DGAP-News

Royal Road Minerals Closes C$3.6 Million Brokered Private Placement Financing - Seite 2

The Company did not file a material change report in respect of the related
party transaction at least 21 days before the closing of the Offering,
which the Company deems reasonable in the circumstances so as to be able to
avail itself of the proceeds of the Offering in an expeditious manner.

The net proceeds received by the Company from the Offering will be used to
finance its planned operations in Colombia and, if applicable, its
anticipated operations in Nicaragua following any successful completion of
its previously announced intended acquisition of Caza Gold Corp.

All securities issued under the Offering will be subject to a statutory
four month hold period ending on June 18, 2017 pursuant to applicable
securities legislation.

The securities offered have not been, and will not be, registered under the
United States Securities Act of 1933, as amended (the 'U.S. Securities
Act'), or any state securities laws, and accordingly, may not be offered or
sold within the United States except in compliance with the registration
requirements of the U.S. Securities Act and applicable state securities
requirements or pursuant to exemptions therefrom. This news release does
not constitute an offer to sell or a solicitation of an offer to buy any of
the Company's securities in the United States.

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 release.

Cautionary statement:

This news release may contain forward looking statements including those
describing Royal Road Minerals Limited's future plans and the expectations
of its management that a stated result or condition will occur. Any
statement addressing future events or conditions necessarily involves
inherent risk and uncertainty. Actual results can differ materially from
those anticipated by management at the time of writing due to many factors,
the majority of which are beyond the control of the Company and its
management. In particular, this news release contains forward-looking
statements pertaining, directly or indirectly, to the following: risks
associated with future equity financings, the ability to close the Offering