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CNRP Mining's Wettreich shuffles his shareholdings

2014-10-21 17:22 ET - News Release

Mr. Daniel Wettreich reports

CNRP INSIDER REORGANIZES SHAREHOLDINGS

CNRP Mining Inc.'s chairman and chief executive officer, Daniel Wettreich, has sold to Sammiri Capital Inc., a private company that is wholly owned by Mr. Wettreich, an aggregate of 785,937 common shares in the capital of CNRP. This reorganization of Mr.Wettreich's shareholdings was carried out for investment purposes.

Immediately after the transaction and including the shares held by Sammiri, Mr. Wettreich continues to hold, directly and indirectly, an aggregate of 12,764,955 common shares of the company, representing approximately 90.85 per cent of the company's issued and outstanding common shares.

Sammiri acquired the above-noted common shares of the company for investment purposes and it may, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over the common shares or other securities of the company, through market transactions, private agreements or otherwise.

The consideration for the securities acquired by Sammiri was at a deemed price of half a cent per share. The sale of the above-noted common shares of the company by Mr. Wettreich to Sammiri was carried out pursuant to an exemption from prospectus requirements as set out in Section 2.8 of National Instrument 45-102 -- Prospectus and Registration Exemptions.

We seek Safe Harbor.

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