketwired – March 03, 2017) – Medallion Resources Ltd. (TSX VENTURE: MDL) (OTC PINK: MLLOF) (“Medallion” or the “Company”), at the request of Canadian regulatory authority IIROC, confirms that its management is unaware of any material change to the Company or its business that would account for the recent increase in market activity.