Marching Moose Capital Corp. Announces Completion of Share Consolidation

VANCOUVER, BC--(Marketwired - April 28, 2017) - Marching Moose Capital Corp. (TSX VENTURE: MMC.P) ("MMCC" or the "Company"), announced today that, following the approval by MMCC's shareholders obtained on November 25, 2015, and the approval of the TSX Venture Exchange (the "Exchange") it has completed the consolidation of its issued and outstanding common shares on the basis of one post-consolidation common share for every 2 pre-consolidation common shares (the "Consolidation") resulting in a total of 1,820,003 common shares issued and outstanding following the Consolidation.

No fractional common shares will be issued as a result of the Consolidation. Any fractional common share of MMCC resulting from the Consolidation will be rounded up or down pursuant to s.83 of the Business Corporations Act (British Columbia) to the nearest whole post-Consolidation common share and such fractional common share will be cancelled.

Holders of common shares of MMCC who hold uncertificated common shares (i.e., shares held in book-entry form and not represented by a physical share certificate), either as registered holders or beneficial owners, have had their existing book-entry account(s) electronically adjusted by MMCC's transfer agent or, for beneficial shareholders, by their brokerage firms, banks, trusts or other nominees that hold in "street name" for their benefit. Such holders do not need to take any additional actions to exchange their pre-Consolidation common shares for post-Consolidation common shares.

Registered shareholders holding share certificates have been mailed a letter of transmittal to exchange their pre-Consolidation common shares for post-Consolidation common shares of MMCC. Such registered shareholders should complete the letter of transmittal and return it, along with any share certificate(s) representing the pre-Consolidation common shares of MMCC, to Computershare Investor Services Inc. in accordance with the instructions set forth in the letter of transmittal. A copy of the letter of transmittal sent to registered shareholders of MMCC is available on SEDAR.

For additional information regarding the Consolidation, please refer to MMCC's Notice of Special Meeting and Information Circular dated October 21, 2015, which is available on SEDAR.

The completion of the Consolidation is a condition of an agreement between MMCC and Avidian Gold Inc. ("Avidian") in relation to the proposed Qualifying Transaction (the "Transaction") between the MMCC and Avidian as described by News Releases dated October 26, 2016 and April 18, 2017. The Company's shares remain suspended on the TSXV in respect of the proposed Qualifying Transaction.