Canoe Mining Appoints R.Suttie as CFO

OAKVILLE, ONTARIO--(Marketwired - June 27, 2016) - Canoe Mining Ventures Corp. (TSX VENTURE:CLV) ("Canoe") is pleased to announce the appointment of Mr. Rob Suttie as CFO of Canoe effective immediately. Mr. Parnham will remain as President, CEO and Director of Canoe.

Mr. Robert Suttie currently works with Marrelli Support Services as its Vice President, possessing more than 20 years of experience, ten of which were in public accounting prior to his tenure with the Marrelli organization. Mr. Suttie specializes in management advisory services, accounting and the financial disclosure needs of the Marrelli group's public client base. In addition to Canoe, Mr. Suttie also serves as Chief Financial Officer for a number of other junior mining companies listed on the TSX and TSX-V, leveraging his skills and experience to become integral to the reporting issuers.

The Company announces, subject to exchange approval, it has granted a total of 1,850,000 options to directors and consultants of the Company. In accordance with the Company's stock option plan, the granted options are exercisable at $0.05 per share, have a term of five years, and vest immediately.

The Company also announces that Mr. Jean-Francois Pelland has resigned as Independent Director. Canoe's board of directors would like to thank Mr. Pelland for his involvement at Canoe and they wish him every success in his future endeavours.

Additional information and corporate documents may be found on www.sedar.com and on the Canoe Mining website: www.canoemining.com.

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 news release.

On Behalf of the Board of Directors of Canoe Mining,

Duane Parnham, President and CEO

Forward Looking Statements

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release or other future plans, objectives or expectations of Canoe are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Canoe's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by Canoe with securities regulators. Canoe expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.