BRS Ventures Ltd. Announces TSXV Conditional Acceptance, SEDAR Filing of Filing Statement

Amendment to Proposed Private Placement Financing

VANCOUVER, July 19, 2016 - BRS Ventures Ltd. (TSXV: BRV.H) ("BRS"), a capital pool company, is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange (the "Exchange") relating to its previously announced proposed qualifying transaction (the "Transaction") with Anstag Mining Ltd. (see news release dated May 24, 2016). Subject to satisfaction of the Exchange's conditions outlined in its approval letter, the Company expects to close the transaction on July 27, 2016.

A filing statement prepared in accordance with the requirements of the Exchange in connection with the Transaction has been filed with the Exchange and the applicable Canadian securities regulators on SEDAR and is available at www.sedar.com.

BRS also announces that it has amended the terms of its previously announced private placement offering (the "Offering") (see news release dated May 24, 2016). The Offering will now consist of a proposed non-brokered private placement financing of up to 8,500,000 common shares (each a "Share") at a price of $0.05 per Share for gross proceeds of up to $425,000.

Subject to Exchange approval, BRS may pay finders in cash and/or share purchase warrants under the Offering.

The proceeds of the Offering will be used for exploration work on the Margurete Gold Property and general working capital purposes.


About the Margurete Gold Property

The Margurete Gold Property covers 678ha of mineral claims, located in the Phillips Arm area, approximately 120 kilometers northwest of Vancouver in southwest British Columbia, in the Vancouver Mining Division. The Margurete Gold Property was last explored in 2015 with property-wide prospecting, mapping and rock chip sampling run in parallel with a targeted pack-sack diamond drilling program. A short-hole, pack-sack, diamond drilling program was conducted on the project, utilizing a Shaw diamond drill (AQ sized core) with an effective penetration depth of approximately 12 metres.

The primary target at the Margurete Gold Property is the FB Zone, where Falconbridge encountered gold bearing mineralization at shallow depth. An initial exploration program was completed on the Margurete property in 1986 by Falconbridge. This program consisted of geochemical surveys, ground-based geophysics and diamond drilling program, which was successful in identifying gold bearing veins, which are believed to be genetically related to the same mineralizing events responsible for the nearby Doratha Morton and Alexandria Gold mines.


About BRS

BRS Ventures Ltd. was incorporated pursuant to the provisions of the Business Corporations Act (British Columbia) on June 8, 2007. Following its initial public offering on February 29, 2008, BRS qualified as a capital pool company ("CPC") as defined by Exchange Policy 2.4 ("Policy 2.4") and the shares were listed for trading under the trading symbol "BRV-P.V". To date BRS has not completed a Qualifying Transaction ("QT") as defined under Policy 2.4. As BRS has yet to complete a QT, BRS no longer qualifies as a CPC and currently trades on the NEX board of the Exchange under the trading symbol "BRV.H".



For further information please contact:

BRS Ventures Ltd.
Robert McMorran
(604) 639-4521



Information set forth in this news release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. BRS cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond BRS's control. Such factors include, among other things: risks and uncertainties relating to BRS's ability to complete the proposed Offering; and other risks and uncertainties. Accordingly, actual and future events, conditions and results may differ materially form the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, BRS undertakes no obligation to publicly update or revise forward-looking information.

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

A halt in trading shall remain in place until after the Qualifying Transaction is completed or such time that acceptable documentation is filed with the TSX Venture Exchange.

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.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWS