Northern Vertex Retains Macquarie Bank for Moss Mine Debt Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 15, 2015) - Northern Vertex Mining Corp. (TSX VENTURE:NEE) (the "Company") is pleased to announce that the Company has signed an Engagement Letter with indicative terms for Macquarie Bank Limited ("Macquarie Bank") to provide project finance facilities of up to US$20 million (the "Macquarie Facility") to be used to fund the majority of the projected development costs of the Company's 70% beneficially owned Moss Gold-Silver Project (the "Project") in north-west Arizona. As previously announced on June 8, 2015, the Company has also received indicative terms for a US$6.5 million Equipment Finance Facility (the "Equipment Facility") from a major US bank. The Macquarie Facility and the Equipment Facility are complementary and together provide up to US$26.5 million towards the estimated pre-production capital of US$33.0 million required to construct the planned 5,000 tonnes per day, open pit, heap leach, gold-silver mine at the Company's Moss Mine site. Northern Vertex has recently completed the requirements to earn a 70% interest in the Project and Patriot Gold Corp. owns the other 30%. The Project's costs and economics are fully described in the Company's feasibility study announced on June 8, 2015 and available for download from the Company's profile on sedar.com.

Dick Whittington, President and CEO states: "We are delighted to partner with Macquarie to develop the Moss Gold-Silver Project. After getting to know the Project in some detail over the last few months, Macquarie has presented a detailed financing proposal that provides both a pre-permitting Bridge Loan and a 4-year Refinancing and Development Facility that is tailored to align with the development and production requirements of the feasibility study. The Macquarie Facility represents another vote of confidence in the Moss Project from both a technical and development perspective. I would like to thank the Macquarie teams, both Vancouver and Australia, for their efforts over the last few months and for their insightful reviews that have enabled these creative and responsive project facilities to be developed. The Macquarie Facility and the Equipment Finance Facility, once finalized, will put us well on our way to getting the Moss Project fully financed and built for the benefit of shareholders of both Northern Vertex and Patriot, as well as our host communities in Arizona."