Navy Resources Corp. Closes Private Placement

NAVY RESOURCES CORP. NEWS RELEASE 1328-885 West Georgia Street TSX Venture Exchange Vancouver, BC V6C 3E8 Trading Symbol: NVY

NAVY RESOURCES CORP. CLOSES PRIVATE PLACEMENT

NAVY RESOURCES CORP. (the “Company”) October 15, 2015, Vancouver, BC, has closed its non-brokered private placement financing (the “Financing”), previously announced by news release dated July 17, 2015 for gross proceeds of $222,000 by the issuance of 3,700,000 common shares at a price of $0.06 per share. The proceeds of the Financing will be used for the evaluation of new projects and general working capital. The common shares issued under the Financing are subject to a statutory hold period expiring on February 16, 2016.

The Company also announces that it intends to cancel 700,000 outstanding stock options issued to directors and officers.

For further information, please contact:

Steve Bajic at 604-505-6662

On behalf of the board of directors:

Steve Bajic Director

Neither the 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 news release.

Forward-Looking Information:

This news release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding the Company’s intention to cancel all outstanding stock options. Although the Company believes that the expectations reflected in the forward looking information are reasonable, there can be no assurance that such expectations will prove to be correct.

Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, and similar expressions, or are those, which, by their nature, refer to future events. Readers are cautioned to not place undue reliance on forward-looking information. Such forward looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, the possibility that the stock option cancellation will not occur for any reason. Except as required by law, the Company expressly disclaims any obligation, and does not intend, to update any forward looking statements or forward-looking information in this news release. The statements in this news release are made as of the date of this release.