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CLV.V ·

Canoe Mining Ventures Corp. Completes Share Consolidation

Corporate Actions

CANOE MINING VENTURES CORP. COMPLETES SHARE CONSOLIDATION

OAKVILLE, ONTARIO (September 17, 2019) (Globe Newswire) – Canoe Mining Ventures

Corp. (TSXV: CLV) (“Canoe” or “Company”) announces that, further to its news release of May

16, 2019, effective at the opening of markets on September 18, 2019, the Company will consolidate

its common shares on the basis of four (4) pre-consolidation common shares for each one (1) post-

consolidation common share (the “Consolidation”). The Company’s new ISIN is CA13780T2048

and its new CUSIP is 13780T204. The Company’s name and symbol will remain unchanged

following the Consolidation.

The Consolidation was authorized by the shareholders of the Company at the Annual and Special

Meeting held on March 27, 2019 and has received the approval of the TSXV. The 69,541,236

common shares issued and outstanding prior to the consolidation will, immediately following the

Consolidation, become approximately 17,385,309 common shares. Each fractional share that is at

least ½ of one post-consolidation common share will be rounded up to one whole post-

consolidation common share.

Computershare Trust Company of Canada (the “Transfer Agent”) has mailed out letters of

transmittal to the shareholders providing instructions on exchanging pre-Consolidation share

certificates for post- Consolidation share certificates. Shareholders are encouraged to send their

share certificates, together with their letters of transmittal, to the Transfer Agent in accordance

with the instructions in the letter of transmittal.

For further information please contact Duane Parnham, President, Chief Executive Officer, and

Director at (416) 848-0106.

ON BEHALF OF THE BOARD OF DIRECTORS OF CANOE MINING VENTURES

CORP.

Duane Parnham

President, Chief Executive Officer & Director

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of

the TSXV) accepts responsibility for the adequacy or accuracy of this press release.