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File: CKR News 03-27-15 NFT Financing Closed.docx

    Suite 1220 -789 West Pender 
Vancouver, BC, V6C 1H2
P: (604) 683-3995   F: (604) 683-3988
Email: info@caribouking.com
Web: www.caribouking.com
     
CARIBOU CLOSES FIRST TRANCHE OF NON FLOW THROUGH FINANCING
March 27th, 2015, Vancouver, BC, Canada - Caribou King Resources Ltd. ("Caribou" or the "Company")(CKR - TSX.V)(CB8 - 
--->FRANKFURT) is pleased to announce that, further to its news releases dated February 24th, 2015 and March 2nd, 2015, th
--->e Company has completed the first tranche of its non-brokered private placement of 3,350,000 non flow-through units (t
--->he "NFT Units") at a price of $0.10 per NFT Unit for an aggregate gross proceeds of $335,000 (the "Offering"). 

Each NFT Unit is comprised of one common share (a "Share") and one-half of one Share purchase warrant (a "Warrant") of
---> the Company.  Each whole Warrant will entitle the holder to purchase one non flow-through common share (a "Warrant Sh
--->are") in the capital of the Company at a price of $0.15 per Warrant Share until March 26th, 2016.

All securities issued pursuant to the private placement are subject to a hold period expiring on July 28th, 2015.

The Company issued to the finders under the Offering a total of 26,100 finder's warrants ("Finder's Warrants") to purc
--->hase up to 26,100 non flow-through common shares ("Finder's Warrant Shares") in the capital of the Company at a price 
--->of $0.10 per Finder's Warrant Share for a period of 12 months.  In addition, the Company paid cash commissions to the 
--->finders totaling $2,610. 

For more information, visit the website at www.caribouking.com.

On Behalf of the Board of Directors

CARIBOU KING RESOURCES LTD.

"Michael England"
 CEO and Director 

Contact Information
E-mail inquiries: info@caribouking.com
Website:              www.caribouking.com
Phone:                 (604) 683-3995   

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
---> Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or fu
--->ture performance and reflect management's current expectations and assumptions.  Such forward-looking statements refle
--->ct management's current beliefs and are based on assumptions made by and information currently available to the Compan
--->y. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject 
--->to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looki
--->ng statements are made as of the date hereof and, except as required under applicable securities legislation, the Comp
--->any does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward
--->-looking statements made in this press release are qualified by these cautionary statements and by those made in our f
--->ilings with SEDAR in Canada (available at www.sedar.com).