Mr. Scott Cousens reports

HEATHERDALE CORPORATE UPDATE

Heatherdale Resources Ltd. has issued shares as part of the payment obligations of a convertible debenture with Sino Canada Natural Resources Fund I. A total of 302,187 shares have been issued in settlement of interest payments for the period from Nov. 1, 2015, to Jan. 31, 2016, as per the amended agreement, announced in the company's Dec. 24, 2014, news release.