Unit Price 15 Cents

VANCOUVER, British Columbia – July 4, 2016 – REVOLVER RESOURCES INC. (TSXV.RZ) (the “Company” or “Revolver”) is pleased to announce that it has closed the first and second tranche of the private placement announced on May 24, 2016 and June 17, 2016 for aggregate proceeds of $783,927.75. The second tranche is for gross proceeds of $442,425. totaling of 2,949,501 units. Each unit of the financing comprise of one common share at a price of $0.15 and one full share purchase warrant at a price of $0.20 per share, which may be exercised for a period of five years. The term of the warrants may be accelerated in the event that the issuer’s shares trade at or above a price of $0.25 cents per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 30 days from the date of providing such notice. The Company announces November 5, 2016 as the hold period expiry date for this second tranche of the private placement.

The Company paid a cash commission of $36,000. and issued 240,000 broker warrants for this second tranche. The broker warrants have the same terms as the private placement warrants.

The Company previously announced on June 17, 2016 the closing of the first tranche of the private placement for gross proceeds of $341,502.50. The first tranche was for a total of 2,276,684 shares, the units of the financing comprise of one common share at a price of $0.15 and one full share purchase warrant at a price of $0.20 per share, which may be exercised for a period of five years. The term of the warrants may be accelerated in the event that the issuer’s shares trade at or above a price of $0.25 cents per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 30 days from the date of providing such notice. The Company announces October 22, 2016 as the hold period expiry date for this first tranche of the private placement.

The Company paid a cash commission of $20,975.25 and issued 139,835 broker warrants. The broker warrants have the same terms as the private placement warrants.

On Behalf of the board of directors,

Barry Brown”

Barry Brown, Director

604-488-3900

This press release includes certain statements that may be deemed forward-looking statements. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. 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 or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

 

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.

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