Status Update with respect to Equity Financing

Vancouver, British Columbia--(Newsfile Corp. - September 2, 2016) - Bullman Minerals Inc. (TSXV: BUL) (the "Issuer") announces, that further to its News Release dated December 17, 2015 (first tranche closing of $525,000) regarding a total equity financing ("Financing") of approximately $7 million at $0.10 per share, it has received $1,950,000 from the proposed new control person of the Issuer, D&S International Investment Ltd. ("D&S"). A further $4.5 million is expected to be received from D&S. In the interim, the Issuer is proceeding with the closing of this tranche of the Financing, subject to TSX Venture Exchange acceptance.

ON BEHALF OF THE BOARD

SIGNED: "Peter Yue"

Peter Yue, CEO and Director
Contact: Peter Yue (604) 336-8618

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

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 release.

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