CPS Canadian Premium Sands Inc

Claim Post Resources Inc. (TSX VENTURE:CPS) (the "Company" or "Claim Post")
announces that it has filed an Application in Manitoba to enforce the terms of a
purchase agreement with Char Crete Ltd. ("Char Crete") (see press release dated
July 19, 2013). Under the Char Crete agreement Claim Post purchased nine sand
quarry leases from Char Crete for $1.5 million subject to a residual royalty.


The Char Crete leases are part of the Seymourville Frac Sand Project that Claim
Post has assembled. In addition to the Char Crete leases, an additional nine
quarry leases have been optioned to purchase a 100% interest from Gossan
Resources Ltd. subject to a residual royalty. The Seymourville Frac Sand Project
is a high grade silica sand project located 200 km north-east of Winnipeg,
Manitoba just off of paved Highway 304 on the east shore of Lake Winnipeg. The
Seymourville silica sand deposit is being evaluated to be used as a natural sand
proppant (frac sand) for the oil and gas industry.


As previously reported, a third party, purporting to be a creditor of Char
Crete, has registered an instrument against title to the Char Crete leases. The
Company's position is that Char Crete had already sold its interest in the
leases to Claim Post, so that no security interest should attach to the leases.
An Application has been filed in Manitoba for a determination and a declaration
of title and other related relief, including the renewal and transfer of the
leases to the Company.


The President of Claim Post Resources, Charles Gryba, stated: "We are
concentrating on de-risking all aspects of the Seymourville Frac Sand Project
which includes the property position. We had given Char Crete an additional 6
months to remove the third party creditor from title but Char Crete appears to
have made no progress. To protect Claim Post shareholders we are now going to
take the legal route to ensure the creditor's instrument is removed and the
leases are transferred." 


The market for frac sand continues to grow; production in the US has grown
steadily, from 22 million tons 2011, to 31 million tons in 2012, to 38 million
tons in 2013. The market could reach 80 million tons by 2020. Claim Post's
Seymourville Frac Sand Project is about 1,000 km closer to the Canadian market
than Wisconsin deposits giving it a major transportation advantage.


Charles Gryba P.Eng is the Company Qualified Person for this press release. 

Claim Post Resources Inc. is a Canadian based mineral exploration company and a
reporting issuer in Ontario, Alberta and British Columbia. The Company is
focused on becoming a leading provider of premium white silica sand proppant to
oil operations in the Williston Basin (both the Canadian and U.S. sides of the
border), and to the natural gas plays in the Montney and Horn River basins along
the Alberta - British Columbia border from its Seymourville Frac Sand Project,
located 200 km northeast of Winnipeg, Manitoba. Claim Post also has mineral
claims in the Timmins area for gold and base metal exploration. There are
96,452,164 common shares of the Company currently 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
416-801-6366


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