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File: 7076 - News Release Re Early Warning_Cruise Geoservices (21July17)(LC075026xD5987).PDF

                                     Cruise Geoservices Ltd.
                                      886 Sutherland Avenue
                                North Vancouver, British Columbia
                                            V7L 4A3

                           EARLY WARNING NEWS RELEASE

Vancouver, British Columbia, July 21, 2017, Cruise Geoservices Ltd. ("Cruise Geoservices")
makes the following announcement in accordance with National Instrument 62-103 The Early
Warning System and Related Take Over Bids and National Instrument 62-104 Take-Over Bids
and Issuer Bids. Cruise Geoservices is controlled by Mark Cruise, a director of Velocity
Minerals Ltd. (the "Issuer").

Cruise Geoservices advises that on July 21, 2017, it acquired ownership and control of 5,850,000
common shares in the capital of the Issuer (the "Subject Shares") pursuant to a purchase and
sale agreement dated January 24, 2017, whereby the Issuer acquired all of the issued and
outstanding common shares in the capital of 1077076 B.C. Ltd. (the "Transaction"), in
consideration and in exchange common shares of the Issuer (the "Velocity Shares"). Of the
5,850,000 Subject Shares, Cruise Geoservices acquired 4,500,000 at a deemed issuance price of
$0.25 per share, and 1,350,000 through common share purchase warrants, which were each
exercised for one common share in the capital of the Issuer at $0.075 per share. Effective
July 25, 2017, the Velocity Shares will be listed for trading on the TSX Venture Exchange;
however, the Transaction did not occur on a stock exchange or other market that represents a
published market for securities.

Immediately before the completion of the Transaction, Cruise Geoservices did not beneficially
own or control any Velocity Shares. As a result of the Transaction, Cruise Geoservices
beneficially owns or controls 5,850,000 Velocity Shares, representing approximately 10.19% of
the currently issued and outstanding Velocity Shares.

Cruise Geoservices acquired the Velocity Shares for investment purposes. However, Cruise
Geoservices will review its holdings from time to time and may, in the future, increase or
decrease its ownership or control over securities of the Issuer as circumstances dictate.

An early warning report will be filed under the Issuer's profile on the SEDAR website at
www.sedar.com. A copy of the early warning report can also be obtained from the contact
below.

The Issuer's head office is located at Suite 2300, 1177 West Hastings Street, Vancouver, British
Columbia, V6E 2K3.

For more information contact:

Mark Cruise
Director, Cruise Geoservices Ltd.
604-484-1233




LC074947-1