Crystal Lake Mining Closes First Tranche of $1 Million Financing Symbol: TSX-V: CLM

Crystal Lake Mining Closes First Tranche of $1 Million Financing

Symbol: TSX-V: CLM

VANCOUVER, May 18, 2018 /CNW/ - Crystal Lake Mining Corporation (the "Company" or "Crystal

Lake") is pleased to announce that it has closed the first tranche of a $1 million non-brokered private

placement to strategic investors at 55 cents per unit for gross proceeds of $700,000. A total of 1,272,727

shares were issued to complete the first tranche. The second and final tranche of this "hard dollar"

financing is expected to close next week.

Each unit of the $1 million Crystal Lake private placement consists of one common share of the Company

and one full share purchase warrant. Each warrant entitles the subscriber to purchase an additional

common share at a price of 70 cents for 24 months. All securities will be subject to a statutory hold period

of four months from closing.

Proceeds of the financing, which remains subject to regulatory approval, will be used to further advance

the Company's Nicobat Project in northwest Ontario and for general working capital purposes. A finder's

fee is payable to qualified recipients as permitted by the TSX-V.

About Crystal Lake Mining

Crystal Lake Mining is a Canadian-based junior exploration company focused on building shareholder

value through the discovery of new magmatic nickel sulfide deposits using technical excellence in

exploration target development.

Forward-Looking Information

This news release may contain certain "forward looking statements". Forward-looking statements involve

known and unknown risks, uncertainties, assumptions and other factors that may cause the actual

results, performance or achievements of the Company to be materially different from any future results,

performance or achievements expressed or implied by the forward-looking statements. Any forward-

looking statement speaks only as of the date of this news release and, except as may be required by

applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking

statement, whether as a result of new information, future events or results or otherwise.

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

Alphonse Ruggiero, Director/CFO

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.

SOURCE Crystal Lake Mining Corporation

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CO: Crystal Lake Mining Corporation

CNW 08:00e 18-MAY-18