Cheetah Canyon Resources Corp CRRDF

Bal, Jatinder Singh Closes Private Placement March 23, 2018

[ELASSOWIPO]

March 23, 2018 - Cheetah Canyon Resources Corp. (the "Company") (TSX-V: CHTA), is pleased to announce that they have closed their oversubscribed 17,045,000 Private Placement previously announced October 5, 2017. Each unit is comprised of one common share priced at $0.06 cents per share and one common share purchase Warrant. Each Warrant entitles the holder to purchase one additional common share at $0.08 cents for a two-year period. Proceeds derived from this Private Placement will be used for general working capital purposes, the Mali Gold Project and for evaluation of additional potential projects. The closing of this Private Placement is subject to TSX Venture Exchange approval. The Company further announces that they have granted incentive stock options to certain directors and consultants to purchase up to 1,500,000 common shares under the Company's 10% rolling stock option plan. The options granted are for a five-year period expiring March 23, 2023 at an exercise price of $0.06 per share. This transaction is subject to TSX Venture Exchange approval.