Mr. Rav Mlait reports

FINORE MINING ANNOUNCES RESIGNATION OF DIRECTOR AND OFFICERS; APPOINTMENT OF NEW DIRECTOR AND OFFICERS

Peter Tegart has tendered his resignation as president, chief executive officer and director and Simon Ma has tendered his resignation as the chief financial officer of Finore Mining Inc., effective Oct. 13, 2016.

Mr. Tegart will continue to serve as an adviser to the company carrying out technical evaluations for company's properties and potential acquisitions.

Rav Mlait is appointed as president and chief executive officer and to Finore's board of directors and Michael S.M. Sadhra is appointed as chief financial officer, effective Oct. 13, 2016.

Mr. Mlait has extensive experience in managing and raising capital for public and private companies. Mr. Mlait holds an MBA from Royal Roads University in British Columbia with a specialization in executive management and a BA (economics) from Simon Fraser University. He has worked with public companies listed on the Toronto Stock Exchange, TSX Venture Exchange and Canadian Securities Exchange. Mr. Mlait served as president and chief executive officer of Rockland Minerals Corp. from 2008 to 2016. He was vice-president of corporate development with TSX-V-listed Pacific Bay Minerals Ltd., exploring in Argentina, Quebec and British Columbia. Mr. Mlait has worked with TSX-listed junior gold producer Cusac Gold Mines Ltd., knowledge management and CRM (customer relationship management) software developer Knexa Solutions Ltd., and financial portal Stockhouse Media Corp.

Mr. Sadhra serves as the chief financial officer of Breathtec Biomedical Inc. Mr. Sadhra has been tax partner of Sadhra & Chow LLP since May, 2009. Mr. Sadhra has served as the chief financial officer of several public companies, including Cairo Resources Inc., Reservoir Capital Corp. and Lara Exploration Ltd. He has been a self-employed tax consultant since January, 2007. He was employed at KPMG LLP, chartered accountant, from September, 1999, and served as senior tax manager from October, 2003, to December, 2006, specializing in Canadian and international taxation for mining companies. Mr. Sadhra obtained a bachelor of commerce from the University of British Columbia in 1991 and his chartered accountant designation from the Institute of Chartered Accountants of British Columbia in 2001.

Finore thanks Mr. Tegart and Mr. Ma for their service to the company and wishes them well in their other endeavours.

About Finore Mining

Finore controls a 100-per-cent interest in the LK project located in north-central Finland. Finore recently announced a definitive agreement to acquire 100-per-cent interest in the Panther Creek cobalt property in east-central Idaho. Finore is planning to apply to regulatory authorities for a name change to Hybrid Minerals Corp.

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