Sunvest Minerals Corp. Announces Private Placement

VANCOUVER, BRITISH COLUMBIA - March 21, 2016 – Sunvest Minerals Corp. (TSX VENTURE:SSS) ("Sunvest Minerals" or the “Corporation”) announces that it intends to conduct a non-brokered private placement of up to 10,000,000 units at a price of $0.05 per unit (the “Units”) to raise gross proceeds of up to $500,000 (the “Private Placement”). Each Unit will consist of one common share and one transferrable share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at an exercise price of $0.10 per common share for a five year period following closing of the Private Placement.

Sunvest Minerals may pay finder's fees on certain subscriptions pursuant to the policies of the TSX Venture Exchange.

Proceeds of the Private Placement will be used for the search and investigation of new projects and for general work capital.

The Corporation also announces that Blair Way has resigned from the Board of Directors. The Board wishes to thank Mr. Way for his contributions to the Company’s development and wishes him every success in the future.

About Sunvest Minerals Corp.

Sunvest Minerals holds a 100% interest in a large-scale mineral tenure position in the Garland nickel-cobalt-PGM exploration camp located in Labrador. For more information about Sunvest Minerals Corp. visit www.sunvestminerals.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information:

Gordon Zelko Chief Executive Officer 604-602-0001 250-495-7123 direct [email protected]

Suite 1000 – 409 Granville Street, Vancouver, BC V6C 1T2 Phone: 604-602-0001 Fax: 888-393-6884 www.sunvestminerals.com