• PEMC

Pacific Empire Minerals Corp. Closes Over-Subscribed Private Placement

January 26, 2017

January 26, 2017, Vancouver, BC, Canada - Pacific Empire Minerals Corp. ("PEMC" or the "Company") is pleased to announce that the Company has closed its previously announced non-brokered private placement (the "Financing"), and that the Financing was over-subscribed as the Company issued 6,118,850 units (the "Units") at a price of $0.10 CAD per Unit, for gross proceeds of $611,885.

PEMC expects to use the proceeds of the Financing to fund an initial public offering (the "IPO") that is expected to occur in the first half of 2017, property acquisitions and for general working capital purposes.

No finder’s fees will be paid in connection with the Financing and all common shares issued pursuant to the Financing shall be subject to a hold period in Canada of four months and one day from the closing of the Financing.

This shareholder update does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States, or in any jurisdiction in which such an offer or sale would be unlawful. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States or to the account or benefit of a "U.S. person" (as defined in Regulation S under the 1933 Act) or a person in the United States absent registration or an applicable exemption from the registration requirements.

About Pacific Empire Minerals Corp.

PEMC is a private exploration company based in Vancouver, British Columbia, which is focused on the discovery of copper-gold deposits in politically stable jurisdictions with sound infrastructure. PEMC acquires exploration stage properties, and seeks partnerships and joint ventures to advance projects through to discovery. By providing business partners with the opportunity for discovery, PEMC is able to limit risk while maintaining exposure to discovery in numerous projects. Additional information, maps and diagrams have been compiled by PEMC and can be found on PEMC’s website at www.pemcorp.ca.

Forward-Looking Statements

This shareholder update contains forward-looking statements and information within the meaning of applicable securities laws (collectively, "forward-looking statements"), including the United States Private Securities Litigation Reform Act of 1995. Statements in this shareholder update which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations and orientations regarding the future. Often, but not always, forward looking statements can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Such forward-looking statements include, among others, the Company's business model and property acquisition plans, the IPO being contemplated for 2017 and the uses of the Financing proceeds. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inability of the Company to implement its business plan and to find suitable partnerships and joint ventures, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, requirements for additional capital, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities and precious metals, lack of investor interest in the IPO, accidents, delays in obtaining governmental, securities regulatory authority or stock exchange permits or approvals, changes in laws, regulations and policies affecting mining operations, title disputes, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations.

Readers are cautioned not to place undue reliance on forward-looking statements. Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking statements in this shareholder update or incorporated by reference herein.