Knick Exploration Inc. Closes $300,000 Hard Cash Financing

Val d'Or, Quebec, Canada, / TheNewswire / August 23, 2016 Knick Exploration Inc. ("Knick") (TSX- V: KNX) is pleased to announce the company has closed a $300,000 hard cash financing. (with a single individual ).

The Units issued are part of a $500,000 offering (hard cash) and were offered by way of a Private Placement in all of the provinces of Canada, this private placement is available until the 15th of September.

Each share is composed of one warrant of the Corporation and entitle the holder thereof to purchase one common share at a price of $0.05 per Common Share, for a period of 18 months following the closing date.

Ongoing Flow Thru Financing:

The company wishes to advise that the ongoing Flow Through Private Placement at $0.05 will also be closing on September 15, 2016.

With both financing in place, this brings us closer to the implementation of the drill program on the East-West Property. The drill progam has been developed from Knick's ongoing research of the property. The East-West Gold Property is located along the Trans-Canada Highway of the Val d'Or-Malartic Mining Camp, Quebec, Canada, and is sandwiched between its' neighbours: Osisko Mining (TSX-T: OSK) / Marban deposit, and Wesdome Gold Mines (TSX-T:WDO) Kiena Mine complex.

The company also reports that Mr. Hugo G. Delrue is no longer on the board of Knick Exploration Inc.

Knick press releases are available in the news room on Knick's web site at www.knick.ca

Gordon N. Henriksen, P.Geo., Vice President of Knick Exploration, is the Company's qualified person as defined by National Instrument 43-101. He has reviewed and approved the contents of this press release.

We seek Safe Harbour.

Forward-Looking Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

This Press Release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.

FOR MORE INFORMATION, CONTACT:

Jacques Brunelle Gordon N. Henriksen

President & CEO Vice President

Knick Exploration Knick Exploration

536, 3rd Avenue 536, 3rd Avenue

Val-d'Or, Quebec Val-d'Or, Quebec

J9P 1S4 J9P 1S4

Office 819-874-5252 Office 819-874-5252

Cell 819-856-1387 Cell 819-210-1406

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