Sunvest Minerals Corp. Announces Private Placement

Vancouver, British Columbia – July 8, 2016 – Sunvest Minerals Corp. (TSX Venture:SSS) ("Sunvest Minerals" or the “Corporation”) announces that it has arranged, subject to TSX Venture Exchange acceptance, a private placement of up to 5,000,000 units at $0.07 per unit for total gross proceeds of up to $350,000. Each unit will consist of one common share and one transferable share purchase warrant, with each warrant exercisable into one additional common share for a period of two years from the date of issue at a price of $0.12 per share. The warrants will be subject to an acceleration provision whereby if at any time after four months and one day following closing of placement, the closing price of the Company’s common shares is $0.50 or more for a period of 10 consecutive trading days, the Company will have the option to require the earlier exercise of the warrants within 30 days after the tenth trading day.

Finders’ fees may be payable in whole or in part on the placement pursuant to the policies of the TSX Venture Exchange.

All securities issued under the placement will be subject to statutory hold periods expiring four months and one day from the date of issue.

Proceeds of the placement will be used for general working capital.

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