Canada:
13236 Cliffstone Crt.
Lake Country, BC V4V 2R1 Tel: (250) 766-1517 Fax: (250) 766-1836 www.crystallakeminingcorp.com USA: 1021-100 Easy St.
Carefree, AZ 85377 Tel: (480) 575-1220 Fax: (480) 488-3492 [email protected]
NEWS RELEASE
March 10, 2017 Symbol:-TSX-V: CLM CRYSTAL LAKE ANNOUNCES UPDATE TO DEBT SETTLEMENT
Crystal Lake Mining Corporation (the “Company”) announces that further to the news release issued on January 23, 2017, the following Insiders will be participating in the debt settlement as creditors: Insiders Name Amount of Debt to be Settled Number of Shares to be Issued Nature of Debt Wally Boguski, CEO
Total $10,000 $80,000 $15,000 $30,000
$135,000 33,333 266,667 50,000 100,000
450,000 Directors fees Loan to the Company Sale of equipment to the Company Professionals fees Alphonse Ruggiero CFO
Total $8,500 $77,923
$86,423 28,333 259,743
288,076 Directors fees Professional accounting fees
The Company has applied to the TSX-V to issue up to up to 1,325,577 common shares (“Shares”) to creditors, at a deemed value of $0.30 per Share, to settle debts aggregating CDN$397,673.
The debt settlement remain subject to TSX-V approval.
About the Company
Crystal Lake Mining Corporation is a mineral exploration company focused on creating value through the exploration and development of its British Columbia and it growing portfolio of Ontario mineral properties.
On behalf of The Board of Directors
Wally Boguski
President & CEO, Crystal Lake Mining Corporation
Canada:
13236 Cliffstone Crt.
Lake Country, BC V4V 2R1 Tel: (250) 766-1517 Fax: (250) 766-1836 www.crystallakeminingcorp.com USA: 1021-100 Easy St.
Carefree, AZ 85377 Tel: (480) 575-1220 Fax: (480) 488-3492 [email protected]
This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Crystal Lake Mining Corporation which may cause actual results, performance or achievements of Crystal Lake Mining Corporation on to be materially different from the results, performance or expectation implied by these forward looking statements.
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 press release, which has been prepared by management.