CPS Canadian Premium Sands Inc

Claim Post Resources Inc. (TSX VENTURE:CPS) (the "Company") announces that it
has completed the private placement financing as described in its news releases
dated July 3, 2013, July 29, 2013, August 27, 2013 and October 8, 2013 in four
tranches. The Company issued a total of 31,720,000 Units and 9,083,333
Flow-Through Units for total gross proceeds of $2,131,000.


In connection with the closing of the financing, the Company paid total cash
finder fees of $134,690 and issued a total of 1,990,900 finder warrants, with
each finder warrant which are exercisable at the price of $0.10 per share and
expiring 36 months from the date of closing of the Offering.


The proceeds received from the Offering will be used (1) to carry out a minimum
1,000 meter drilling program towards completing a resource estimation of the
"Seymourville Frac Sand Project" in accordance with NI 43-101 rules; (2) to
complete a scoping study on the project (Preliminary Economic Assessment); which
will give Claim Post the ability to test market forward selling frac sand and
(3) for general working capital purposes.


All securities issued in connection with the financing will be subject to a
statutory four month hold period.


Claim Post Resources intends to maintain its exploration properties in Timmins,
Ontario which are highly prospective for both gold and base metals. The Company
continues to seek joint venture partners and strategic arrangements with other
companies in the industry to advance the exploration of the large Timmins land
holdings.


Claim Post Resources Inc. is a Canadian based mineral exploration company and a
reporting issuer in Ontario, Alberta and British Columbia, focused on becoming a
leading provider of premium white silica sand proppant to oil operations on the
Canadian side of the Williston Basin (southwestern Manitoba and across southern
Saskatchewan), and natural gas operations in the Montney and Horn River basins
along the Alberta - British Columbia border from its Seymourville Frac Sand
Project, located northeast of Winnipeg, Manitoba. The Company also holds
interest in minerals claims that are prospective for base and precious metals,
wholly within the city limits of Timmins, Ontario. There are 90,092,164 common
shares of the Company issued and outstanding.


Statements in this release that are forward-looking reflect the Company's
current views and expectations with respect to its performance, business, and
future events. Such statements are subject to various risks and assumptions,
some, but not necessarily all, are disclosed elsewhere in the Company's periodic
filings with Canadian securities regulators. Such statements and information
contained herein represent management's best judgment as of the date hereof
based on the information currently available; however actual results and events
may vary significantly. The Company does not assume the obligation to update any
forward-looking statement.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Claim Post Resources Inc.
Charles Gryba
President and Director
416-203-1681


Claim Post Resources Inc.
Peter Gryba
Corporate Affairs
416-203-3776
www.claimpostresources.com

Canadian Premium Sands (TSXV:CPS)
Historical Stock Chart
From Jan 2025 to Feb 2025

Canadian Premium Sands (TSXV:CPS)
Historical Stock Chart
From Feb 2024 to Feb 2025