The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced by Velocity Minerals Ltd. on June 1, 2017.

Number of shares:  8,857,000 shares

Purchase price:  25 cents per share

Warrants:  4,428,500 share purchase warrants to purchase 4,428,500 shares

Warrant exercise price:  40 cents for a one-year period

Number of placees:  55 placees

Insider/pro group participation:  not applicable

Fee:  Aggregate finders' fees of $94,448 and 377,790 finders' warrants were paid. Each finder's warrant entitles the holder to acquire one share of the company at 25 cents for 24 months.