Signature Resources Ltd.
TSX VENTURE : SGU

November 21, 2014 15:49 ET

Signature Announces Closing of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 21, 2014) -

NOT FOR DISTRIBUTION TO THE U.S.A. NEWS WIRE SERVICES OR FOR DISSEMINATION TO THE U.S.A.

Signature Resources Ltd., (TSX VENTURE:SGU) ("Signature" or "the Corporation") is pleased to announce the completion of its non-brokered private placement of Units and Flow-through Units under which it raised gross proceeds of $192,600 from the sale of 5,170,000 units at $0.03 per unit and 937,500 flow-through units at $0.04 per unit. Each unit consists of one common share and one warrant; each warrant entitles the holder to purchase one additional Common Share for 36-months at a price of $0.05 per share. Each flow-through unit consists of one flow-through Common Share and one-half warrant; each whole warrant entitles the holder thereof to purchase one common share in the capital of the Corporation for a period of 36 months at an exercise price of $0.05 per Common Share. Directors and officers of the Corporation participated in the private placement in the amount of $33,000.

The Corporation paid $4,608 in Finder's Fee and issued 128,600 Finder's Warrants in connection with this closing. All of the securities will be subject to a four month hold period expiring on March 18, 2015. The proceeds of the offering will be used to pay the expenses of the offering, general and administrative expenses, working capital and to fund further exploration and development on the Corporations Lingman Lake Property located in Northwestern Ontario.

About the Corporation

Signature Resources Ltd. is an exploration company, publicly traded on the TSX Venture Exchange (TSX-V) under the symbol SGU, focused on the exploration and development of its Lingman Lake Property, located in Northwestern, Ontario. The property is at a preliminary stage and hosts a historic gold estimate which is to be evaluated to potentially bring the historic estimate to current compliant resource reporting.

Neither the 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.

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such.

ON BEHALF OF THE BOARD OF DIRECTORS OF

SIGNATURE RESOURCES LTD.

Walter Hanych

Chief Executive Officer

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