Astorius Closes $60,000 Private Placement Financing

ASTORIUS RESOURCES LTD.

1710 – 1177 West Hastings Street Vancouver, BC V6E 2L3 Tel: (604) 618-1758

May 17, 2016 Symbol “ASQ”: TSX Venture Exchange

NEWS RELEASE

ASTORIUS CLOSES $60,000 PRIVATE PLACEMENT FINANCING

Astorius Resources Ltd. ("Astorius") is pleased to announce that it has closed the private placement sales announced in its Release dated April 18, 2016. The sales are of 6,000,000 Units at a price of $0.01 per Unit – from which Astorius is receiving proceeds of $60,000.

Each Unit will consist of one share of the Company and one share purchase warrant. A warrant will be exercisable for a 5 year term to purchase one additional share of the Company for $0.05.

The proposed use of the proceeds being raised are:

• Pay outstanding accounts payable – est. $ 30,000
• Reserve for operating capital and to fund review of possible New asset acquisitions 30,000 $ 60,000

The shares issued as part of the Units – and any shares issued pursuant to the exercise of Warrants – will be subject to a non-trading hold period which will expire September 13, 2016.

FOR FURTHER INFORMATION PLEASE CONTACT:

Investor Relations – Tel: 604.618.1758 e-mail: [email protected] website: www.astoriusresources.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 News Release.

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