Mr. Kyler Hardy reports

EQUITAS RESOURCES ANNOUNCES REVISION TO NON-BROKERED PRIVATE PLACEMENT AND PROPOSED SHARES FOR DEBT SETTLEMENT

Equitas Resources Corp., subject to TSX Venture Exchange acceptance, has made a revision to the pricing of a non-brokered private placement and a shares for debt agreement that were previously announced on Feb. 6, 2015. In accordance with exchange policies, these agreements will now be priced at six cents per common share and not at five cents.

The proposed non-brokered private placement will consist of up to 5,693,333 units at a price of six cents per unit for gross proceeds of up to $341,600. Each unit will be made up of one common share and one warrant exercisable into one common share of the company for a period of 24 months from closing at a price of 10 cents per common share.

All the securities issuable will be subject to a four-month hold period from the date of closing. The private placement is subject to the approval of the TSX-V.

The proceeds of the private placement will be used to advance the company's exploration activities at the Garland property in Labrador, Canada, and for general working capital.

In addition, subject to exchange acceptance, the company has entered into a debt settlement agreement dated Jan. 30, 2015, with Ridge Resources Ltd., a company controlled by Kyler Hardy, president and a director of Equitas.

Ridge entered into an amendment to the assignment of debt agreement dated Feb. 17, 2015, with Zimtu Capital Corp., a related company, whereby Ridge purchased $100,000 of the existing debt for $50,000. The company wishes to extinguish the assigned debt by the issuance of 833,333 common shares at a deemed value of six cents per common share (previously announced at five cents), based on the amount paid by Ridge to acquire the debt, rather than the principal amount of the debt. The shares will be subject to a four-month hold period.

The company is relying on exemptions from the prospectus requirements found in Section 2.14 of National Instrument 45-106 and applicable securities laws to issue the shares to Zimtu. The common shares issued to Ridge will be subject to a four-month hold period.

The company has approved the issuance of 1,775,000 incentive stock options, of which 1.25 million have been allocated to directors and officers. The options are exercisable at 10 cents per common share for a period of five years from the issuance.

We seek Safe Harbor.