Claim Post Resources Inc. Announces the Commencement of a Non-Brokered Private Placement

TORONTO, ONTARIO--(Marketwired - Jun 28, 2016) - Claim Post Resources Inc. (TSX VENTURE:CPS) ("Claim Post" or the "Company") announces commencement of private placement to raise up to $2,000,000 Canadian.

The offering is for up to 40,000,000 Units, for maximum gross proceeds of $2,000,000, which may be comprised of Common Share Units (the "Common Unit Offering") and Flow-Through Units (the "Flow-Through Unit Offering") of the Company at an issue price of CDN$0.05 per Common Unit and at an issue price of $0.06 per Flow-Through Unit (collectively, the "Offering"). Subscribers may choose to subscribe for only Common Units or only Flow-Through Units or a combination of both. Each Unit consists of one (1) common share and one-half (1/2) of one common share purchase warrant (a "Warrant"). Each Warrant is exercisable at an exercise price of $0.075 per share for a period of three (3) years from the date of issuance.

The Offering will be conducted by the Company utilizing the "existing shareholder exemption" as described in Multilateral CSA Notice 45-313 - Prospectus Exemption for Distributions to Existing Security Holders (the "Existing Shareholder Exemption"), as well as exemptions under the "accredited investor" exemption of National Instrument 45-106 - Prospectus and Registration Exemptions ("NI 45-106"), and also other applicable exemptions available to the Company.

The proceeds received from the Offering will be used (1) to fund the acquisition of a silica sand quarry project located near Seymourville, 200km NE of Winnipeg, Manitoba, (Canada); (2) to complete marketing and engineering studies on the project; (3) for exploration of the Company's properties including the Mountjoy Property and Dayton-Racetrack Property located in Timmins, Ontario. These properties are prospective for gold; and (4) for general working capital purposes.

All securities issued will be subject to a four (4) month hold period from the date of closing. The Offering is subject to the approval of the TSX Venture Exchange.

At closing of the Offering finder's fees of 7% of the proceeds may be payable in cash, and by 7% finder warrants which are exercisable at the price of $0.05 per share and expire 12 months from the date of closing of the Offering.

Claim Post Resources would also like to announce that Joel Schneyer has reigned as a Director of the Company. The Board of Directors and Management would like to thank him for his contribution to the Company and wish him well in his future endeavours.

Claim Post Resources Inc. TSX V (CPS) is a Canadian based mineral exploration company and a reporting issuer in Ontario, Alberta and British Columbia. Claim Post has a major land position the Timmins Camp for gold and base metal exploration. The recent interest in gold now makes Timmins very active for exploration - for example the $930m Tahoe Resources deal to buy Lakeshore.

Claim Post is also well positioned to become a future leading provider of premium white silica sand proppant to shale oil drilling operations in the Williston Basin (both the Canadian and U.S. sides of the Border), and to the oil and natural gas plays in the Western Canadian Sedimentary Basin from its Seymourville Frack Sand. There are 125,583,908 common shares of the Company currently issued and outstanding.

Statements in this release that are forward-looking reflect the Company's current views and expectations with respect to its performance, business, and future events. Such statements are subject to various risks and assumptions, some, but not necessarily all, are disclosed elsewhere in the Company's periodic filings with Canadian securities regulators. Such statements and information contained herein represent management's best judgment as of the date hereof based on the information currently available; however actual results and events may vary significantly.

The Company does not assume the obligation to update any forward-looking statement. Neither 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.

Contact

Claim Post Resources Inc.
Charles Gryba
President and Director
416-801-6366
www.claimpostresources.com
Claim Post Resources Inc.
Peter Gryba
Corporate Affairs
416-203-3776