New Director, President and CEO Appointed

True Grit Resources Ltd.

Suite 615 – 800 West Pender Street Vancouver, British Columbia V6C 2V6 Telephone: (604) 684-5901 Fax: (604) 684-0279 NEX TRADING SYMBOL – TGI.H

NEW DIRECTOR, PRESIDENT AND CEO APPOINTED

VANCOUVER, BC (December 12, 2016) True Grit Resources Ltd. (“True Grit” or "the Company") (NEX: TGI.H) is pleased to announce the appointment of Mr. Byron Coulthard as a director, President and CEO of the Company. Mr. Doug Fulcher has stepped down as President and CEO but will remain a director of the Company.

Mr. Coulthard is a self-employed businessman and has over 25 years’ experience in the financial markets. He has held management and executive positions with numerous companies and has been a key figure in the completion of many financings. Mr. Coulthard will provide the Company with expertise in a variety of management oversight roles.

The Company also announces that Mr. Andrew Pooler has resigned as a Director of the Company. The Company would like to thank Mr. Pooler for his contributions to the Company during the time he has worked for the Company.

On behalf of the Board,

TRUE GRIT RESOURCES LTD.

Allan W. Williams Chairman

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forwardlooking 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 the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com.

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.