TORONTO, ONTARIO--(Marketwired - June 20, 2016) - Kerr Mines Inc. ("Kerr" or the
"Company") (TSX:KER) announces the resignation of Wayne Tisdale as a director of the Company effective June 16,
2016.
Mr. Tisdale's seat will be filled at the Company's upcoming annual and special meeting of shareholders to be held on June 30,
2016, where a board of seven directors are standing for election.
About Kerr
Kerr is a Canadian mineral exploration and development company based in Toronto, Canada. Kerr's focus is the acquisition,
exploration and development of prospective mineral properties in North America. With a proven track record of making discoveries
and managing mines, Kerr's team seeks assets in low risk jurisdictions to increase its existing resource base, from the
exploration drill bit or through strategic acquisitions. Kerr acquired the Copperstone Mine in Arizona in 2014. The mine is fully
permitted with significant mining infrastructure, mineral resources and processing infrastructure in place. Kerr has also
established a sizeable footprint of contiguous gold properties near Virginiatown, Ontario on the prolific 200-km long
Cadillac-Larder Lake Break that straddles the Ontario-Quebec border. Mining properties along the Break have historically produced
over 95 million ounces of gold.
This news release contains forward-looking statements, including current expectations on the timing of the commencement of
production and the rate of production, if commenced. These forward-looking statements entail various risks and uncertainties that
could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are
based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from
those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the Canadian
economy; the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are
reflective of actual mineral resources; and the degree to which factors which would make a mineral deposit commercially viable
are present; the risks and hazards associated with underground operations. Risks and uncertainties about Kerr Mines' business are
more fully discussed in the Company's disclosure materials, including its annual information form and MD&A, filed with the
securities regulatory authorities in Canada and available at www.sedar.com and
readers are urged to read these materials. Kerr Mines assumes no obligation to update any forward-looking statement or to update
the reasons why actual results could differ from such statements unless required by law.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained
herein.