SOURCE: Aida Minerals Corp.

December 14, 2015 20:34 ET

Aida Issued 18,117,698 Common Shares, Closes $240,000 in Private Placements & Announces Further Placement of US$250,000

VANCOUVER, BC--(Marketwired - December 14, 2015) - Aida issued 18,117,698 common shares. 14,403,698 shares were issued pursuant to the plan of arrangement, which was approved by the Supreme Court of British Columbia on January 7, 2014. 1,100,000 shares were issued regarding the Toro Mineral Property option. 424,000 shares were issued pursuant to a private placement at a price of $0.05 per share and 2,190,000 shares were issued pursuant to a private placement at $0.10 per share. A further private placement subscription of US$250,000 or approx. CDN$343,325 based on current exchange rates, at a price of CDN$.25 per share, has been received and expected to close coincident with application for listing on the Canadian Securities Exchange. That placement will be announced on closing and result in issuance of approximately 1,373,300 shares.

Under the Toro Option Agreement and Assignment Agreement Aida has the right to explore and develop the Toro Mineral Property located approximately 170 kilometers west-southwest of Fort Nelson, British Columbia and consisting of nine unsurveyed mineral lode claims with a total area of 916.83hectares

A National Instrument 43-101 compliant technical report prepared by Edward Harrington of Reliance Geological Services Inc. dated February 7, 2014 and revised by the author on October 23, 2015 (the "Technical Report") states that the Toro Project has good potential to host an economic vein-type copper deposit. The Technical Report recommends two major phases of work. This Technical Report, and the Author's Consent have been filed on SEDAR and can be viewed in their entirely at www.sedar.com.

ON BEHALF OF THE BOARD
"Robin S. Tolbert"
Director, CEO

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