Olympic Resources Ltd. Completes Share Consolidation

December 17, 2013 - VANCOUVER CANADA: Olympic Resources Ltd. (TSX-V: OLA) (Olympic or, the "Company") is pleased to announce that on December 17, 2013, the Company received TSX Venture Exchange approval for its proposed share consolidation. Effective as at the opening of trading on December 19, 2013, the consolidated shares of the Company will commence trading on the TSX Venture Exchange (the "Exchange") on the basis of 1 (one) post-consolidated common share for every 2 (two) pre-consolidated common shares held (the "Consolidation").

As at December 17, 2013, the Company has 26,613,850 shares issued and outstanding. Post consolidation, the Company has 13,306,925 shares issued and outstanding. The Company's new CUSIP number is 68163J207 and the new ISIN number is CA 68163J2074. A Letter of Transmittal with respect to the consolidation has been mailed to the shareholders of the Company.

All shareholders with physical certificates in hand will be required to send their respective certificates representing the pre-consolidated common shares along with a completed Letter of Transmittal to the Company's transfer agent, Computershare Investor Services Inc. ("Computershare"), in Toronto, Ontario, all in accordance with the instructions provided in the Letter of Transmittal. Additional copies of the Letter of Transmittal can be obtained through Computershare (by phone: 1-800-564-6253 or by email: corporateactions@computershare.com). All Shareholders who submit a duly completed Letter of Transmittal along with their respective pre-consolidated share certificate(s) to Computershare will receive in return a post-consolidated share certificate.


On behalf of the Board of Directors,

Dean Nawata



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.

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements.