Mr. Lance D'Ambrosio reports

CRYSTAL PEAK ANNOUNCES COMPLETION OF $5.35 MILLION PRIVATE PLACEMENT WITH EMR

Further to its press releases dated May 2, 2016, and May 18, 2016, Crystal Peak Minerals Inc. has closed its previously announced non-brokered private placement with EMR Capital Resources Fund 1 LP, pursuant to which the company issued to EMR 12,620,331 common shares at a price of 42.43 cents per common share for gross proceeds of approximately $5.35-million.

Crystal Peak intends to use the funds received from the offering to continue work on its premium specialty fertilizer project on the Sevier playa in southwestern Utah, United States, including advancing work identified in its preliminary feasibility study; efforts to complete its feasibility study; environmental impact statement and other permitting; and for general working capital purposes.

The common shares issued in the offering are subject to a hold period expiring Sept. 26, 2016, in accordance with the rules and policies of the TSX Venture Exchange and applicable Canadian securities laws, as well as such further restrictions as may apply under foreign securities laws. The offering remains subject to the final approval of the TSX-V.

EMR has increase its holdings in the company to approximately 84.8 million common shares, representing approximately 43.2 per cent of Crystal Peak's outstanding shares.

We seek Safe Harbor.