Claim Post Resources Inc. Announces Warrants Exercised

TORONTO, ONTARIO--(Marketwired - Jan 21, 2015) - Claim Post Resources Inc. (TSX VENTURE:CPS) is pleased to announce that 3,064,748 warrants have been exercised at the price of $0.12 per share for a gross processed of $367,770 dollars and that 9,528,750 warrants have expired. Claim Post Resources now has 121,083,908 shares outstanding. The warrants were exercised by insiders and/or major shareholders of the Company.

In 2014 Claim Post concentrated on advancing the high grade silica Seymourville Frac Sand Project located 200km north east of Winnipeg Manitoba near paved Highway 304.

Claim Post successfully accomplished all of the milestones that management had set out at the start of 2014. A comprehensive round of metallurgical testwork was completed that confirmed the Company could make Tier 1 quality frac sand. This in turn allowed the Company to contract an independent NI 43 101 Report dated June 13, 2014 (available on Sedar; see press release dated April 30, 2014) using the historical drill data. The Report indicates that the project has a resource of at least 25 million tonnes of high grade silica on about 20% of the project area. The Company also obtained a one year social license to complete line cutting, drilling and geotechnical work in 2015.

Secondly, the large sand tonnage resource allowed Claim Post to undertake an Independent Preliminary Economic Analysis (PEA) dated December 12, 2014 (available on Sedar; see press release dated November 24, 2014). The PEA economics was based on producing 1 million tonnes per year of frac sand for 18 years. The capital cost of the project was estimated at $93,000,000 which includes a quarrying operation, and a sand washing, drying and frac sand screening plant at Seymourville, plus highway trucks and a transload facility at CentrePort in Winnipeg to load CN, CPR or BNSF unit trains.

The PEA Capex of $93 million also include 2 months working capital and a 20% contingency and a major sand storage building at site allowing a 12 month per year operation. The NPV in 2014 using a 10% discount factor is $151 million dollars and an after tax return on investment of 21%. The Company is currently obtaining quotes to compete a feasibility study by the Q4, 2015 subject to availability of funding.

Charles Gryba, President and CEO of Claim Post Resources Inc. stated, "We are in a very good position to weather the oil cycle which could take 6 to 18 months to correct. We competed all of our 2014 projects on time and on budget thus have no major funding commitments. The exercise of warrants by our major shareholders gives us time to adjust future programs to suit the market conditions; their support is deeply appreciated. The PEA shows we have a very robust Frac Sand project whereby the Capex can be paid off within 18 months of starting production. The combination of Tier 1 quality frac sand, low mine site operating costs in Canadian currency, plus having a 1000km freight advantage should allow us to build a very profitable operation. Many investors have a 3 to 5 year time horizon thus good projects usually get funded as the investors look through the dips in the commodity cycle."

Claim Post Resources Inc. is a Canadian based mineral exploration company and a reporting issuer in Ontario, Alberta and British Columbia. The Company is focused on becoming a leading provider of premium white silica sand proppant to oil operations in the Williston Basin (both the Canadian and U.S. sides of the Border), and to the entire Western Canadian Sedimentary Basin from its Seymourville Frac Sand Project, located 200 km northeast of Winnipeg, Manitoba. Claim Post also has mineral claims in the Timmins area for gold and base metal exploration. There are 121,083,908 common shares of the Company currently issued and outstanding.

Qualified Person

Charles Gryba P.Eng is the qualified person for this press release. Mr. Gryba has reviewed and approved the scientific and technical contents of this news release.

Statements in this release that are forward-looking reflect the Company's current views and expectations with respect to its performance, business, and future events. Such statements are subject to various risks and assumptions, some, but not necessarily all, are disclosed elsewhere in the Company's periodic filings with Canadian securities regulators. Such statements and information contained herein represent management's best judgment as of the date hereof based on the information currently available; however actual results and events may vary significantly.

The Company does not assume the obligation to update any forward-looking statement. 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 accuracy of this release.