Mr. Greg Crowe reports

BRS VENTURES LTD. CHANGES NAME TO SILVER ONE RESOURCES INC.

BRS Ventures Ltd., effective Sept. 1, 2016, will change its name to Silver One Resources Inc., and forward split its issued and outstanding common shares on the basis of three postsplit common shares for one presplit common share. The company's postsplit common shares will trade on the TSX Venture Exchange under the symbol SVE on Sept. 1, 2016.

The purpose of the name change and split is to enhance the company's ability to access capital markets and enhance liquidity for its shareholders. As a result of the split, the company's 21,641,659 presplit common shares will be 64,924,977 postsplit common shares. Registered shareholders of the company will receive new share certificates under the new Cusip number, which is 828062109.

Private placement financing

The company has amended the terms of the previously announced private placement financing (see news release dated Aug. 22, 2016) by increasing the subscription price per share from 20 cents per postsplit share to 25 cents per postsplit share. As a result, the company will offer 10 million postsplit shares for gross proceeds of $2.5-million. The offering will not be subject to a minimum offering amount.

The offering will be completed pursuant to National Instrument 45-106, prospectus and registration exemptions, and to certain subscribers pursuant to B.C. Instrument 45-536, exemptions from prospectus requirement for certain distributions through an investment dealer. The company confirms that there is no material fact or material change regarding the company that has not been generally disclosed.

Proceeds of the financing will be used for an exploration program on the newly acquired silver projects and for general working capital.

Closing of the offering is subject to the approval of the TSX Venture Exchange.

The company has granted options to purchase 310,000 presplit shares (930,000 postsplit shares) to consultants and advisers of the company. The options will be exercisable at a price of $1 per presplit share (33 cents per postsplit share) and expire five years from the grant date.

We seek Safe Harbor.