Shoshoni Gold Ltd. Announces Closing of Second Tranche of Private Placement

488 - 625 Howe Street Vancouver, BC V6C 2T6

Vancouver, BC, June 28, 2016 – Shoshoni Gold Inc. (SHJ:TSXV) (the “Company”) reports that it has closed the second tranche of a non-brokered a private placement (the “Private Placement”).

The Company issued 15,800,000, units at a price of $0.005 per unit for total gross proceeds of C$79,000. Each unit consists of one common share and one transferable share purchase warrant, each warrant is exercisable into one additional common share at a price of $0.005 for a period of 36 months from the date of issue. The Company paid a finder’s fee equal to 10% of the gross proceeds in respect of the subscriptions placed by a finder in cash in the amount of $4,700 and the issuance 940,000 share purchase warrants (“Finder’s Warrants”). Each Finder’s Warrant entitling the holder to purchase one common share of the Company at a price of $0.005 each until June 28, 2019.

Completion of the Private Placement is subject to the final approval of the TSX Venture Exchange (the “TSXV”). The common shares issued to subscribers resident in Canada in the offering will be subject to a statutory four-month hold period. The offering is subject to certain closing conditions, including, but not limited to, the receipt of applicable regulatory approvals including approval of the TSXV and the completion of required regulatory filings with the TSXV.

About the Company

Shoshoni Gold Ltd. is focused on acquiring, exploring and developing gold resources to meet the world’s growing demand. The Company maintains its Kirkland’s Creek, Yukon project in good standing.

Shoshoni has 90,061,504 shares issued and outstanding and trades on the TSX Venture Exchange under symbol: SHJ.

ON BEHALF OF THE BOARD

(signed) “Glen Macdonald”

Glen Macdonald Chief Financial Officer and Director

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.

This news release may contain forward-looking statements that are based on Shoshoni Gold Ltd.'s expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and Shoshoni Gold Ltd. undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

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 and has in no way passed upon the merits of the qualifying transaction and has neither approved nor disapproved of the contents of this press release.

FOR ADDITIONAL INFORMATION CONTACT:

Glen Macdonald, P.Geo

Chief Financial Officer and Director Shoshoni Gold Ltd.

Office: 604-719-8129 [email protected]