Keywords : Canada | Gold | K Street |

Re: News - Wednesday, October 14, 2015
Title: Masuparia Amends Private Placement Financing Terms

NR: 15-04

Masuparia Gold Corporation (TSX.V: MAS) ("Masuparia" or the "Company") announces that further to its news release of Aug. 20, 2015, it has amended the terms of the non-brokered private placement financing to raise up to $400,000, subject to regulatory acceptance, and will now offer the Flow Through Units ("FT Units") at $0.06/unit and the Non-Flow Through Units ("NFT Units") at $0.04/unit.

Each FT Unit will comprise one common share at a price of $0.06 CDN per share and one full NFT warrant exercisable for 4 years at $0.08 CDN. Each NFT unit will comprise one common share at a price of $0.04 CDN per share and one full warrant exercisable for 4 years at $0.08 CDN. Shares issued under this financing will be subject to a hold period of 4 months and one day from the closing date of the offering. Finders' fees may be payable to qualified agents on a portion of the funds raised in accordance with Exchange regulations.

Funds from this financing will be used to continue studies regarding the potential for advancing the Greywacke North deposit. Funds will also be used towards general working capital.

About Masuparia Gold
Masuparia Gold Corporation is a Canadian mineral exploration company focused on exploration projects in Saskatchewan. Masuparia currently is the Operator of a joint venture (LRSGJV) in the La Ronge Gold Belt of Saskatchewan with Golden Band Resources on three properties: Greywacke Lake, North Lake and Preview Lake. The Company believes the Greywacke Lake gold project to be an excellent regional exploration opportunity within the large 5,786 hectare project area. The Greywacke North deposit is at an advanced stage with several known high-grade gold-bearing zones and a NI 43-101 compliant Indicated Mineral Resource of 252,299 tonnes at 9.92 g/t Au plus an Inferred Mineral Resource of 58,456 tonnes at 7.42 g/t Au (at a cut-off of 5 g/t Au) (Masuparia news release June 29, 2015).

On Behalf of the Board of Directors of

Masuparia Gold Corporation

Ronald K. Netolitzky
President & CEO

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Masuparia Gold Corp. Contacts: Ron Netolitzky, President & CEO or Tony Perri - Investor Relations at 604-685-8592
Suite 650, 1021 W. Hastings Street Vancouver, British Columbia, Canada V6E 0C3
Tel: 604-685-8592 Website: www.masupariagold.com Email: tperri@masupariagold.com

Associated File: http://www.masupariagold.com/i/pdf/nr/2015-10-14_NR.pdf: 88 KB in size, approx. 17 seconds to download at 56.6Kbps

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Masuparia Gold Corp

	EXPLORATION STAGE
	CODE : MAS.V
	ISIN : CA5764593094

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Masuparia Gold is a gold exploration company based in Canada.

Masuparia Gold holds various exploration projects in Canada and in Mexico.

Its main exploration properties are GREYWACKE, UNGAVA, DICKENS LAKE and MASUPARIA PROJECT in Canada.

Masuparia Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 319 044 as of today (US$ 232 500, € 217 225).

Its stock quote reached its highest recent level on September 20, 1996 at CA$ 2.40, and its lowest recent point on April 25, 2024 at CA$ 0.01.

Masuparia Gold has 31 904 373 shares outstanding.

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