Revelo Resources Corp.
TSX VENTURE : RVL

Revelo Resources Corp.

April 19, 2016 16:15 ET

Revelo Announces Director Resignation

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 19, 2016) - Revelo Resources Corp. ("Revelo" or the "Company") (TSX VENTURE:RVL) announces that Charles Cannon-Brookes has resigned from the Board of Directors of the Company effective April 18, 2016.

Mr. Cannon-Brookes has served as an Independent Director of Revelo since December 2014 and will continue to collaborate with the Company as a consultant to the Board and management team.

Timothy Beale, President & CEO of the Company, stated "We would like to thank Charles for his contribution to Revelo and we look forward to continue working with him in his new advisory capacity".

The number of Directors on the Board of Revelo will be reduced to 5 as a result of the resignation.

ABOUT REVELO

Revelo is a prospect generator that has consolidated an outstanding portfolio of 21, wholly-owned projects prospective for copper, gold and silver located along proven mineral belts in one of the world's top mining jurisdictions - Chile. Multiple targets are ready for drill testing within the portfolio, and two projects are subject to option and joint venture agreements with subsidiaries of Newmont Mining (Montezuma Project) and Austral Gold (San Guillermo Project). In addition, Revelo is developing a nascent royalty portfolio and retains a 2% royalty interest in the Victoria Project, an important copper-gold-silver exploration project in northern Chile.

Revelo has a goal of 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 is actively looking for partners to advance other projects within its portfolio.

Revelo is a Canadian company and 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.

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