Mr. Eugene Beukman reports

BRAKPAN ENTERS INTO AGREEMENT TO ACQUIRE BLACKBIRD CREEK PROJECT

Brakpan Ventures Corp. has entered into an agreement to acquire a 100-per-cent interest in the Blackbird Creek project, located in the Idaho mineral belt in Lehmi county, Idaho, United States of America. The claims are located approximately 70 kilometres southwest from Salmon, Idaho. The 71 lode claims encompass approximately 1,400 acres.

The Idaho mineral belt trends northwesterly through central Idaho, is approximately 48 kilometres long and eight kilometres wide, and is composed predominantly of metamorphosed sedimentary rocks, which are part of the belt supergroup.

Under the terms of the agreement, to earn a 100-per-cent interest in the property, Brakpan has agreed to pay the vendors a $25,000 deposit and the remaining $125,000 and issue six million shares to the vendors upon receipt of regulatory approval. The vendors will receive a 2.0-per-cent net smelter return (the NSR). The purchaser may at any time acquire 1.0 per cent of the NSR from vendors in accordance with the NSR acquisition terms in the agreement.

The above agreement is subject to regulatory approval.

The company also wishes to announce the appointment of Paul J. DesLauriers as director of the company. Mr. DesLauriers is a principal at Loewen Ondaatje McCutcheon Ltd., a Canadian investment dealer of which he was a co-founder in 1970. He has been active in the Canadian investment industry since 1962 in research, institutional coverage and corporate finance in Toronto and Montreal. In 1986, Mr. DesLauriers was a founder and a partner of the Lakewood Capital Group, which had a production profile of over 7,500 barrels of oil equivalent per day when it was sold. In 1984, he was a founder and a funder of the CMP Group, which was the driver of changes in legislation, which resulted in the emergence of the flow-through financing mechanism for the resource sector in Canada. He also served as the vice-chairman and governor of the Montreal Exchange. Mr. DesLauriers also served as a director and officer of the Montreal Society of Financial Analysts. He served as the chairman of the Canadian Securities Institute. Mr. DesLauriers obtained a bachelor of arts in literature and a bachelor of commerce in finance from Concordia University in 1962 and 1967, respectively.

The company has accepted the resignation of Jim Chapman as director, effective Feb. 24, 2017. The board of directors wishes to express its gratitude to Mr. Chapman for his contributions to the company and to wish him well with his future endeavours.

The company would also like to announce that it has set aside an aggregate of 500,000 incentive stock options to its directors and officers to purchase shares of the company at an exercise price of five cents per share for a period of five years.

We seek Safe Harbor.