Crystal Lake Announces Close of Debt Settlement

CANADA USA

13236 Cliffstone Court #1021 – 100 Easy Street

Lake Country BC V4V 2R1 Carefree, AZ 85377

Tel: 250-766-1517 Tel: 480-575-1220

Fax: 250-766-1839 Fax: 480-488-3492

www.sierrairon.com [email protected]

NEWS RELEASE

March 16, 2017 Symbol:-TSX-V: CLM

CRYSTAL LAKE ANNOUNCES CLOSE OF DEBT SETTLEMENT

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

is has closed the previously announced debt settlement and has issued 1,325,577 common shares

(“Shares”) to creditors, at a deemed value of $0.30 per Share, to settle debts aggregating

CDN$397,673.

All securities issued have a hold period expiring July 14, 2017.

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 Ontario mineral properties.

Crystal Lake is presently completing the analysis of a Stage 1 drilling program in and around Emo,

Ontario.

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

Wally Boguski, President & CEO

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.