DGAP-News

Vendetta Mining Closes $2.5 Million Private Placement and Strategic 9.9% Equity Investment by Solitario Exploration and Royalty - Seite 2

metallurgical work as well as the results from 6,500 m of drilling
completed in the Burke Hinge Zone and Zone 5 since the February 2014
initial NI43-101 Mineral Resource Estimate on Zones 1 to 4.

Total commissions of $49,440 were paid associated with the proceeds of this
private placement.

About Solitario

Solitario is an exploration and royalty company. Solitario has a joint
venture with Minera Milpo (a Peruvian zinc miner) on its high-grade Bongará
zinc project in Peru. Solitario's Management and Directors hold
approximately 7.6% (excluding options) of the Solitario's 39.0 million
shares outstanding. Solitario's cash balance at the beginning of the end of
the first quarter of 2016 was approximately US$17 million. Additional
information about Solitario is available online at www.solitarioxr.com

About Vendetta Mining Corp.

Vendetta Mining Corp. is a Canadian junior exploration company engaged in
acquiring, exploring, and developing mineral properties with an emphasis on
lead and zinc. It is currently focused on advanced stage exploration
projects in Australia, the first of which is the recently optioned Pegmont
Lead Zinc project. Additional information on the Company can be found at
www.vendettaminingcorp.com

Qualified Person

Peter Voulgaris, MAusIMM, MAIG, a Director of Vendetta, is a
non-independent qualified person as defined by NI 43-101. Mr. Voulgaris has
reviewed the technical content of this press release, and consents to the
information provided in the form and context in which it appears.

ON BEHALF OF THE BOARD OF DIRECTORS

'Michael Williams'

Michael Williams
President & CEO
[phone]

Forward Looking Information

This news release includes forward-looking statements that are subject to
risks and uncertainties. Forward-looking statements involve known and
unknown risks, uncertainties, and other factors that could cause the actual
results of the Company to be materially different from the historical
results or from any future results expressed or implied by such
forward-looking statements.

Disclaimer

All statements within, other than statements of historical fact, are to be
considered forward looking. Although Vendetta Mining Corp. believes the
expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from
those in forward-looking statements. Factors that could cause actual
results to differ materially from those in forward-looking statements