Para Resources Inc. Issues Bonus Shares in Connection with Loan Agreement

Suite 654, 999 Canada Place Vancouver, British Columbia V6C 3E1

PARA RESOURCES INC. ISSUES BONUS SHARES IN CONNECTION WITH LOAN AGREEMENT

Vancouver, British Columbia, February 3, 2015 – Para Resources Inc. (TSXV: PBR)(the “Company”) has issued 855,237 bonus shares (the “Bonus Shares”) to Conex Services Inc. (“Conex”) in consideration for a loan of $250,000 (the “Loan”) from Conex. The terms of the Loan were disclosed in a news release dated January 13, 2015. The Bonus Shares will be issued in accordance with the TSX Venture Exchange’s (the “Exchange”) policies and will be subject to a hold period of four months and a day from the date of issuance.

About Para Resources Inc.:

The Company is a publicly-listed company on the Exchange with a focus on Brazilian gold properties. It owns 100% of a gold and copper bearing property near the town of Tucumã in Para State in Brazil. Tucumã is located within a prospective area for gold and copper deposits, and the Company is looking to add additional prospective or advanced stage properties in the area to leverage the experienced and qualified geological team already on the ground.

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.

ON BEHALF OF THE BOARD OF DIRECTORS

“C. Geoffrey Hampson”

Chief Executive Officer

For further information, please contact Andrea Laird: Telephone: 604-648-3913, Fax: 604-683-9387.