Velocity Minerals Announces Board Change

Vancouver, BC – October 2, 2015 – Velocity Minerals Ltd. (the “Company”) (TSXV / NEX: VLC.H)

Further to its news release dated September 30, 2015, the Company announces that D. Barry Lee has resigned as a director of the Company and Jonathan L. Younie has been appointed as a director of the Company effective October 2, 2015.

Since 2006, Mr. Younie has been the Manager, Corporate Finance and Accounting, of the New Dawn Group, an investment and financial consulting firm located in Vancouver, British Columbia, and a Director and/or Officer of various TSX Venture Exchange listed companies. New Dawn is primarily involved in corporate finance, merchant banking and administrative management of public companies. Prior to joining New Dawn, Mr. Younie held accounting positions at private and public companies. He currently serves as the CFO of Tyner Resources Ltd., Condor Resources Inc. and Gstaad Capital Corp., all TSX Venture listed companies.

The Company’s Board is now comprised of: Paul Larkin (CEO, Director), Jonathan L. Younie and Joseph Martin. D. Barry Lee remains CFO and Secretary of the Company.

On behalf of the Board of Directors,

Paul A. Larkin CEO

Telephone: (604) 687-7767

Neither the 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.

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