An anonymous director reports

ISOENERGY ANNOUNCES $4.5 MILLION PRIVATE PLACEMENT OF FLOW-THROUGH SHARES AND UNITS

IsoEnergy Ltd. has arranged an offering, by way of non-brokered private placement, of up to 2.5 million flow-through common shares at a price of $1.60 per flow-through share and up to 370,370 units at a price of $1.35 per unit, raising aggregate gross proceeds of up to approximately $4.5-million.

Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share of the company at a price of $2.00 for a period of 24 months following the closing date of the offering.

The closing of the offering is expected to occur on or before Feb. 8, 2017, and is subject to the completion of formal documentation and the approval of the TSX Venture Exchange. The securities issued pursuant to the offering will be subject to a hold period of four months and one day. The company may increase the size of the offering by up to 15 per cent and/or modify the mix of securities as between flow-through shares and units in its sole discretion.

IsoEnergy will use the proceeds of the offering to continue its exploration activities on its projects in the Athabasca basin, Saskatchewan, and for general working capital purposes.

In connection with the offering, the company will pay a cash finder's fee to Secutor Capital Management Corp. equal to 6 per cent of the gross proceeds raised from placees introduced to the company by it.

About IsoEnergy

IsoEnergy is focused primarily on the exploration of its Radio project, in which it has an exclusive right to earn a 70-per-cent interest, and its 100-per-cent-owned Thorburn Lake project, in each case, located in the Athabasca basin of Saskatchewan. IsoEnergy also holds a 100-per-cent interest in the Madison, 2Z, Carlson Creek and the Thorburn North properties.

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