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File: CA NR 2015 05 28 - PP Closings - Initial & Subsequent PPs.docx

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 NEWS RELEASE
May 28, 2015  TSXV: CA  Frankfurt:  OGPN:GR
Codrington Closes Private Placements
Vancouver, BC / May 28, 2015 / Codrington Resource Corporation (the "Company") (TSXV: CA) (FRANKFURT: OGPN:GR) is plea
--->sed to announce that it has completed the final tranche of a non-brokered private placement that was announced on Apri
--->l 9, 2015 (the "Initial Private Placement") raising gross proceeds of $75,000 by the issuance of 1,500,000 units at a 
--->price of $0.05 per unit.  Each unit consists of one common share and one transferable common share purchase warrant, w
--->ith each warrant exercisable for a period of three years from closing at a price of $0.08 per share. 
The total amount of the Initial Private Placement proceeds, including the first tranche that closed on April 27, 2015 
--->is $250,000, representing a total issuance of 5,000,000 units.
The Company paid a finder's fee of 10% cash and 10% non-transferable finder's warrants on the gross proceeds of the In
--->itial Private Placement.  Each finder's warrant will entitle the finder to purchase one common share of the Company at
---> a price of $0.08 per share for a period of three years from closing.
The Company also announces that it has completed the first tranche of a new non-brokered private placement that was an
--->nounced on May 20, 2015 (the "Subsequent Private Placement") raising gross proceeds of $89,000 by the issuance of 1,78
--->0,000 units at a price of $0.05 per unit.  Each unit consists of one common share and one transferable common share pu
--->rchase warrant, with each warrant exercisable for a period of three years from closing at a price of $0.08 per share
All securities issued pursuant to the private placements are subject to a four month hold period as required under app
--->licable securities laws.
The private placement proceeds will be used to complete initial exploration work at the Lac Aux Bouleaux Graphite Proj
--->ect and for general working capital.
On behalf of the Board of Directors,
Adrian Hobkirk, President and CEO Toll Free: 1-855-894-4524 E:  ahobkirk@resourceexploration.com W:  www.resourceexplo
--->ration.com 
The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibilit
--->y or liability for the adequacy or accuracy of the contents of this news release.