Olivut Announces Closing of Private Placement of Common Shares
www.olivut.com T 780 866 2226 F 780 866 3713
PO Box 6690, Hinton, Alberta Canada T7V 1X8
PRESS RELEASE
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
OLIVUT ANNOUNCES CLOSING OF PRIVATE PLACEMENT OF COMMON SHARES
Toronto, July 25, 2018 – Olivut Resources Ltd. (“Olivut” or the “Company”) (TSXV:OLV) is pleased to announce that,
in addition to the $1,600,000 financing previously announced on July 6, 2018, the Company has closed a non -
brokered private placement (the “Private Placement ”) comprised of 900,000 common shares (the “Common
Shares”) for proceeds of $108,000 at a price of $0.12 per Common Share. The Common Shares are subject to resale
restrictions pursuant to applicable securities laws requirements and will not be freely tradable until four months
after the date of issue.
Olivut will use the proceeds of the Placement for exploration and general corporate purposes.
The TSX Venture Exchange approved for listing the common shares issued under the Private Placement on July 25,
2018.
On July 6, 2018 Olivut also announced that the Company had signed an Option Agreement with Talmora Diamond
Inc. (“Talmora”) to earn 50% on Talmora’s Horton Project , located in Canada’s Northwest Territories (the “Horton
Project”). Olivut is the operator. A summer field season of helimag and follow-up drilling is planned to test multiple
targets over the next several months . Based on a combination of : favourable diamond stability indicator minerals
found regionally and locally, including macro diamonds found in regional samples to the west and northwest; specific
target geophysics; faulting on a regional and local scale; occurrence of diamondiferous kimberlites to the north and
south east, as well as other geological dat a affecting the area, the Company considers the Horton Project to have
the potential to host economic kimberlite bodies of significant size.
The Company believes the Horton Project could be the source of the numerous (18) macro diamonds found in
regional samples as well as the positive indicator mineral chemistry found regionally. The helimag survey will provide
additional detail for drilling. Although Talmora has been active in the area, it has not been able to conduct
meaningful exploration on the Horton Project due to a lack of fund ing during a prolonged negative market
environment. New research and geological information has added further support to a very compelling exploration
project.
Numerous targets are drill ready on the HOAM Project and a detailed helimag is proposed for the remaining regional
geophysical targets in order to finalize the drill priority list. Completion of these work programs is contingent on the
raising of additional funds in excess of those committed to the H orton Project.
Olivut is a diamond exploration company with a 100% mineral interest in the HOAM Project (the “HOAM Project”)
and an option to earn 50% interest in the Horton Project, both projects being located in Canada’s Northwest
Territories. Please visit www.olivut.com for detailed corporate and project information.
This news release is intended for distribution in Canada only and is not intended for distribution to United States
newswire services or d issemination in the United States. The securities being offered have not, nor will they be
registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be
offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration
or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for
sale of securities in the United States.
www.olivut.com T 780 866 2226 F 780 866 3713
PO Box 6690, Hinton, Alberta Canada T7V 1X8
PRESS RELEASE
This communication to shareholders and the public contains certain forward-looking statements. Actual results may
differ materially from those indicated by such statements. All statements, other than statements of historical fact,
included herein, including, without limitations state ments regarding future production, are forward -looking
statements that involve various risks and uncertainties. There can be no assurance that such statements will prove
to be accurate and actual results and future events could differ materially from those anticipate in such statements.
Martin St. Pierre, P.Geophys., a Qualified Person as defined by National Instrument 43-101, has
reviewed and approved the scientific and technical disclosure in this press release.
Leni Keough, P.Geo.
President and Chief Executive Officer
For further information, please contact:
Leni Keough
President and Chief Executive Officer
Olivut Resources Ltd.
(780) 866-2226
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defi ned in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.