Mr. Ernie Elko of El Tigre reports

OCEANUS RESOURCES AND EL TIGRE ANNOUNCE RECEIPT OF INTERIM ORDER AND MAILING OF MEETING MATERIALS

El Tigre Silver Corp. has been granted an interim order from the Supreme Court of British Columbia, authorizing various matters, including the holding of a special meeting of El Tigre shareholders to consider the previously announced arrangement between Oceanus Resources Corp. and El Tigre, and the mailing of a management information circular.

As described in the circular, El Tigre will be seeking shareholder approval for the arrangement under Part 9, Division 5, of the Business Corporations Act (British Columbia).

The special meetings of El Tigre shareholders to consider the arrangement resolution will be held on Thursday, Nov. 5, 2015. El Tigre's special meeting of shareholders will commence at 10 a.m. Pacific Time at 2600, 1066 W Hastings St., Vancouver, B.C. El Tigre shareholders of record as of the close of business on Oct. 2, 2015, are eligible to vote at the special meeting.

The board of directors of El Tigre has unanimously recommended that El Tigre shareholders vote for the arrangement resolution. In addition, each of the directors and senior officers of El Tigre, and certain El Tigre shareholders, who currently hold in the aggregate approximately 68 per cent of the issued and outstanding El Tigre shares, have entered into voting agreements with Oceanus and El Tigre, and have agreed to vote in favour of the arrangement resolution.

Under the terms of the arrangement, El Tigre shareholders will receive 0.2839 of a common share of Oceanus for each El Tigre common share held. In connection with the arrangement, in-the-money warrants and stock options to purchase El Tigre shares will be transferred to El Tigre in exchange for that number of El Tigre shares as is equal to the value of the in-the-money amount of the warrant or option, and such El Tigre shares so issued will be subsequently treated as per the remainder of the outstanding El Tigre shares in the arrangement. Outstanding warrants and options that are not in the money will be cancelled.

The circular is being mailed today to the shareholders of El Tigre and will also be available under the profile of El Tigre on SEDAR.

Your vote is important. Please vote today.

Your vote is important regardless of the number of shares you own. El Tigre shareholders are encouraged to read the circular in detail.

We seek Safe Harbor.