Stratton Resources Closes Previously Announced Private Placement

Stratton Resources

Closes Previously Announced Private Placement

Vancouver, British Columbia – February 27th, 2017 – Stratton Resources Inc. (TSX-V: SI) (“Stratton” or the

“Company”), is pleased to announce that it has closed its previously announced non-brokered private placement

of 20.3 million common shares at a price of CAD$0.65 per share (the “O ffering”). G ross proceeds under the

Offering were CAD$13,195,000.

The Company intends to use the net proceeds for precious metal exploration on its projects in Newfoundland,

further mineral property acquisitions and general corporate purposes.

The shares under the Offering will be subject to a four -month hold period and will not be registered in the United

States. A 5% commission was paid on certain amounts placed by brokers totalling $377,042.

About Stratton Resources: Stratton Resources is a junior mining exploration company focused on delivering

shareholder value through project acquisition and development. The Company ’s principle asset is a large

exploration portfolio located in Newfoundland, Canada. The Company’s management team is highly experienced

with an impressive track record of success in the discovery, development, financing and monetizing of mining

assets for shareholders.

On Behalf of the Board,

Shawn Wallace

Chairman and Director

For further information on Stratton Resources Inc., please contact Jay Adelaar, Manager of Investor Relations at

(778) 729-0500 or [email protected]

Disclaimer

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the

Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Common Shares have not

been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any

state securities laws and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as

defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. S ecurities Act and applicable state

securities laws or pursuant to an exemption from such registration requirements.

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.