Toronto, Ontario - GrowMax Resources Corp. (the 'Company' or 'GrowMax Resources') (TSX-V: GRO) announces that it has filed its condensed interim consolidated financial statements and Interim MD&A - Quarterly Highlights relating to its third quarter 2017 results. These filings can be accessed on SEDAR's website at www.sedar.com and on the Company's website at www.growmaxcorp.com.

SUMMARY OF SELECTED FINANCIAL HIGHLIGHTS

The following Summary of Selected Financial Highlights has been derived from the condensed interim consolidated financial statements and Interim MD&A - Quarterly Highlights. Readers are encouraged to review the entire condensed interim consolidated financial statements and Interim MD&A - Quarterly Highlights. All amounts are in Canadian dollars unless otherwise stated.

($ in thousands)

September 30, 2017

December 31, 2016

Cash and cash equivalents

39,199

42,896

Working capital (see note 1 below)

37,797

49,634

Three months ended September 30

Nine months ended September 30

($ in thousands)

2017

2016

2017

2016

General and administrative expenses

(excluding stock-based compensation and depreciation)

930

1,142

2,940

4,071

Foreign exchange loss (gain)

1,674

(817)

3,335

152

Capital expenditures, net

709

2,193

4,177

8,734

Net cash used by operating activities

4,202

1,206

7,048

12,903

For more information, please contact:

Stephen Keith
President
Tel.: (647) 299-0046
Email: info@growmaxcorp.com
www.growmaxcorp.com

Joanna Rodrigues
Investor Relations & Internal Communications Manager
Tel.: +1 (416) 323-5782
Email: rodrigues@growmaxcorp.com
www.growmaxcorp.com

About GrowMax Resources Corp.

GrowMax Resources Corp. is a publicly listed Canadian company (Ticker GRO on TSX-V) focused on exploration and development of phosphate and potassium-rich brine resources on its Bayovar Property, located in the Sechura Desert in northwestern Peru. The Company's vision is to become a leading producer of phosphate and potash fertilizer products in Peru.

GrowMax Resources owns approximately 95% of GrowMax Agri Corp., a private company that owns 100% of the Bayovar Property, which currently covers approximately 227,000 gross acres. The Indian Farmers Fertiliser Co-operative Limited (IFFCO) and its affiliates own approximately 5% of GrowMax Agri Corp.

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 ACCURACY OF THE RELEASE.

GrowMax Resources Corporation published this content on 23 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 November 2017 12:41:09 UTC.

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