ExGen to Issue 16,600,000 Bonus Shares

ExGen to Issue 16,600,000 Bonus Shares

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE

UNITED STATES

VANCOUVER, British Columbia, Sept. 14, 2017 (GLOBE NEWSWIRE) -- ExGen Resources Inc.

(TSX.V:EXG) (OTC:BXXRF) (“ExGen”) announces that the Board of Directors of ExGen, upon the

recommendation of the Corporate Governance and Compensation Committee of ExGen, have approved

the issuance of 16,600,000 common shares of ExGen (the “Bonus Shares ”) to directors, officers, a former

director and a consultant of ExGen (the “Recipients ”) for past services provided by the Recipients to

ExGen.

The issuance of the Bonus Shares is subject to TSX Venture Exchange ( “TSXV”) acceptance and the

Bonus Shares are expected to be issued on or around September 15, 2017. The Bonus Shares will be

issued at a deemed price of $0.05 pursuant to TSXV policies. No new insiders will be created, nor will any

change of control occur, as a result of the issuance of the Bonus Shares. The Bonus Shares are subject to

securities laws resale restrictions until on or around January 16, 2018. In addition, the Recipients of the

Bonus Shares have agreed to enter into voluntary escrow agreements which will restrict the trading of the

Bonus Shares for one year from the date of issuance (which restrictions will expire on or around September

15, 2018). ExGen has determined that there are exemptions available from the various requirements of

TSX Venture Policy 5.9 and Multilateral Instrument 61 -101 for the issuance of the Bonus Shares (Formal

Valuation - Issuer Not Listed on Specified Markets; Minority Approval - Fair Market Value Not More Than

25% of Market Capitalization). 

About ExGen Resources Inc.

ExGen, formerly Boxxer Gold Corp, is a project accelerator that seeks to fund exploration and development

of our projects through joint ventures and partnership agreements. This approach significantly reduces the

technical and financial risks for ExGen, while maintaining the upside exposure to new discoveries and

potential cash flow. ExGen intends to build a diverse portfolio of projects across exploration stages and

various commodity groups. ExGen currently has 6 projects in Canada and the US.

For more information on ExGen please contact ExGen Resources Inc.

Jason Tong

Chief Financial Officer

Email: [email protected]

Neither the 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.