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File: PR_102516_PP.pdf

                                              HFX HOLDING CORP.
                                        Suite 1500   885 West Georgia Street,
                                        Vancouver, British Columbia V6C 3E8

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                      HFX Holding Corp. Announces Proposed Private Placement

October 25, 2016                                                                                   TSX Venture Exchang
--->e
                                                                                                    Trading Symbol: HX
--->C

Vancouver, BC   HFX Holding Corp. (TSX-V: "HXC") (the "Company"), announces a non-brokered private
placement (the "Private Placement") of up to 2,000,000 units (each a "Unit") at a price of $0.15 per Unit for gross
proceeds of up to $300,000. Each Unit will consist of one common share and one common share purchase warrant
(each a "Warrant"). Each Warrant entitles the holder to purchase one additional common share of the Company at a
price of $0.30 per share for a period of 60 months from the date of closing.

A finder's fee from the sale of the Units may be paid in cash to the arm's length finders in connection with the
Private Placement. The securities to be issued under the placement will be subject to a four-month hold period and
the Private Placement is subject to the acceptance of the TSX Venture Exchange. The proceeds from the sale of
Units will be added to working capital in furtherance of the Company's business.

Certain directors and officers of the Company intend to acquire Units under the Private Placement. Any such
participation would be considered to be a "related party transaction" as defined under Multilateral Instrument 61 -
101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The transaction will be exempt
from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market
value of any shares issued to, or the consideration paid by such persons, will exceed 25% of the Company's market
capitalization.

About HFX Holding Corp.

The Company recently commenced operations as a Tier 2 mining issuer. Prior to the TSX Venture Exchange
approval of the Company's acquisition of an option to earn a 100% interest in the Kiwi property located in the
Yukon Territory, as the Company's qualifying transaction, HFX Holding Corp. had been a Capital Pool Company.

On behalf of the Board of Directors


Zhuo Cao
Chief Executive Officer
Director

For further information please contact:

Zhuo Cao
Telephone: (778) 240-5678


Neither the TSX Venture Exchange not 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.