Dr. Bill Pearson of Coastal Gold reports

ONTARIO SUPERIOR COURT OF JUSTICE GRANTS FINAL ORDER FOR COASTAL GOLD PLAN OF ARRANGEMENT WITH FIRST MINING FINANCE

On July 3, 2015, Coastal Gold Corp. received the final order of the Ontario Superior Court of Justice for the acquisition of Coastal Gold by and First Mining Finance Corp. by way of a plan of arrangement under the Business Corporations Act (Ontario).

The arrangement is anticipated to become effective on or about July 7, 2015. Completion is subject to the satisfaction of certain other closing conditions customary of a transaction of this nature. In the event the arrangement is completed, First Mining will acquire all of the issued and outstanding common shares of Coastal Gold in exchange for 0.1625 of a First Mining common share for each Coastal Gold share that is outstanding. It is further anticipated that shortly after the completion of the arrangement, Coastal Gold's common shares will be delisted from the TSX Venture Exchange and that applications will be filed for Coastal Gold to cease to be a reporting issuer under Canadian securities laws.

Full details of the arrangement and certain other matters are set out in the management information circular of Coastal Gold dated May 27, 2015. A copy of the information circular and other meeting materials can be found on SEDAR.

We seek Safe Harbor.