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Kesselrun Resources Ltd. 
Listed Company 

KESSELRUN RESOURCES LTD. ("KES")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 13, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing a mineral claim purchase agreement dated June 28, 2016 (the 'Agreement') between the Company and Coventry Resources Ontario Inc. ("Coventry"), a subsidiary of Chalice Gold Mines Ltd. and Pele Gold Corporation ("Pele"), a subsidiary of Pele Mountain Resources Inc. Pursuant to the terms of the Agreement, the Company may acquire a 100% interest in the Huronian Gold Project in Thunder Bay, Ontario (the 'Property'). By way of consideration, the Company will issue 4,000,000 shares at a deemed price of $0.275 per share, with 2,040,000 shares issuable to Coventry and 1,960,000 shares issuable to Pele. The Property is subject to a 2.5% NSR in favour of Coventry and Pele, and certain surrounding claims are subject to a 2% NSR, of which up to 50% may be repurchased.

Please refer to the Company's news release dated July 5, 2016 for further details.

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