Natan Resources Announces Closing of Final Tranche of Private Placement and Appointment of New CFO

Vancouver - Natan Resources Ltd. (the “Company”) is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered private placement by issuing an additional 622,000 units ("Units") for aggregate gross proceeds of $124,400 (the "Second Tranche"). Pursuant to the total Offering (see the Company's news releases of September 2, 2016), the Company has issued an aggregate of 3,275,000 Units and 1,380,000 flow through units (“FT Units”) for gross proceeds of $1,000,000.

Each Unit will consist of one common share in the capital of the Company and one half of one common share purchase warrant (each whole common share purchase warrant, a "Unit Warrant"), with each Unit Warrant being exercisable to acquire one common share of the Company at a price of $0.30 for a period of 36 months following the closing date of the Offering. Each FT Unit will consist of one "flow-through" common share in the capital of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a "FT Unit Warrant"), with each FT Unit Warrant being exercisable to acquire one common share of the Company at a price of $0.30 for a period of 36 months following the closing date of the Offering.

The Company has paid finder's fee of $6,960 in cash and 34,800 non-transferable brokers warrants in connection with the close of the Second Tranche. Proceeds of the Offering will be used for the Company's 2016 work program on its Duval Property (the "Property"), located south-west of and contiguous to the Nemaska Lithium Whabouchi Deposit, Quebec, and will focus on the Property's lithium pegmatite prospects.

All securities issued in connection with the Offering are subject to a four-month hold period that expires on February 15, 2016. The Offering is subject to completion and execution of appropriate documentation and acceptance for filing by the TSX Venture Exchange.


Appointment of New CFO

The Company also announced today that Ken Tollstam has resigned as Chief Financial Officer to pursue other professional interests. The board wishes to thank Mr. Tollstam for his valuable contribution to the success of the Company and wish him all the best in his future endeavours.

In order to fill said vacancy, the Company has appointed Rukie Liyanage as Chief Financial Officer.

Mr. Liyanage has extensive experience in financial analysis, auditing, financial statement preparation, tax preparation, management, and business planning. Prior to forming his own accounting practice, Mr. Liyanage earned his Chartered Professional Accountant and Chartered Accountant (CPA, CA) designations with one of the “big four” accounting firms. During his time there, he provided auditing and tax services to corporations ranging in a variety of industries.

For further information regarding this news release contact:
Michael Blady, CEO
Tel: (604) 720-3474


On behalf of the Board of Directors

Natan Resources Ltd.



This news release contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although we believe the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of our management on the date the statements are made. Natan Resources Ltd.. undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change, except as required by law.

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The TSX Venture Exchange has in no way passed upon the merits of the proposed transactions and has neither approved nor disapproved the contents of this press release.

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