Arehada Provides Update

TORONTO, ONTARIO--(Marketwired - Oct. 10, 2014) - Arehada Mining Limited ("Arehada" or the "Company") (NEX:AHD.H) wishes to announce that Arehada expects an annual and special meeting of shareholders to be held on or about late December of 2014 or early January of 2015, assuming the audit is completed in November, 2014. At the meeting, shareholders will be asked to approve, among other things, the voluntary dissolution of the Company.

The Company also reports that subject to shareholder ratification at the meeting, the Company, through its subsidiary, Arehada Barbados Limited, has invested the net proceeds from the sale to Shanjin in the amount of RMB 621.77 million in Yunnan Xuming Tiancheng Tourism Development Co. Ltd. ("Tiancheng"), with RMB 225 million as equity investment (and RMB 396.77 million as a shareholder loan. Both the equity and loan investment in Tiancheng has been approved by China's State Administration of Foreign Exchange ("SAFE"). The shareholder's loan can be repaid any time upon demand by the shareholder in accordance with the terms of the shareholder loan agreement. Shareholders will be asked to ratify the investment in Tiancheng at the meeting.

If the shareholders approve the dissolution and the Tiancheng investment at the meeting, the Company will proceed to liquidate its assets, including its investment in Tiancheng. The proceeds from the liquidation will be used to satisfy the Company's liabilities and the remaining proceeds will be distributed to the shareholders.

The Company will need to use of the Renminbi to purchase Canadian dollars to be expropriated to Canada for distribution to Canadian resident shareholders and will apply for SAFE approval for such amount. The Company's Chinese management has advised that they had recorded the Tiancheng shareholder loan agreement with SAFE. To apply, the Company will need to provide evidence of shareholder ratification to SAFE.

Forward Looking Information

The above contains forward looking information that is subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Generally, forward looking information can be identified by the use of forward looking terminology such as "plans", "expects", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward looking information in this press release relates to the management's expectation on completing the audit and anticipated date of completion, management's plan on calling a shareholders' meeting, the expected date of the meeting and anticipated businesses to be approved at the shareholders' meeting, the Company's plan to liquidate its assets, to satisfy its liabilities and to distribute remaining assets to its shareholders; the Company's expectation to apply for SAFE approval for amount to be sent to Canadian shareholders. Although we believe the expectations reflected in our forward looking information are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. Readers should not place undue reliance on forward looking information.