The TSX Venture Exchange has accepted for filing an arrangement agreement between Oceanus Resources Corp. and El Tigre Silver Corp., dated Sept. 15, 2015. On Nov. 13, 2015, pursuant to the agreement, Oceanus acquired all of the issued and outstanding common shares of El Tigre by way of a plan of arrangement under the Business Corporations Act (British Columbia). Under the agreement, each El Tigre shareholder received 0.2839 of an Oceanus common share for each common share of El Tigre held.

The transaction was approved by the shareholders of El Tigre at a special meeting of the shareholders held on Nov. 5, 2015, and was approved by the Supreme Court of British Columbia on Nov. 10, 2015, and the transaction closed on Nov. 13, 2015.

Postarrangement (Oceanus)

Capitalization:  unlimited shares with no par value, of which 76,870,273 Shares are issued and outstanding

Escrow:  nil shares

Transfer agent:  Computershare Investor Services Inc.

Trading symbol:  OCN (unchanged)

Cusip No.:  67551V103 (unchanged)

For further information, please refer to the El Tigre information circular, dated as of Oct. 6, 2015, which is available on SEDAR, and the Oceanus news releases dated Sept. 15, 2015, and Nov. 13, 2015.