Mr. Shaun Dykes reports

AMERICAN CUMO MINING ANNOUNCES NON-BROKERED PRIVATE PLACEMENT AND CUMO PROJECT UPDATE

American CuMo Mining Corp. (CuMoCo) has arranged a non-brokered private placement of up to 10 million units at a price of eight cents per unit for gross proceeds of up to $800,000. Funds will be used for general working capital ($400,000) and continuing work on the company's CuMo porphyry molybdenum-copper-silver project located in Idaho ($400,000). Each unit will consist of one common share of the company and one share purchase warrant exercisable to purchase one common share of the company at a price of 15 cents per common share for a period of five years from the date of issue, subject to an acceleration provision whereby the term of the warrants may be accelerated in the event that the company's common shares trade at or above a price of 17.5 cents per share for a period of 10 consecutive trading days. In such case, the company may give notice to the holders of warrants that the warrants will expire 20 days from the date of providing such notice.

The offering shall include two parts: a private placement to existing shareholders of CuMoCo under a new prospectus exemption process as set out in British Columbia Instrument 45-534 (and in similar instruments in other provinces of Canada except for Ontario and Newfoundland) and a non-brokered private placement to all other eligible investors in accordance with applicable TSX Venture Exchange rules and securities laws.

Existing shareholders of CuMoCo are encouraged to participate in the proposed existing shareholder private placement and are invited to contact CuMoCo by e-mail at info@cumoco.com or by telephone at 1-604-689-7902 for additional information. Only CuMoCo shareholders, who, as of the close of business on Sept. 25, 2015, held common shares of CuMoCo and continue to hold common shares at the time of closing may participate in the existing shareholder private placement. Unless the CuMoCo shareholder is a person that has obtained advice regarding the suitability of the investment and, if such shareholder is resident in a jurisdiction of Canada, that advice has been obtained from a person that is registered as an investment dealer in such jurisdiction, the aggregate subscription cost to such shareholder for the units subscribed under the existing shareholder private placement cannot exceed $15,000 (187,500 units). Existing shareholders who are residents of the provinces of Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, Quebec, Saskatchewan, Yukon, Northwest Territories and Nunavut may participate in the existing shareholder private placement and existing shareholders resident in countries other than Canada may need to meet the applicable eligibility requirements, if any, in their jurisdiction of residence to participate. Shareholders resident in Ontario and Newfoundland are not permitted to participate in the existing shareholder private placement.

The maximum offering under the existing shareholder private placement shall be the balance of the offering not sold through the concurrent offering to institutional and eligible accredited investors, and no minimum number of units and minimum dollar amount raised have been set. If the aggregate subscriptions for units under the existing shareholder private placement exceed the maximum number of units proposed to be distributed, subscriptions will be accepted on a first-come, first-served basis, such that it is possible that a subscription received from a shareholder may not be accepted by the company if the offering is oversubscribed. The board of directors will decide on whether or not to increase the size of the placement to accommodate the oversubscription. The terms and completion of the offering are subject to TSX Venture Exchange approval.

Update on CuMo project

The company announces that the supplemental environmental assessment being prepared for the CuMo project is nearing completion, which will enable the company to complete its exploration program. The U.S. Forest Service has delivered replies to all objections filed by opposition groups and the company is awaiting the delivery of the final decision notice.

The company has also decided to investigate the possibilities of applying ore-sorting techniques to the CuMo project. Ore sorting allows for the separation of the material that contains the grade from the waste. Given that only approximately 10 to 20 per cent of the actual rock at the CuMo project contains the grade, the company believes that ore sorting has excellent potential to substantially reduce costs, both capital and operating, for the project. The investigation will begin with the collection of samples for analysis during the last week of September and should take a few months to complete. An independent engineering firm will complete a National Instrument 43-101-compliant report on the ore-sorting results.

Discussions continue with potential financing partners on financing the full feasibility study for the CuMo project.

Shaun M. Dykes, MSc (Eng), PGeo, president and chief executive officer of the company, is the designated qualified person for the CuMo project and prepared the technical information contained in this news release.

We seek Safe Harbor.