Mr. James Boyce of Blizzard reports

PURSUANT TO: NATIONAL INSTRUMENT 62-103

Blizzard Finance Corp. has filed an early warning report dated Dec. 29, 2015, advising of an increase in its shareholding in Canadian International Minerals Inc. Blizzard has acquired direct ownership and control of an additional 780,000 common shares of Canadian International Minerals at a price of 3.5 cents per common share through the facilities of the TSX Venture Exchange. The 780,000 common shares acquired represent approximately 2.12 per cent of the issued and outstanding common shares of Canadian International Minerals.

As a result of the foregoing transaction, Blizzard now holds 4,595,333 common shares in the capital of Canadian International Minerals, representing approximately 12.53 per cent of the issued and outstanding common shares of Canadian International Minerals. If Blizzard were to exercise all of its warrants, it would hold 5,928,666 common shares of Canadian International Minerals, representing approximately 15.6 per cent of the then total outstanding common shares of Canadian International Minerals, assuming that no further common shares of Canadian International Minerals have been issued.

Blizzard does not own or control any securities of Canadian International Minerals with, nor is Blizzard a joint actor with, another entity.

Blizzard acquired the securities referred to above for investment purposes only. Depending on market and other conditions, Blizzard may from time to time in the future increase or decrease its ownership, control or direction over the common shares or other securities of Canadian International Minerals, through market transactions, private agreements or otherwise.

Blizzard's early warning report filed under National Instrument 62-103 may either be obtained under Canadian International Minerals' profile on SEDAR or by contacting Blizzard.