/NOT FOR DISTRIBUTION TO A US NEWSWIRE SERVICE OR FOR DISSEMINATION IN THE UNITED
STATES./
TSXV – F
VANCOUVER, Aug. 12, 2016 /CNW/ - Fiore Exploration Ltd.
("Fiore Ex" or the "Company") (TSXV: F), announces a non-brokered private placement of 12,750,000 common shares at a price of
$0.55 per common share, for gross proceeds of $7,012,500. The private placement has been fully allocated and remains subject to the approval of the
TSX Venture Exchange.
Tim Warman, P.Geo., Fiore's CEO, is the Qualified Person who supervised the preparation of the
technical data in this news release.
ABOUT FIORE EXPLORATION LTD.
Fiore Exploration Ltd., has acquired the Pampas El Peñon gold project in Chile from
Arena Minerals, a project which covers land in the same geological environment as Yamana's flagship El Peñon mine.
On behalf of FIORE EXPLORATION LTD.
"Tim Warman"
Chief Executive Officer
Neither the 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.
Disclaimer for Forward-Looking Information
"This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable
securities laws. This information and statements address future activities, events, plans, developments and projections. All
statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such
forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate,"
"plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and
analysis made by management of the Company in light of its experience, current conditions, expectations of future developments and
other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown
risks and uncertainties that may cause the Company's actual results, performance and achievements to differ materially from those
expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed
thereon.
Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing;
fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and
obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully
described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities
regulatory authorities and available at www.sedar.com. The Company disclaims any obligation to update or revise any forward-looking information or
statements except as may be required."
SOURCE Fiore Exploration Ltd.
