Revelo Announces Appointment of New Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 10, 2016) - Revelo Resources Corp. ("Revelo" or the "Company") (TSX VENTURE:RVL) is pleased to announce that Doug Reed, currently the Company's Controller, will succeed David Miles as Chief Financial Officer.

Tim Beale, President & CEO of Revelo stated, "I would like to thank David for his substantial contribution to Revelo and for making this transition as smooth as possible. I wish him great success in his future endeavors," he added, "I look forward to working with Doug in his new capacity as CFO. His experience and knowledge of Revelo makes him the perfect fit for this new role."

Mr. Reed brings more than 10 years of accounting experience in the mineral exploration and mining industry focusing on financial reporting, regulatory compliance, internal control and corporate finance activities. Mr. Reed is currently the CFO of Pacific Empire Minerals Corp, a private mineral exploration company, and the corporate controller of Eurasian Minerals Corp. He has also worked in public practice as an audit manager overseeing the annual audits of public companies and auditor requirements related to various special transactions. He was the corporate controller of Revelo from 2014 to 2016. Mr. Reed holds a Bachelor of Science from the University of Victoria and is a Chartered Professional Accountant, CA.

ABOUT REVELO

Revelo is building a sustainable exploration business focused on securing prospective land along the prolific mineral belts of northern Chile, and by implementing effective exploration and capital management strategies to grow, advance and de-risk its portfolio to provide shareholders with multiple opportunities for exploration success.

Revelo controls more than 350,000 hectares of 100% owned exploration tenement along proven mineral belts in northern Chile. The portfolio is comprised of 21 high-quality exploration projects prospective for copper, gold and silver, including 2 projects already under option/JV agreements with Newmont Mining (Montezuma Project) and Austral Gold (San Guillermo Project). In addition, Revelo retains a 2% royalty interest in the Victoria Project, an important copper-gold-silver exploration project in northern Chile.

Revelo is listed on the TSX Venture Exchange (TSX VENTURE:RVL). For more information please visit Revelo's website at www.reveloresources.com.

ON BEHALF OF THE BOARD

Timothy J. Beale, President & CEO

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENT

This news release contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that Revelo expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "indicate" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Revelo believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements.