Nippon Dragon Resources closes a private placement and provides operational update on the Arizona project

Brossard, November 22nd, 2016 - Nippon Dragon Resources Inc. (the "Corporation" or "Nippon") (TSX-V Symbol: NIP), is pleased to announce the closing of a non-brokered private placement. The placement is for 3,333,334 units of the Corporation at a price of $0.075 per unit (the "Units"), for aggregate gross proceeds of $250,000.00. Each unit consists of one common share in the share capital of the Corporation (a "Common Share") and one warrant of the Corporation (a "Warrant"). Each warrant entitles the holder thereof to purchase one additional common share in the share capital of the Corporation at a price of $0.12 per common share for a period of 24 months following the closing of the private placement.

All securities issued in connection with the Private Placement are subject to a four month and one-day hold period from the date of issuance, expiring on March 23rd, 2017. The Corporation intends to use the net proceeds of the Private Placement for general corporate purposes and working capital for thermal fragmentation operations.

With regards to the project in Arizona, Nippon announces that the drilling of pilot holes is complete. In excess of 480 6-inch holes were drilled all on the same mineralized structure. Thermal fragmentation operations have begun and management wishes to state that the purpose of employing the technology is to verify the grades and the widths of the mineralized veins on a known structure and that the same type of operations will be conducted on other structures located on the site.

Additionally, Nippon has a trainer on-site to train our client's employees and training will continue until the end of the year. The treatment plant is a few weeks away from completion, the mill, conveyor, pumps and flotation cells are all installed as well as the gravimetric concentrator. The only parts that will delay the start-up of the plant are a thickener and drum filters that are added to ensure maximum recovery of the ore. These pieces are expected to arrive at the site just before the holiday season, in the meantime the ore will be stored at the work site.


About Nippon

Nippon is active in the exploration and the development of gold resources in Quebec. The Corporation holds a gold property with resources recognised in accordance with NI43-101, a modular treatment plant and also an exclusive license for the Thermal Fragmentation mining method.

The company's growth strategy is based on:

--The development of its gold deposits with the objective of producing revenue from its operations;

--Increasing the value of its mining assets by prioritizing the exploration targets; and

--The commercialisation and employment of its thermal fragmentation technology.



For additional information:

Nippon Dragon Resources Inc.
John Stella, Investor relations
(514) 718-7976
jstella@nippondragon.com

Donald Brisebois, President & CEO
(450) 510-4442
dbrisebois@nippondragon.com



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. This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration and production activities and events or developments that the Corporation expects, are forward looking statements. Although the Corporation 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 or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.


Ressources Nippon Dragon Resources Inc.
7055 Taschereau Blvd.
suite 500, Brossard (Quebec) J4Z 1A7
Tel: (450) 510-4442
www.nippondragon.com