Mr. Todd Hanas reports

GOLDEN PEAK MINERALS CLOSES FINANCING

Further to its news release dated Sept. 20, 2016, Golden Peak Minerals Inc. has closed a non-brokered private placement financing for total gross proceeds of $499,998.96.

The company has allotted and issued 4,166,658 units at a price of 12 cents per unit. Each unit comprises one common share and one transferable share purchase warrant, with each share purchase warrant entitling the holder to purchase one additional common share of the company until Sept. 26, 2018, at a price of 20 cents per share.

The company intends to use the proceeds from the private placement for general working capital. All securities issued under the private placement are subject to four-month-and-one-day hold periods expiring on Jan. 27, 2017.