u.s.$0.50EMR Capital Acquires Additional Shares of Crystal Peak Minerals, Inc. Cayman Islands, January 8, 2018. This press release is issued by EMR Capital Resources Fund 1, LP (“EMR”) pursuant to the early warning requirements of National Instrument 62-103 with respect to securities of Crystal Peak Minerals, Inc. (“CPM”), a reporting issuer in certain jurisdictions in Canada. EMR announces that its affiliate EMR Capital Investment (No. 5B) Pte. Ltd. (the “Purchaser”), has entered into a share purchase agreement (the “Agreement”) with a former director and officer of CPM (the “Vendor”) pursuant to which the Purchaser acquired from the Vendor an aggregate of 13,191,544 common shares (the “Common Shares”) of CPM at a price of US$0.50 per Common Share. EMR also, directly or indirectly, owns or controls 175,000 options to purchase Common Shares exercisable until August 20, 2019 at a price of $0.42 per Common Share and 300,000 options to purchase Common Shares exercisable until August 28, 2021 at a price of $0.45 per Common Share (“Options”). If EMR were to exercise the Options, there would be 197,677,294 Common Shares of CPM outstanding on a partially diluted basis of which EMR will, directly or indirectly, own or control an aggregate of 100,068,133 Common Shares representing approximately 50.62% of the outstanding Common Shares on a partially diluted basis. In addition, on June 22, 2017, the Purchaser entered into a convertible loan agreement (the “Loan Agreement”) with CPM pursuant to which the Purchaser will lend to CPM US$12,000,000 (the “Loan”). The Loan will mature in 18 months from the date of issuance, and will bear interest at the rate of 12%, compounded quarterly. The US$12,000,000 principal amount of the Loan, in whole or in part, is convertible into Common Shares of CPM at the option of the Purchaser, at a price per Common Share of C$0.55. In addition, the interest on the Loan is payable in Common Shares of CPM at the market price of CPM on the earlier of the date of conversion or certain prescribed interest payment dates, subject to the approval of the TSX Venture Exchange. All of the securities held by EMR in CPM, including the Common Shares and Options, are being held for investment purposes. EMR may in the future take such actions in respect of its CPM securityholdings as it deems appropriate in light of the market circumstances then existing, including the potential purchase of additional shares of CPM through open market purchases or privately negotiated transactions, or the sale of all or a portion of such holdings in the open market or in privately negotiated transactions to one or more purchasers, or EMR may continue to hold its current position. For further information and to obtain a copy of the early warning reports filed under applicable Canadian provincial securities legislation in connection with the transactions hereunder, please go to the CPM profile on the SEDAR website www.sedar.com. For further information: EMR Capital Resources Fund 1, LP 190 Elgin Avenue, George Town Grand Cayman, Cayman Islands, KY1-9007 Attention: Colin MacKay