CNRP Mining Inc.
CSE : CND
CSE : CND.CN
CNSX : CND

July 14, 2017 17:44 ET

CNRP Mining Announces Closing of Private Placement and Provides Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 14, 2017) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

CNRP Mining Inc. (CSE:CND)(CSE:CND.CN)(CNSX:CND) (the "Company" or "CNRP Mining") is pleased to announce that it has now closed its previously announced (see press release dated July 4, 2017) non-brokered private placement offering (the "Offering"). In connection with the Offering, the Company issued 3,000,000 shares at a price of $0.20 per share for gross proceeds of $600,000.

All securities issued in connection with the Offering are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation expiring on November 15, 2017. The net proceeds from the Offering will be used for general corporate purposes and to evaluate business opportunities outside the resource sector.

Additionally, the Company reports that it is actively working to get an updated NI 43-101 report prepared on its Elmtree project. However, the current market for gold exploration firms is rather weak and consequently, in order to enhance shareholder value, the majority of management's time has been directed towards seeking non-resource projects. Management is currently reviewing potential opportunities in the Health Care sector and contemplating raising additional capital to provide financial flexibility to pursue such transactions. The Company will make further announcements on any future developments when and if appropriate.

ON BEHALF OF THE BOARD

"Randy Clifford"
Director

The CSE does not accept responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

This press release contains "forward-looking information" within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, included herein, including statements regarding the proposed share consolidation, the proposed shares for debt settlement transactions and the creation of a new control person, are forward-looking information. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions or are those which, by their nature, refer to future events. Although the Company believes that such statements are reasonable, there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company cautions investors that any forward-looking information disclosed by the Company is not a guarantee of future performance, and that actual results may differ materially from those in forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.

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