EPM Mining Ventures Inc. Closes C$10,354,839 Private Placement With EMR Capital Resources Fund 1, LP

TORONTO, ONTARIO--(Marketwired - May 29, 2015) - EPM Mining Ventures Inc. ("EPM" or the "Company") (TSX VENTURE:EPK) (OTCQX:EPKMF) announced today that it has closed its previously announced private placement with EMR Capital Resources Fund 1, LP ("EMR"), pursuant to which EPM issued to EMR 34,516,129 units (the "Units") at C$0.30 per Unit for gross proceeds of C$10,354,839, with each Unit being composed of one common share of EPM (a "Common Share") and one Common Share purchase warrant (a "Warrant") for an aggregate of 34,516,129 Common Shares and 34,516,129 Warrants (together, the "Offering"). Each Warrant entitles EMR to subscribe for one Common Share at a price of C$0.4243 per Common Share until May 29, 2017. However, subject to the achievement of certain milestones, EMR will be deemed to irrevocably exercise the Warrants into 34,516,129 Common Shares at a price of C$0.4243 per Common Share for gross proceeds of C$14,645,194 paid to the Company. In addition, EMR has agreed to a future investment commitment of not less than C$60 million, or one-third of the project equity commensurate with EMR's pro rata share of EPM's Sevier Playa SOP Project equity value based upon the net present value to be determined by the Company's planned Feasibility Study.

As a result of the Offering, EMR has become an insider of the Company and the Offering has resulted in the creation of a new "Control Person" within the meaning of the rules and policies of the TSX Venture Exchange (the "TSXV") for which the Company has obtained the written consent of shareholders holding over 50% of the issued and outstanding Common Shares, in accordance with the policies of the TSXV.

The Company intends to use the proceeds of the Offering towards funding its development program including its advanced fieldwork identified in its Preliminary Feasibility Study and permitting efforts to deliver a draft Environmental Impact Statement. If applicable, proceeds from the exercise of Warrants will be used by EPM to fund (i) the completion of its feasibility study, (ii) an Environmental Impact Statement and permitting, and (iii) for general working capital purposes.