Mr. Chris Harris reports

EQUITAS RESOURCES CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT -- OVERSUBSCRIBED

Equitas Resources Corp.'s non-brokered private placement that was announced on July 22, 2016, has been oversubscribed.

Subject to acceptance of the TSX Venture Exchange, the company will close on 6.61 million units at 10 cents per unit for proceeds of $661,000 and 1,818,181 flow-through units at 11 cents for proceeds of $200,000, for total gross proceeds of $861,000.

Each unit will consist of one common share and one share purchase warrant. Each FT unit will consist of one common share and one-half of a share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the company at a price of 16 cents per share for a period of 24 months from closing.

All the securities will be subject to a four-month hold period from the date of closing. There will be no finder's fee payable.

Proceeds of the private placement will be used for Canadian mineral exploration expenditures, development at the Cajueiro project in Brazil and for general working capital.

We seek Safe Harbor.