The TSX Venture Exchange has accepted for filing Riley Resources Corp.'s qualifying transaction described in its filing statement dated March 1, 2017. As a result, effective at the opening on Wednesday, March 29, 2017, the trading symbol for the company will change from RLY.P to RLY, and the company will no longer be considered a capital pool company.

The qualifying transaction includes the property option agreement dated Oct. 13, 2016, between the company and MSM Resources LLC. Pursuant to the agreement, the company has acquired the option to earn a 100-per-cent interest in the East Manhattan Wash project in Nevada.

Consideration for the property is aggregate cash payments of $57,500 over four years, as well as exploration expenditures of $550,000 over five years.

The exchange has been advised that the qualifying transaction has been completed. The full particulars of the company's qualifying transaction are set forth in the filing statement dated March 1, 2017, which has been accepted for filing by the exchange and is available under the company's profile on SEDAR.

Resume trading

Effective at the open on Wednesday, March 29, 2017, shares of the company will resume trading.

The company is classified as a mining company.

Capitalization:  unlimited shares with no par value, of which 10,665,255 shares are issued and outstanding

Escrow:  5,991,994 shares subject to Tier 2 value (4,800,001 of which were escrowed pursuant to the CPC initial public offering)

Transfer agent:  Computershare Investor Services Inc.

Trading symbol:  RLY (same symbol as CPC but with .P removed)

Cusip No.:  766684 10 4 (unchanged)