Revolver Resources Inc. Announces Private Placement

Revolver Resources Inc. Announces Private Placement

Vancouver, British Columbia – August 5, 2016 – Revolver Resources Inc. (TSXV: RZ) (the “Company” or “Revolver”) announces a non-brokered private placement financing of up to $675,000 (the “Private Placement”) through the issuance of up to 4,500,000 units of the Company (the “Units”) at a price of $0.15 per Unit. Each Unit will consist of one common share and one transferable common share purchase warrant (a “Warrant”) with each Warrant exercisable by the holder into one common share of the Company at a price of $0.20 per share for a period of five years from the closing date. In the event that the Company’s shares trade at a closing price at or above $0.25 per common share for a period of 10 consecutive trading days at any time after the closing date of the Private Placement, the Company may accelerate the expiry date of the Warrants by giving notice to each holders thereof and in such case the Warrants will expire 30 days from the date of providing such notice.

Finders’ fees may be paid to eligible finders in accordance with the TSX Venture Exchange policies. All securities issued pursuant to the Private Placement will be subject to a four month hold period under applicable securities laws in Canada. The Private Placement and payment of finders’ fees are both subject to approval by the TSX Venture Exchange.

The net proceeds of the Private Placement will be used to fund work on the Gold Drop property in connection with the option agreement with Ximen Mining Corp., working capital, and general corporate purposes.

On Behalf of the Board of Directors
Barry Brown, Director

About Revolver Resources Inc.
Revolver is an exploration company actively engaged in the discovery and development of mineral projects located in British Columbia, Canada.

Forward Looking Information
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities law and may not be offered or sold in the “United States”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.

This news release may contain forward-looking statements including but not limited to the Private Placement and the use of proceeds from the Private Placement, and comments regarding the timing and content of upcoming work programs. Forward-looking­­ statements address future events and conditions and therefore involve inherent risks and uncertainties. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Actual results may differ materially from those currently anticipated in such statements and the Company undertakes no obligation to update such statements, except as required by law. The reader is cautioned not to place undue reliance on any forward-looking information. There can be no assurance that the Private Placement will be completed.

Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates, including that: the current price of and demand for minerals and metals being targeted by the Company will be sustained or will improve; the Company’s current exploration programs and objectives can be achieved; the Company will be able to obtain required exploration licences and other  permits; general business and economic conditions will not change in a material adverse manner; financing will be available if and when needed on reasonable terms; the Company will not experience any material accident; and the Company will be able to identify and acquire additional mineral interests on reasonable terms or at all. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including but not limited to: that resource exploration and development is a speculative business; that the Company may lose or abandon its property interests or may fail to receive necessary licences and permits; that environmental laws and regulations may become more onerous; that the Company may not be able to raise additional funds when necessary; potential defects in title to the Company’s properties; changes in legislation and regulations; fluctuating prices of commodities and metals; operating hazards and risks; competition; potential inability to find suitable acquisition opportunities and/or complete the same; and other risks. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information, which are qualified in their entirety by this cautionary statement. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

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.