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File: Press Release 201624 Financing Final.docx

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Press Release #201624                FOR IMMEDIATE RELEASE                      December 5, 2016

Enertopia Announces Proposed Financing 

Vancouver, BC-Enertopia Corporation (TOP-CSE) (the "Company" or "Enertopia") Intends to complete a non-brokered privat
--->e placement equity financing of CAD $200,000.
Enertopia intends to complete a non-brokered private placement financing (the "Offering") of eight million equity unit
--->s priced at CAD$0.04; each equity unit consisting of one common share of the Company and one non-transferable share pu
--->rchase warrant, each whole warrant entitling the holder to purchase one additional common share of the Company for a p
--->eriod of 24 months from the date of issuance, at a purchase price of USD$0.06; in order to raise gross proceeds of up 
--->to CAD $200,000.
Enertopia intends to use the proceeds of the Offering as follows: Continued exploration of the Company's exploration p
--->rojects and Lithium brine recovery technology and for general corporate and working capital purposes. The actual alloc
--->ation of the proceeds may vary from the uses set forth above, depending on future operations or unforeseen events or o
--->pportunities. If the Offering is not fully subscribed, the Company may apply the proceeds of the Offering in such prio
--->rity and proportions as the board of directors of the Company determines to be in the best interests of Company.
The Offering will be completed pursuant to Multilateral CSA Notice 45-313 - Prospectus Exemption for Distributions to 
--->Existing Security Holders ("CSA 45-313") and the corresponding blanket orders and rules implementing CSA 45-313 in the
---> participating jurisdictions in respect thereof (collectively with CSA 45-313, the "Existing Security Holder Exemption
--->") and Multilateral CSA Notice 45-318 - Prospectus Exemption for Certain Distributions through an Investment Dealer ("
--->CSA 45-318") and the corresponding blanket orders and rules implementing CSA 45-318 in the participating jurisdictions
---> in respect thereof (collectively with CSA 45-318, the "Investment Dealer Exemption").

As at the date hereof, the Existing Security Holder Exemption is available in each of the provinces of Canada, with th
--->e exception of Newfoundland and Labrador and the Investment Dealer Exemption is available in each of Alberta, British 
--->Columbia, Saskatchewan, Manitoba and New Brunswick. 

Subject to applicable securities laws, the Company will permit each person or company who, as of December 2, 2016 (bei
--->ng the record date set by the Company pursuant to CSA 45-313) (the "Record Date"), who holds common shares of the Comp
--->any as of that date (a "Current Shareholder") to subscribe under the Offering, provided that the Existing Security Hol
--->der Exemption is available to such person or company. Pursuant to CSA 45-313, each subscriber relying on the Existing 
--->Security Holder Exemption may subscribe for such number of equity units that results in an acquisition cost of less th
--->an or equal to CDN$15,000 for such subscribers, unless a subscriber is resident in a jurisdiction of Canada and has ob
--->tained advice regarding the suitability of the investment from a registered investment dealer (in which case such maxi
--->mum subscription amount will not apply). Pursuant to CSA 45-318, each subscriber relying on the Investment Dealer Exem
--->ption must obtain advice regarding the suitability of the investment from a registered investment dealer.
Subscriptions pursuant to the Existing Security Holder Exemption are being allocated to subscribers on a "first come, 
--->first served" basis wherein the subscribers who are first to submit a completed subscription agreement and payment of 
--->the corresponding subscription proceeds will be accepted up until the maximum amount of the Existing Security Holder E
--->xemption portion of the Offering is reached.
In addition to conducting the Offering pursuant to the Existing Security Holder Exemption and Investment Dealer Exempt
--->ion, the Company will also accept subscriptions for equity units where other prospectus exemptions are available.
The Company may pay broker commissions of up to 10 percent in cash and 10 percent in broker warrants in connection wit
--->h the Offering, subject to regulatory approval. Certain directors, officers and insiders of the Company may participat
--->e in the Offering. The Offering may be closed in one or more tranches as subscriptions are received. 
The securities issued will be subject to a hold period in Canada of four months and one day, or for any resales into t
--->he United States under Rule 144, six months and one day. The Offering is subject to customary regulatory approvals. 
  
About Enertopia Corp:
Enertopia is exploring a portfolio of three prospective lithium projects in Nevada, and concurrently working with wate
--->r purification technology that is believed able to recover Lithium from brine solutions, see Company press release dat
--->ed June 28, 2016 for further information on this technology.  

Enertopia's shares are quoted in Canada with symbol TOP and in the United States with symbol ENRT. For additional info
--->rmation, please visit www.enertopia.com or call Robert McAllister, the President at 1.250.765.6412

FORWARD-LOOKING STATEMENTS This release includes forward-looking statements. Statements which are not historical facts
---> are forward-looking statements. The Company makes forward-looking public statements concerning its expected future fi
--->nancial position, results of operations, cash flows, financing plans, business strategy, products and services, compet
--->itive positions, growth opportunities, plans and objectives of management for future operations, including statements 
--->that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "sho
--->uld," "will," and other similar expressions are forward-looking statements. Such forward-looking statements are estima
--->tes reflecting the Company's best judgment based upon current information and involve a number of risks and uncertaint
--->ies, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements.
---> Access to capital, or lack thereof, is a major risk and there is no assurance that the Company will be able to raise 
--->required working capital. Factors which could cause actual results to differ materially from those estimated by the Co
--->mpany include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse p
--->ublicity, litigation, competition and other factors which may be identified from time to time in the Company's public 
--->announcements and filings. There is no assurance that existing capital is sufficient for the Company's needs or that i
--->t will need to attempt to raise additional capital. There is no assurance that any planned corporate activity, Lithium
---> technology venture, or planned financing initiative will be successful. 

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release