Claim Post Resources Inc. Announces the Commencement of Sonic Drilling on the Seymourville Frac Sand Project and the Completion of the $350,000 Gossan Payment

TORONTO, ONTARIO--(Marketwired - Dec. 5, 2014) - Claim Post Resources Inc. (TSX VENTURE:CPS) is pleased to announce that it has started a 20 hole sonic drill program on the Seymourville Frac Sand project. The drill program is designed to quantify the tonnage of sand on the Gossan (Gossan Resources Limited ("Gossan") leases. The holes are spaced at 400m x 400m centers with a number of fill-in holes to confirm historical drilling and to support an Indicated Mineral Resource. Several preliminary geotech holes will also be completed.

The Gossan payment of $350,000 is the second to last payment for the Gossan leases; the final payment of $430,000 (CDN dollars) is due in June 2015. Gossan also retains a royalty of $1.00 per tonne on frac sand and $.50 per tonne for other silica or clay products sold from the leases. Claim Post has the right to buy out 50% of the Gossan royalty for $1,500,000 cash at any time.

In June, 2014, Claim Post announced an initial NI 43-101 Inferred Mineral Resource Estimate of 25,959,000 tonnes of high quality silica sand on 20% of the Project Lease Area for the Seymourville Frac Sand Project (SEDAR June 20, 2014). This sonic program is designed to expand and further quantify the sand resource on the Gossan leases plus allow updating of the NI 43-101 resource after each drill campaign.

In November, 2014, Claim Post announced the results of a Preliminary Economic Assessment ("PEA") for its Seymourville Frac Sand Project located approximately 200km NE of Winnipeg, Manitoba. The PEA was prepared by P & E Mining Consultants Inc. ("P&E") of Brampton, Ontario. (SEDAR November 24th, 2014.)

The PEA demonstrates the potential for development of an economically robust frac sand quarry operation in Seymourville, Manitoba. At a Tier 1 frac sand price of CDN$110 per tonne delivered on rail at Winnipeg, the Seymourville Frac Sand Project Base Case has an estimated CDN$617 million after-tax net cash flow, a CDN$151 million after-tax Net Present Value at a 10% discount rate, an after-tax Internal Rate of Return of 21%, with a relatively low initial capital expenditure of CDN$93 million (for construction of a quarry, wash/screening plant and Winnipeg Transload facility) to produce the initial 1.0 million tonnes per annum of frac sand.

Charles Gryba, President and CEO of Claim Post Resources Inc. stated "We are extremely pleased to make the Gossan payment and start the sonic drill program. Our recent PEA demonstrated the competitive economics of the project as well as the high quality of the in-situ sand deposit. The project has been shown to host Tier 1 Frac Sand and the site operating costs, at $25 per tonne, are in line with the lowest cost US producers. We have cut 10km of drill road in the past month using local Hollow Water and Seymourville crews. Our Social License is in good standing for a year thus line cutting and sonic drilling can be phased as required in 2015. The initial 20 sonic drill holes should be completed by Christmas 2014 allowing a resource update in the 1^st Quarter 2015.

About the Frac Sand Market

Frac sand consumption in 2014 will be more than 50 million tons; many of the US mines are sold out. The leading edge oil and gas companies are now using up to 10,000 tons of sand to frac an individual well thus sand production may hold steady even with the drop in oil prices. The major US frac sand mining companies are now selling 70% of their frac sand at shale basin terminals where they have a competitive freight advantage. Claim Post will also use that marketing model.

Claim Post's Seymourville Frac Sand Deposit is approximately 1,000 km closer to the Canadian market and with access to 3 major railroads in Winnipeg will generate significant transportation savings through-out Western Canada and the northern portion of the Bakken. The Canadian oil and gas industry will continue to import natural frac sand for the foreseeable future, thus the Seymourville Tier 1 frac sand will be very competitively priced relative to Wisconsin Tier 1 sand. In addition, the US $ dollar differential is now substantial for a Canadian operation.

Qualified Person

Charles Gryba P.Eng is the qualified person for this press release.

Claim Post Resources Inc. is a Canadian based mineral exploration company and a reporting issuer in Ontario, Alberta and British Columbia. The Company is focused on becoming a leading provider of premium white silica sand proppant to oil operations in the Williston Basin (both the Canadian and U.S. sides of the Border), and to the entire Western Canadian Sedimentary Basin from its Seymourville Frac Sand Project, located 200 km northeast of Winnipeg, Manitoba. Claim Post also has mineral claims in the Timmins area for gold and base metal exploration. There are 118,019,160 common shares of the Company currently issued and outstanding.

Statements in this release that are forward-looking reflect the Company's current views and expectations with respect to its performance, business, and future events. Such statements are subject to various risks and assumptions, some, but not necessarily all, are disclosed elsewhere in the Company's periodic filings with Canadian securities regulators. Such statements and information contained herein represent management's best judgment as of the date hereof based on the information currently available; however actual results and events may vary significantly.

The Company does not assume the obligation to update any forward-looking statement. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the accuracy of this release.