Crystal Peak Minerals Inc.

Crystal Peak Minerals Inc.

February 17, 2016 07:00 ET

Crystal Peak Minerals Inc. Appoints Pareto Securities as Financial Advisor

TORONTO, ONTARIO--(Marketwired - Feb. 17, 2016) - Crystal Peak Minerals Inc. ("Crystal Peak") (TSX VENTURE:CPM) (OTCQX:CPMMF) is pleased to announce the appointment of Pareto Securities Ltd. ("Pareto Securities") as its financial advisor. Pareto Securities will assist Crystal Peak in evaluating and arranging financing for Crystal Peak's premium specialty fertilizer project on the Sevier Playa in southwestern Utah, U.S.A. (the "Sevier Playa Project"). Pareto Securities will pursue all financing alternatives including debt, equity, off-take-related financing, and other financial products that may be available to Crystal Peak as it moves to construction and operation of the Sevier Playa Project.

"Pareto Securities is the right firm to help implement our strategic goals," said Lance D'Ambrosio, Crystal Peak's CEO. "It has a track record of working with a variety companies to source financing around the globe. We are confident that the opportunity to invest in Crystal Peak's environmentally friendly project in a politically stable jurisdiction, with low cost, long term SOP supplies will be very attractive to investors."

Pareto Securities is an independent full service investment bank with a strong international presence in the natural resource, offshore, and shipping sectors. Headquartered in Oslo, Norway, the company has more than 400 employees across the Nordic countries, United Kingdom, France, USA, Singapore, and Australia. Pareto Securities' offerings include equities, fixed income, research, corporate finance, project finance, and other services.

About Crystal Peak Minerals Inc.

Crystal Peak is focused on the production of premium specialty fertilizers. Crystal Peak controls, directly or through agreement, mineral leases on more than 124,000 acres on its Sevier Playa property in Millard County, Utah. With a brine resource known to contain potassium, magnesium, sulphate, lithium, and a suite of other beneficial minerals, Crystal Peak is targeting the production of specialty fertilizers, initially focused on potassium sulphate ("SOP"), through the use of a cost-effective solar evaporation process. SOP and other specialty fertilizers are used in the production of high value, chloride-sensitive crops such as fruits, vegetables, and tree nuts. Crystal Peak is currently engaged in engineering and analysis designed to support a feasibility study, environmental permitting, and ultimately mineral production.

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About Pareto Securities

Pareto Securities is an independent investment bank and advisory firm with offices in London, Oslo, Sweden, New York, Singapore, Perth and Paris that specialize in the natural resources sector. Pareto Securities has advised on more than US$7 billion of equity, debt and M&A transactions since 2013 for companies in the energy and mining sectors.

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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 adequacy or accuracy of this release.

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the completion and timing of a Feasibility Study and the results thereof, the targeting of the development and production of specialty fertilizers, including SOP, through the use of a cost-effective solar evaporation process, and Crystal Peak's future business. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", 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 is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Crystal Peak to be materially different from those expressed or implied by such forward-looking information. Although Crystal Peak has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Crystal Peak does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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