The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 15, 2017, and July 10, 2017.

Number of shares:  8,089,600 shares

Purchase price:  25 cents per share

Warrants:  8,089,600 share purchase warrants to purchase 8,089,600 shares

Warrant exercise price:  35 cents for a two-year period

Number of placees:  41 placees

Total pro group involvement:  305,000 (three placees)

Finders' fees:  $31,200 payable to Tieshi Mining Ltd. (Tieshi Li), with 124,800 warrants exercisable at 35 cents for two years; $1,200 payable to Fraser Fleming; 56,000 warrants issuable to Mackie Research Capital Corp., exercisable at 35 cents for two years; $1,500 payable to Integral Wealth Management, with 6,000 warrants exercisable at 35 cents for two years; $1,750 payable to Raymond James Ltd., with 7,000 warrants exercisable at 35 cents for two years; $8,050 payable to PI Financial Corp., with 32,200 warrants exercisable at 35 cents for two years; $2,000 payable to Ascenta Finance Corp., with 8,000 warrants exercisable at 35 cents for two years; $1,750 payable to Richard Hayward; $8,750 payable to Haywood Securities Inc., with 35,000 warrants exercisable at 35 cents for two years

The company issued a news release on July 18, 2017, confirming the closing of the private placement. Note that in certain circumstances, the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.