Crystal Lake Announces Update to Debt Settlement
Canada:
13236 Cliffstone Crt.
Lake Country, BC V4V 2R1
Tel: (250) 766-1517
Fax: (250) 766-1836
www.crystallakeminingcorp.com
USA:
1021-100 Easy St.
Carefree, AZ 85377
Tel: (480) 575-1220
Fax: (480) 488-3492
NEWS RELEASE
March 10, 2017 Symbol:-TSX-V: CLM
CRYSTAL LAKE ANNOUNCES UPDATE TO DEBT SETTLEMENT
Crystal Lake Mining Corporation (the “Company”) announces that further to the news release
issued on January 23, 2017, the following Insiders will be participating in the debt settlement as
creditors:
Insiders Name Amount of Debt
to be Settled
Number of
Shares to be
Issued
Nature of Debt
Wally Boguski,
CEO
Total
$10,000
$80,000
$15,000
$30,000
$135,000
33,333
266,667
50,000
100,000
450,000
Directors fees
Loan to the Company
Sale of equipment to the Company
Professionals fees
Alphonse Ruggiero
CFO
Total
$8,500
$77,923
$86,423
28,333
259,743
288,076
Directors fees
Professional accounting fees
The Company has applied to the TSX-V to issue up to up to 1,325,577 common shares (“Shares”) to
creditors, at a deemed value of $0.30 per Share, to settle debts aggregating CDN$397,673.
The debt settlement remain subject to TSX-V approval.
About the Company
Crystal Lake Mining Corporation is a mineral exploration company focused on creating value
through the exploration and development of its British Columbia and it growing portfolio of Ontario
mineral properties.
On behalf of The Board of Directors
Wally Boguski
President & CEO, Crystal Lake Mining Corporation
Canada:
13236 Cliffstone Crt.
Lake Country, BC V4V 2R1
Tel: (250) 766-1517
Fax: (250) 766-1836
www.crystallakeminingcorp.com
USA:
1021-100 Easy St.
Carefree, AZ 85377
Tel: (480) 575-1220
Fax: (480) 488-3492
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.