Gold Finder Closes $5.5 Million Subscription Receipts Private Placement in Connection With the Proposed Acquisition of Venzee

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 12, 2017) -

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Gold Finder Explorations Ltd. (NEX:GFN.H) ("GFN") is pleased to announce that it has closed a brokered private placement of subscription receipts (each a "Subscription Receipt") at a price of CAD$0.50 per Subscription Receipt for total gross proceeds of $5.5 million (the "Subscription Receipts Private Placement"). The Subscription Receipts Private Placement was completed in connection with the previously announced proposed acquisition by GFN of all of the shares of Venzee Inc. ("Venzee") pursuant to a reverse takeover (the "Transaction"). PI Financial Corp. (the "Lead Agent") acted as sole-lead agent for GFN in connection with the Subscription Receipts Private Placement pursuant to an agency agreement between the Lead Agent, GFN and Venzee (the "Agency Agreement").

In addition to the Subscription Receipts Private Placement, GFN will be undertaking, in connection with the Transaction and pursuant to the Agency Agreement, a brokered private placement of up to CAD$2.0 million of common shares of GFN (each a "GFN Common Share") in British Columbia and Alberta, and such other jurisdictions as may be agreed to by GFN and the Lead Agent (with the exception of Ontario), at a price of CAD$0.50 per GFN Common Share (post GFN Consolidation, as defined below) pursuant to a short form offering document in accordance with Policy 4.6 of the TSX Venture Exchange (the "SFOD Private Placement").

Upon completion of the Transaction, GFN will have 100% ownership of the business and assets of Venzee, following which it is anticipated that GFN will be listed on the TSX Venture Exchange ("TSXV") as a Tier 2 Technology Issuer. Prior to the closing of the Transaction, the outstanding GFN Common Shares will be consolidated on the basis of one (1) new GFN Common Share for every two (2) existing GFN Common Shares (the "GFN Consolidation").

The Transaction is scheduled to close on or about December 21, 2017. A copy of the filing statement of GFN dated December 12, 2017 prepared in connection with the Transaction has been filed and will be available under GFN's profile on SEDAR at www.sedar.com. Additional information on the Transaction is available in the filing statement.