Claim Post Announces Successful Consolidation of Leases at Seymourville Tier 1 Frac SAND Deposit
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FOR IMMEDIATE RELEASE
"CPS"-TSX-V
CLAIM POST ANNOUNCES SUCCESSFUL CONSOLIDATION OF LEASES AT
SEYMOURVILLE TIER 1 FRAC SAND DEPOSIT
Calgary, Alberta – May 28, 2018. Claim Post Resources Inc. ("CPS -V") ("Claim Post" or the " Company") is
pleased to anno unce that it has acquired title to and control over nine quarry leases from a number of third
parties, including Char Crete Ltd., Simmons Construction Ltd. and O/S Investment Corp. for a total investment
of $1.3 million. These leases are directly adjacent to Claim Post’s existing quarry leases, consolidating Claim
Post’s strategic control over the Tier 1 Frac Sand deposit at Seymourville, Manitoba.
Upon Claim Post attaining commercial production of frac sand, Claim Post is entitled to recover its total
investment plus interest at 9%, compounded annually before the production royalty commences. The terms of
the production royalty remain unchanged from those contained in the previously disclosed arrangement with
respect to these leases.
Claim Post has also provided notice to the holders of its outstanding convertible debentures that it has elected to
repay the remaining approximately $2.7 million principal amount plus interest owing at maturity on June 21,
2018 by issuing to such holders an aggregate of approximately 55.4 million common shares of the Company in
accordance with the terms of the debentures. After giving effect to this debenture repayment in common shares,
the Company will have a simplified capital structure, with approximately 187.6 million co mmon shares and no
debt outstanding. Over the past year, the funds raised from the issuance of these debentures have allowed Claim
Post to better position itself for future growth by consolidating the sand leases at Seymourville, re -focusing
Claim Post’s asset base by selling the Timmins mineral leases, stabilizing the balance sheet, and strengthening
the leadership of the Board of Directors and management of Claim Post.
Lowell Jackson, Claim Post’s Executive Chairman, stated: “Claim Post is pleased to now hold complete and
consolidated title to both the Seymourville and the adjoining Manigotagan properties, which provides us control
over approximately two thirds of the Seymourville Tier 1 sand resource of 600 million tonnes as determined by
the Manitoba Gov ernment. Claim Post’s significant surface silica sand deposit remains in high demand for
fracking in the energy industry and we can now move forward to pursuing an active development stage. Claim
Post leadership will now turn its attention to financing the next stage of growth of this exciting project.”
Claim Post Resources Inc. is a Canadian mineral exploration company and a reporting issuer in Ontario,
Alberta, and British Columbia, and its shares trade on the TSX Venture Exchange under the ticker "CPS" . It is
currently developing a Tier 1 frac sand deposit located 200 km northeast of Winnipeg, Manitoba. The Company
currently has 132,200,403 shares issued and outstanding. For further information, please contact:
CONTACT INFORMATION:
Claim Post Resources Inc.
Lowell Jackson, P. Eng.
Executive Chairman
(403) 364-3123
Richard Williams, LLB
Corporate Secretary & Director
(416) 364-3123
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Neither 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.
Disclaimer for Forward-Looking Information
Certain statements in this press release related to the business prospects of the Company and the benefits to be
derived from the acquisition of nine quarry leases and the repayment of the convertible debentures through the
issuance of common shares are forward-looking statements and are prospective in nature. Forward-looking
statements are not based on historical facts, but rather on current expectations and projections about future
events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially
from the future results expressed or implied by the forward -looking statements. These statements generally can
be identified by the use of forward-looking words such as "may", "should", "will", "could", "intend", "estimate",
"plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-
looking statements in this news release include statements involving the anticipated benefits to be derived from
the acquisition of nine quarry leases and the repayment of the convertible debentures through the issuance of
common shares and statements regarding advancing the Company's frac sand development and potential
associated financings in connection therewith. Such statements are qualified in their entirety by the inherent
risks and uncertainties in mining and frac sand development industry in general and such other factors outlined
in the Company's continuous disclosure documents available on SEDAR at www.sedar.com, which ar e beyond
the control of the Company. Such forward-looking statements should therefore be construed in light of such
factors, and the Company is not under any obligation, and expressly disclaims any intention or obligation, to
update or revise any forward-l ooking statements, whether as a result of new information, future events or
otherwise.