Mr. Arnold Kondrat reports

DELRAND PROVIDES CORPORATE UPDATE

Delrand Resources Ltd. has applied for the removal, without an offer, of its common shares (the delisting) from the Johannesburg Stock Exchange (JSE). The company decided to take this action after concluding that the disadvantages of maintaining its listing on the JSE (including the additional costs and regulation associated with maintaining the listing) outweighed the benefits to the company and its shareholders. The company will announce further details of the delisting, including the salient dates for the delisting, following receipt of all required approvals, the last of which is expected to be received shortly. The listing of the company's common shares on NEX board of the TSX Venture Exchange will not be affected by the delisting from the JSE.

The company also announces that, further to its June 13, 2016, press release, it has closed a non-brokered private placement of 300,000 common shares of the company at a price of 40 cents per share for gross proceeds of $120,000. The company intends to use the proceeds from the offering for general corporate purposes. All shares issued in connection with the offering will be subject to a hold period of four months and a day from the date of issuance and the resale requirements of applicable securities regulation, and will not be listed on the JSE as a result of the imminent delisting.

We seek Safe Harbor.