Finore Mining Announces Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 14, 2016) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Finore Mining Inc. ("Finore" or the "Company") (CSE:FIN)(CSE:FIN.CN)(OTC PINK:FNREF) announces a non-brokered private placement (the "Financing") pursuant to which the Company will issue a maximum of 9,090,909 units (the "Units"), each consisting of one common share in the capital of the Company and one common share purchase warrant (a "Warrant"), at an issue price of $0.275 per Unit for gross proceeds of $2,500,000. Each Warrant will be exercisable to acquire one common share of the Company at a price of $0.40 per share for a period of two years from closing of the Financing. All securities issued pursuant to the Financing will be subject to a hold period of four months plus one day from the date of issuance. Proceeds of the Financing will be used for working capital.

In connection with the Offering, the Company may pay a finder's fee on the Offering within the amount permitted by the policies of the CSE.

Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the CSE. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The Offering is not subject to a minimum aggregate amount of subscriptions.

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.

Cautionary Statement Regarding "Forward-Looking" Information

The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise, except as may be required by law. By its very nature, such forward-looking information requires the Company to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.