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DELRAND RESOURCES LIMITED - Private placement of common shares

Release Date: 24/12/2015 09:41:00      Code(s): DRN     
Delrand Resources Limited
(Incorporated in Canada)
(Corporation number 627115-4)
Share code: DRN ISIN Number: CA2472672062
(?Delrand? or the "Company")


Toronto, Ontario ? December 23, 2015 ? Delrand Resources Limited (the ?Company?)
(TSX-V: DRN.H; JSE-DRN) is pleased to announce a non-brokered private placement of up to 9,000,000
common shares in the capital of the Company (the ?Common Shares?) at a price of $0.08 per Common
Share for gross proceeds of up to $720,000 (the ?Offering?). Certain directors and officers may
participate in the Offering.

Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including
the approval of the NEX. All securities issued in connection with the Offering will be subject to a
statutory hold period of four months plus a day from the date of issuance in accordance with applicable
securities legislation. The proceeds of the Offering will be used for general working capital purposes.

For further information, please contact:

Arnold T. Kondrat, CEO, (416) 366-2221 or 1-800-714-7938.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this release and has neither approved nor disapproved of the contents of this press release.

This news release contains certain ?forward-looking information? within the meaning of applicable securities law. Forward
looking information is frequently characterized by words such as ?plan?, ?expect?, ?project?, ?intend?, ?believe?,
?anticipate?, ?estimate?, ?may?, ?will?, ?would?, ?potential?, ?proposed? and other similar words, or statements that certain
events or conditions ?may? or ?will? occur. These statements are only predictions. Forward -looking information is based on the
opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-
looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers
should refer to the Company?s Management?s Discussion and Analysis. The Company undertakes no obligation to update
forward-looking information if circumstances or management?s estimates or opinions should change, unless required by law. The
reader is cautioned not to place undue reliance on forward-looking information.

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this
restriction may constitute a violation of U.S. Securities laws.

24 December 2015

Arbor Capital Sponsors Proprietary Limited

Date: 24/12/2015 09:41:00 Supplied by www.sharenet.co.za                     
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