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ENDR.V ·

Crystal Lake Announces Debt Settlement

Share Capital & Compensation

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

[email protected]

NEWS RELEASE

January 23, 2017 Symbol:-TSX-V: CLM

CRYSTAL LAKE ANNOUNCES DEBT SETTLEMENT

Crystal Lake Mining Corporation (the “Company”) is pleased to announce that is has agreed to

debt settlements (the “Debt Settlements”) whereby it will issue 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

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.