Crystal Lake Closes Private Placement

CANADA

13236 Cliffstone Court

Lake Country BC V4V 2R1

Tel: 250-766-1517

Fax: 250-766-1839

www.sierrairon.com

NEWS RELEASE

November 9, 2017 Symbol:‐TSX‐V: CLM

Crystal Lake Closes Private Placement

Vancouver, BC – Crystal Lake Mining Corporation (the “Company”) is pleased to announce that it

has closed the private placement previously announcing on Octob er 4, 2017 and October 25, 2017,

and has issued a total of 2,100,000 units (“Units”) for gross p roceeds of $420,000. Each Unit

consists of one common share issued at $0.20 per share and one common share purchase warrant

(a “Warrant”). Each Warrant may be e x e r c i s e d b y t h e h o l d e r t o purchase an additional common

share at a price of $0.25 for a period of 18‐months from closing.

The proceeds of this private placement will be used to advance exploration activities at the

Company’s Emo, Ontario properties and for general working capital.

No finder’s fee were payable on this transaction.

All securities issued are subject to a four‐month hold period that expires on March 8, 2018.

About the Company

Crystal Lake Mining Corporation is a mineral exploration/Develo pment company focused on

creating value through the exploration and development of its B ritish Columbia and Ontario

mineral properties.

On behalf of The Board of Directors of Crystal Lake Mining Corporation.

Alphonse Ruggiero, Director/CFO

This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under

the control of Crystal Lake Mining Corporation which may cause actual results, performance or achievements of Crystal Lake Mining

Corporation on to be materially different from the results, performance or expectation implied by these forward looking statements.

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 press release, which has been prepared by management..