Cairo Resources Announces Close of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2016) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

Cairo Resources Inc. (the "Company") (TSX VENTURE:QAI) announces that it has completed a non-brokered private placement of 666,666 common shares of the Company at a price of $0.15 per common share for gross proceeds of C$100,000 (the "Offering").

The Company will apply the proceeds of the Offering towards general working capital purposes.

All securities issued or issuable under the Offering are subject to a four-month hold period expiring on October 1, 2016 in addition to such other restrictions as may apply under applicable securities laws in jurisdictions outside of Canada.

There were no finder's fees paid in connection with the Offering.

On Behalf of the Board of Directors of Cairo Resources Inc.,

Darryl Cardey, President & CEO

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 release.