Mr. Greg Gibson reports

KERR MINES CLOSES NON-BROKERED PRIVATE PLACEMENT

Further to Kerr Mines Inc.'s press release of Aug. 27, 2014, the company has completed a private placement of 14.5 million units at a price of 30 cents per unit for total aggregate proceeds of $4.3-million. Each unit comprises one common share and one-half of one common share purchase warrant, each warrant entitling the holder thereof to acquire a common share at a price of 39 cents per share until Oct. 1, 2016.

The securities issued are subject to a four-month hold period. Completion of the private placement is subject to final acceptance of the Toronto Stock Exchange.

We seek Safe Harbor.