Jourdan Announces Revocation of CTO, Reinstatement of Trading, Date of Annual Meeting and Shares FOR Debt Transactions

NEWS RELEASE

JOURDAN ANNOUNCES REVOCATION OF CTO, REINSTATEMENT OF TRADING,

DATE OF ANNUAL MEETING AND SHARES FOR DEBT TRANSACTIONS

Toronto (Canada), February 27, 2017: JOURDAN RESOURCES INC. (TSX‐V: JOR) (“JOURDAN” or the

“Company”) (www.jourdan.ca) is pleased to report that the Ontario Securities Commission, as principal

regulator, the British Columbia Securities Commission, the Albe rta Securities Commission and the

Autorité des Marchés Financiers (collectively, the “ Commissions”), have revoked the cease trade orders

issued on July 15, 3, and 21, 2015, respectively (the " Cease Trade Orders"), directing that all trading in

securities of the Company cease, that were issued on the basis that the Company was in default of certain

filing requirements under applicable securities laws (the "Required Filings"). The Company was also

cease traded in the province of Alberta pursuant to a statutory reciprocal order (the “Reciprocal Order”).

The Required Filings have all be en filed and are available for review online at SEDAR at www.sedar.com,

under the Company's profile.

The Commissions revoked the Cease Trade Orders relating to Jour dan’s securities effective February 21,

2017. Concurrently, the Alberta Securities Commission revoked the Reciprocal Order.

O n F e b r u a r y 2 4 , 2 0 1 7 , f o l l o w i n g a r e i n s t a t e m e n t r e v i e w c o n d u c t ed b y t h e T S X V e n t u r e E x c h a n g e ( t h e

“Exchange”), at the request of the Company, the Exchange granted approva l for reinstatement of trading

of the Company’s shares on the TSX Venture Exchange NEX Board ( the “NEX”). Trading will be reinstated

at the open of the NEX on February 28, 2017.

Jourdan would also like to announce that it will hold its annual and special meeting of shareholders

("ASM") on May 19, 2017 and that April 13, 2017 has been set as the record date of the ASM.

In addition, Jourdan announces that it proposes to complete seven shares for debt transactions, which

remain conditional upon approval by the director of the Company, pursuant to which Jourdan will issue an

a g g r e g a t e o f 5 , 8 6 0 , 8 6 3 c o m m o n s h a r e s a t a d e e m e d p r i c e o f $ 0 . 0 75 per share in satisfaction of CAD

$439,564.94 of indebtedness currently owed to seven parties.

The following three debt conversion transactions are “related p arty transactions” as defined under

Multilateral Instrument 61‐101 (“MI 61‐101” ) : C A D $ 1 , 6 4 2 . 2 8 o f i n d e b t e d n e s s o w e d t o G l e n W y l i e , a

former CFO of Jourdan; CAD$20,956.76 owed to Michael Dehn, the CEO and a director of Jourdan; and

CAD$185,636.00 of indebtedness ow ed to Avanti Management, an en tity that provides management

services to Jourdan and is controlled by Michael Dehn (the CEO and a director of Jourdan) and Glen Wylie

(a former CFO of Jourdan). Each of the proposed shares for debt transactions are exempt from the formal

valuation approval requirements of MI 61‐101 as none of the sec u r i t i e s o f J o u r d a n a r e l i s t e d o n a

prescribed stock exchange. The proposed shares for debt transactions are exempt from the minority

shareholder approval requirements of MI 61‐101 as at the time t he transactions were agreed to, neither

t h e f a i r m a r k e t v a l u e o f t h e t r ansactions, nor the fair market value of the consideration for, the

transactions, insofar as it involves interested parties, exceeded 25% of Jourdan’s market capitalization.

About Jourdan Resources Inc.

Jourdan Resources Inc. is a Cana dian junior mining exploration company focuses on phosphate. We

continually strive to maximize sh areholder value by targeting t he highest quality phosphate projects with

a professional and highly experi enced management team. Our appr oach combines creativity, experience,

and technical expertise with tenacity and determination to adva nce existing projects while always being

prepared to take advantage of new opportunities that can add va lue for our shareholders. We are

committed to conducting ourselv es in an open, professional, and responsible manner, while always

remaining available to all shareholders. Our goal is to become the dominant phosphate miner in North

America.

Please visit the Company’s website at www.jourdan.ca

For further information please contact:

Michael Dehn

President and CEO

Tel: (647) 477‐2382

Fax: (647) 477‐2389

The information in this news release includes certain information and statements about management's view of 

future events, expectations, plans and prospects that constitute forward looking statements. These statements 

are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and 

uncertainties  and  as  a  result  of  a  variety  of  factors,  the  actual  results,  expectations,  achievements  or 

performance may differ materially from those anticipated and indicated by these forward looking statements. 

Forward‐looking statements in this news release, include, but are not limited to, the approval of the foregoing 

debt  conversion  transactions  by  the  TSX  Venture  Exchange,  comments  regarding  the  timing  and  content  of 

upcoming work programs, geological interpretations, receipt of property titles and potential mineral recovery 

processes. Any number of important factors could cause actual results to differ materially from these forward‐

looking  statements  as  well  as  future  results.  Although  Jourdan  believes  that  the  expectations  reflected  in 

forward looking statements are reasonable, they can give no assurances that the expectations of any forward 

looking  statements  will  prove  to  be  correct.  Except  as  required  by  law,  Jourdan  disclaims  any  intention  and 

assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a 

result  of  new  information,  future  events,  changes  in  assumptions,  changes  in  factors  affecting  such  forward 

looking statements or otherwise. 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX 

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.