Both offerings remain subject to Exchange approval.

The Company also reports that it has cancelled 5,350,000 options to purchase common shares in the capital of the Company that had been granted to its directors, officers, consultants and advisors.

Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements.

These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict.

Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES New Carolin Shareholders Approve Consolidation – Company Revises Financing Terms Vancouver, BC December 18, 2017.

A large majority of New Carolin’s shareholders approved and passed the resolutions proposed by management at the Meeting, which included a consolidation of the Company’s shares on a 10 old for 1 new basis, updating the Company’s Articles and the re-election of the Company’s five incumbent board members.

Management is now undertaking the appropriate administrative and regulatory procedures to effect the consolidation and changes to the Company’s Articles immediately.

Due to timing of the AGM and the lack of adequate working days during the holiday season to effect the Company’s mandated 10 old-for-1 new share consolidation, the Company will now conduct a pre-consolidation FTS Offering of approximately 7,150,000 flow-through common shares of the Company at a price of $0.035 per flow-through share to raise $250,250.

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-[[

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-$0.05 financings.Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.The unit offering will now consist of up to 5,000,000 units at a price of $0.25 per unit for gross proceeds of up to $1,250,000.Neither the 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 the accuracy of this press release. V: LAD / OTCBB: LADFF) provides the following update and further revised terms regarding the private placement of flow through shares announced on December 18, 2017 and the cancellation of 5,350,000 share purchase options in the capital of the Company.

||

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-$0.05 financings.

Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.

The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.

The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.

The unit offering will now consist of up to 5,000,000 units at a price of $0.25 per unit for gross proceeds of up to $1,250,000.

Neither the 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 the accuracy of this press release. V: LAD / OTCBB: LADFF) provides the following update and further revised terms regarding the private placement of flow through shares announced on December 18, 2017 and the cancellation of 5,350,000 share purchase options in the capital of the Company.

||

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-$0.05 financings.

Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.

The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.

The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.

]].05 financings.

Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.

The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.

The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.

The unit offering will now consist of up to 5,000,000 units at a price of [[

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-$0.05 financings.Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.The unit offering will now consist of up to 5,000,000 units at a price of $0.25 per unit for gross proceeds of up to $1,250,000.Neither the 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 the accuracy of this press release. V: LAD / OTCBB: LADFF) provides the following update and further revised terms regarding the private placement of flow through shares announced on December 18, 2017 and the cancellation of 5,350,000 share purchase options in the capital of the Company.

||

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-$0.05 financings.

Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.

The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.

The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.

The unit offering will now consist of up to 5,000,000 units at a price of $0.25 per unit for gross proceeds of up to $1,250,000.

Neither the 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 the accuracy of this press release. V: LAD / OTCBB: LADFF) provides the following update and further revised terms regarding the private placement of flow through shares announced on December 18, 2017 and the cancellation of 5,350,000 share purchase options in the capital of the Company.

||

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-$0.05 financings.

Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.

The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.

The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.

]].25 per unit for gross proceeds of up to

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-$0.05 financings.Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.The unit offering will now consist of up to 5,000,000 units at a price of $0.25 per unit for gross proceeds of up to $1,250,000.Neither the 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 the accuracy of this press release. V: LAD / OTCBB: LADFF) provides the following update and further revised terms regarding the private placement of flow through shares announced on December 18, 2017 and the cancellation of 5,350,000 share purchase options in the capital of the Company.

||

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-$0.05 financings.

Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.

The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.

The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.

The unit offering will now consist of up to 5,000,000 units at a price of $0.25 per unit for gross proceeds of up to $1,250,000.

Neither the 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 the accuracy of this press release. V: LAD / OTCBB: LADFF) provides the following update and further revised terms regarding the private placement of flow through shares announced on December 18, 2017 and the cancellation of 5,350,000 share purchase options in the capital of the Company.

||

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-$0.05 financings.

Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.

The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.

The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.

,250,000.

Neither the 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 the accuracy of this press release. V: LAD / OTCBB: LADFF) provides the following update and further revised terms regarding the private placement of flow through shares announced on December 18, 2017 and the cancellation of 5,350,000 share purchase options in the capital of the Company.

.05 financings.Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.The unit offering will now consist of up to 5,000,000 units at a price of [[

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-$0.05 financings.Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.The unit offering will now consist of up to 5,000,000 units at a price of $0.25 per unit for gross proceeds of up to $1,250,000.Neither the 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 the accuracy of this press release. V: LAD / OTCBB: LADFF) provides the following update and further revised terms regarding the private placement of flow through shares announced on December 18, 2017 and the cancellation of 5,350,000 share purchase options in the capital of the Company.

||

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-$0.05 financings.

Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.

The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.

The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.

The unit offering will now consist of up to 5,000,000 units at a price of $0.25 per unit for gross proceeds of up to $1,250,000.

Neither the 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 the accuracy of this press release. V: LAD / OTCBB: LADFF) provides the following update and further revised terms regarding the private placement of flow through shares announced on December 18, 2017 and the cancellation of 5,350,000 share purchase options in the capital of the Company.

||

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-$0.05 financings.

Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.

The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.

The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.

]].25 per unit for gross proceeds of up to

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-$0.05 financings.Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.The unit offering will now consist of up to 5,000,000 units at a price of $0.25 per unit for gross proceeds of up to $1,250,000.Neither the 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 the accuracy of this press release. V: LAD / OTCBB: LADFF) provides the following update and further revised terms regarding the private placement of flow through shares announced on December 18, 2017 and the cancellation of 5,350,000 share purchase options in the capital of the Company.

||

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-$0.05 financings.

Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.

The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.

The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.

The unit offering will now consist of up to 5,000,000 units at a price of $0.25 per unit for gross proceeds of up to $1,250,000.

Neither the 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 the accuracy of this press release. V: LAD / OTCBB: LADFF) provides the following update and further revised terms regarding the private placement of flow through shares announced on December 18, 2017 and the cancellation of 5,350,000 share purchase options in the capital of the Company.

||

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-$0.05 financings.

Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.

The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.

The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.

,250,000.Neither the 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 the accuracy of this press release. V: LAD / OTCBB: LADFF) provides the following update and further revised terms regarding the private placement of flow through shares announced on December 18, 2017 and the cancellation of 5,350,000 share purchase options in the capital of the Company.

.05 financings.

Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.

The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.

The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.

The unit offering will now consist of up to 5,000,000 units at a price of [[

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-$0.05 financings.Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.The unit offering will now consist of up to 5,000,000 units at a price of $0.25 per unit for gross proceeds of up to $1,250,000.Neither the 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 the accuracy of this press release. V: LAD / OTCBB: LADFF) provides the following update and further revised terms regarding the private placement of flow through shares announced on December 18, 2017 and the cancellation of 5,350,000 share purchase options in the capital of the Company.

||

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-$0.05 financings.

Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.

The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.

The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.

The unit offering will now consist of up to 5,000,000 units at a price of $0.25 per unit for gross proceeds of up to $1,250,000.

Neither the 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 the accuracy of this press release. V: LAD / OTCBB: LADFF) provides the following update and further revised terms regarding the private placement of flow through shares announced on December 18, 2017 and the cancellation of 5,350,000 share purchase options in the capital of the Company.

||

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-$0.05 financings.

Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.

The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.

The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.

]].25 per unit for gross proceeds of up to

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-$0.05 financings.Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.The unit offering will now consist of up to 5,000,000 units at a price of $0.25 per unit for gross proceeds of up to $1,250,000.Neither the 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 the accuracy of this press release. V: LAD / OTCBB: LADFF) provides the following update and further revised terms regarding the private placement of flow through shares announced on December 18, 2017 and the cancellation of 5,350,000 share purchase options in the capital of the Company.

||

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-$0.05 financings.

Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.

The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.

The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.

The unit offering will now consist of up to 5,000,000 units at a price of $0.25 per unit for gross proceeds of up to $1,250,000.

Neither the 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 the accuracy of this press release. V: LAD / OTCBB: LADFF) provides the following update and further revised terms regarding the private placement of flow through shares announced on December 18, 2017 and the cancellation of 5,350,000 share purchase options in the capital of the Company.

||

The Company will make application for the FTS Offering under the TSX Venture Exchange’s (the “Exchange”) Discretionary Waiver policy for sub-$0.05 financings.

Proceeds from the FTS Offering will be used to fund qualified Canadian Exploration Expenditures (CEE) on the Company’s Ladner Gold Project.

The terms of the previously-announced unit offering will remain the same as announced on December 18, 2017, although its closing will also be delayed until after the New Year, once the Company has effected its consolidation.

The terms of the proposed private placement announced in the Company’s press release issued November 16, 2017 have been changed.

,250,000.

Neither the 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 the accuracy of this press release. V: LAD / OTCBB: LADFF) provides the following update and further revised terms regarding the private placement of flow through shares announced on December 18, 2017 and the cancellation of 5,350,000 share purchase options in the capital of the Company.