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THE SECURITIES DESCRIBED IN THIS PRESS RELEASE HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS

TRANSATLANTIC MINING ANNOUNCES PRIVATE PLACEMENT CLOSING

June 17, 2016 TSX Venture Exchange

Trading Symbol: TCO

Vancouver, British Columbia

Transatlantic Mining Corp (TSX.V: TCO) (the “Company”) announces that it has now closed its previously announced private placement consisting of 20,000,000 units at $0.10 per unit. Each unit consists of one common share and one share purchase warrant, with each warrant entitling the holder to purchase one additional common share, exercisable at a price of $0.125 for a period of three years. The Company also issued 420,000 share purchase warrants, having the same terms and conditions as the warrants comprised in the units, as finders’ fees in connection with the placement. The shares and warrants issued in accordance with the foregoing are subject to a four-month hold period expiring October 16, 2016. Related parties of the Company under TSX Venture Exchange policy 5.9 purchased 12,183,420 units under the placement. Further particulars are contained in a material change report being filed concurrently with this news release.

For further information contact Rob Tindall, President & CEO, at (604) 424 8257.

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About Transatlantic Mining Corp.

Transatlantic Mining Corp. is a mineral exploration company focused on becoming the next diversified industrial metal producer. The Company’s holdings include an option to earn an 80% interest in AMCOR’s Monitor Copper, Gold and Silver project in the Coeur D’Alene Mining District in Idaho.

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.