TORONTO, ONTARIO--(Marketwired - July 19, 2013) - Claim Post Resources Inc. (TSX VENTURE:CPS) (the "Company" or "Claim Post") is pleased to announce that it has received regulatory approval for the previously announced deal to purchase 9 quarry leases from Gossan Resources Limited ("Gossan") and has issued 1,000,000 common shares to Gossan as the first payment of the purchase price. See July 3^rd, 2013 Claim Post Press Release for details of the Gossan Agreement.

The Gossan leases immediately adjoin the 9 Char Crete Limited ("Char Crete") leases that Claim Post purchased with a series of cash payments between August 7^th 2012 and April 16^th, 2013. The combined property now covers 734 hectares or 2.5 square miles and is accessible by paved highway 200km north east of Winnipeg, Manitoba. A portion of the Gossan leases have been drilled extensively outlining a silica sand deposit averaging 10.1m thick, over up to a 500m width by 1,500m length and is open in most directions. API test-work on the Gossan sand shows that it is suitable for making good quality white frac sand in the 8,000 to 10,000 psi compressive strength range. See Gossan Press release June 24^th, 2013; on Sedar.

On July 5^th, 2013 Claim Post received a letter from a lawyer for Simmons Construction Limited ("Simmons") requesting information on the deal and giving notice that Simmons, acting on its own behalf and as agent for others (the "Simmons Group"), holds a debenture from Char Crete Ltd ("Char Crete") that creates a security interest in the undertaking and all the assets of Char Crete. The Simmons Group claim purports to include the 9 quarry leases. The total principal of the debenture on all Char Crete assets is $1,243,458 dollars.

Claim Post purchased the said leases from Char Crete on August 7, 2012, which was before the January 15, 2013 date upon which the Simmons Group filed (registered their security interest) under the Manitoba Personal Property Security Act and before the date of the Simmons Group debenture. Accordingly, Claim Post takes the position that the Simmons Group security interest did not attach to the Char Crete quarry leases as they were not owned by Char Crete as at the date of the debenture.

Charles Gryba, CEO of Claim Post Resources, stated: "Once you start to create value in a mineral project, creditors of the seller of the property usually appear. Char Crete has owned the leases for 10 years, paid all the taxes and the leases are registered in Char Crete's name. Our agreement was to pay $1,500,000 dollars plus a retained $1.00 per tonne royalty to Char Crete; cheques totaling $1,500,000 have been issued and cashed. As of a conversation with Char Crete's principal this week, he indicated that its lawyer is in the process of transferring the leases to Claim Post and is dealing with creditors. Char Crete has assets, including railroad land (CPS Press Release January 25^th 2013) plus several large permitted gravel deposits in the Winnipeg area that have value. Meanwhile, we are advancing the "Seymourville Frac Sand Project". Our next step is to confirm the silica sand deposit identified in the Gossan 40 drill holes, complete a NI 43 101 report and a scoping study plus carry on our discussions with Hollow Water and the villages of Manigotogan and Seymourville."

The Company also announces that it has granted a total of 4,550,000 stock options to directors, officers, employees, consultants and service providers pursuant to the Stock Option Plan of the Company. The stock options are exercisable at a price of $0.10 per share for a period of five (5) years.

Claim Post Resources Inc. is a Canadian based mineral exploration company that is transitioning from gold and base metal exploration into now becoming a frac sand supplier to Canadian oil and gas industry. Claim Post is a reporting issuer in Ontario, Alberta and British Columbia. The Company now has a 100% ownership right in 428 hectares of quarry sand leases and an option to purchase 100% in the adjoining 306 hectares near Seymourville, 200km north of Winnipeg, Manitoba. The Company intends to develop the "Seymourville Frac Sand Project" as a source of fracking sand for the oil and gas industry in Manitoba and Western Canada. Claim Post also has mineral claims in the Timmins area for gold and base metal exploration. There are 49,288,831 common shares of the Company issued and outstanding.

Statements in this release that are forward-looking reflect the Company's current views and expectations with respect to its performance, business, and future events. Such statements are subject to various risks and assumptions, some, but not necessarily all, are disclosed elsewhere in the Company's periodic filings with Canadian securities regulators. Such statements and information contained herein represent management's best judgment as of the date hereof based on the information currently available; however actual results and events may vary significantly. The Company does not assume the obligation to update any forward-looking statement.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.