Archon Closes $8 Million Convertible Loans

Archon Minerals Limited #2801 – 323 Jervis Street Vancouver, BC, V6C 3P8 Tel: 604-682-3303

ARCHON CLOSES $8 MILLION CONVERTIBLE LOANS

January 16, 2015 – Vancouver, British Columbia TSX.V: ACS

Archon Minerals Limited (“Archon” or the “Company”) has closed its convertible debt financing of $8 million with two of its directors. The Company entered into a $7.5 million convertible loan with President and Director Stewart Blusson and a $500,000 convertible loan with Director Ross Blusson (the “Loans”).

Each of the Loans has a term of three years and bear interest at a rate of 5% per year, compounded annually. At any time before the Loans mature, each lender may convert the outstanding indebtedness of his Loan into the Company’s common shares at a rate of $1.35 per share during the first year, $1.45 per share during the second year and $1.55 per share during third year of the Loan. On the Loans’ maturity date, if the total indebtedness outstanding at that time has not been paid in full, the Company may in its discretion convert the outstanding amounts into common shares at the higher of $1.55 per share and the Discounted Market Price (as that term is defined under TSX Venture Exchange policies) at the time of conversion.

Any securities issued pursuant to the terms of the Loans will have a four-month hold period.

ARCHON MINERALS LIMITED “Stewart Blusson”

Stewart Blusson President and Director

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.

This news release may contain “forward-looking statements”, which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.