Evrim Closes Non-brokered Private Placement

December 17, 2015


Vancouver, BC – December 17, 2015: Evrim Resources Corp. (TSX.V: EVM) (“Evrim” or the “Company”) announces that it has closed the non-brokered private placement announced on November 18, 2015 (the “Private Placement”). The Company has issued 12,568,800 units for gross proceeds of $1,508,256. Each Unit consisted of one common share and one non-transferable share purchase warrant (a “Warrant”). Each Warrant is exercisable into one common share at a price $0.25 until December 16, 2020. 

If, commencing on April 17, 2016, the closing price of the Company’s shares on the TSX Venture Exchange (the “Exchange”) is higher than $0.35 for 20 consecutive trading days, then on the 20th consecutive trading day (the “Acceleration Trigger Date”) the Company may accelerate the expiry date of the Warrants to the date that is 20 trading days after the Acceleration Trigger Date by the issuance of a news release announcing such acceleration within two trading days of the Acceleration Trigger Date.

Finder’s fees of $82,642 were paid and 688,680 Finder’s warrants were issued in conjunction with the Private Placement. Each Finder Warrant is exercisable into one common share at a price of $0.12 until December 16, 2017. 

Proceeds from the private placement will be used for exploration and working capital purposes. All securities issued in connection with the Private Placement are subject to a four month restricted resale period that expires, with respect to resales in Canada, on April 17, 2016, and applicable securities legislation hold periods outside of Canada. 

About Evrim Resources

Evrim Resources is a mineral exploration company whose goal is to participate in significant exploration discoveries supported by a sustainable business model. The Company has a diverse range of quality projects and a database in Mexico and portions of southwestern United States. The existing projects, generation of quality exploration targets, and ideas are advanced through option and joint venture agreements with industry partners to create shareholder value. Evrim’s business plan also includes royalty creation utilizing the Company’s exploration expertise and existing projects.

On Behalf of the Board

Paddy Nicol
President & CEO

To find out more about Evrim Resources Corp., please contact Paddy Nicol, President or Mahesh Liyanage, CFO at 604-248-8648, or visit

Forward Looking Information

This news release includes certain statements that may be deemed “forward looking statements”. All statements in this news release, other than statements of historical facts, that address events or developments that Evrim Resources Corp. (the “Company”) expects to occur, are forward looking statements.

Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. 

Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, or applicable state securities laws, and may not be offered or sold in the United States without registration, or exemption from registration, under such laws.

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