Corporate Update

Suite 303, 595 Howe Street

Precision Enterprises Inc.

Vancouver, B.C. V6C 2T5

Phone : (604) 336-8616 Fax : (604) 718-2808

N E W S R E L E A S E

Corporate Update

Vancouver, B.C., December 17, 2013 – Precision Enterprises Inc. (TSXV: PSC.H) (the "Company") announces that the effective date for its name change to Allante Resources Ltd. and the consolidation of its issued share capital on a three (3) old shares for one (1) new share basis will be

December 18, 2013.

Accordingly, at market open on December 18, 2013, the Company’s common shares will commence trading as Allante Resources Ltd. under TSX-V trading symbol: ALL. However, trading in the common shares of the Company is halted at present. It is unlikely that the Company's common shares will resume trading until the Acquisition (see News Release November 19, 2013) is completed.

A Letter of Transmittal is being mailed to registered shareholders regarding the consolidation and name change, which describes the procedure that must be followed in order for registered shareholders to receive replacement share certificate(s).

ON BEHALF OF THE BOARD

SIGNED: “Joe DeVries”

Joe DeVries, President and CEO

NEITHER 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.