Natan Resources Announces Approval for Acquisition of Montalembert Gold Property

Kelowna, British Columbia (FSCwire) - Natan Resources Ltd. (“Natan” or the “Company”) (TSX-V: NRL) is pleased to announce that the TSX Venture Exchange has accepted the filing documentation relating to the Company's agreement to earn a 100% interest, from Globex Mining Enterprises Inc. ("Globex") (TSX:GMX)(FRANKFURT:G1M)(OTCQX:GLBXF), in the Montalembert Gold Property (the "Property") located approximately 100 kilometres southwest of Chibougamau in the Abitibi mining district of Quebec (the "Transaction"), as previously announced on November 17, 2016. The Company will move to close the Transaction in due course and will issue the 1,500,000 common shares and pay $300,000 in cash to Globex and issue the finder's fee common shares immediately. All securities issued by the Company in connection with the Transaction will be subject to a statutory four month hold period.

Terms of the Option Agreement

Pursuant to the Agreement, Natan shall have the option to earn an undivided 100% right, title, and interest in the Property (the “Option”), subject to the Gross Metal Royalty, by making aggregate cash payments to Globex of $2,700,000, issuing an aggregate of 8,500,000 common shares and incurring aggregate exploration expenditures of $15,000,000 on the Property as follows:

     - Paying $2,700,000 in cash to Globex as follows:

               - $300,000 on or before December 31, 2016;

               - $300,000 on or before December 31, 2017;

               - $600,000 on or before December 31, 2018;

               - $1,500,000 on or before December 31, 2019;

     - Issuing 8,500,000 common shares of Natan to Globex as follows:

               - 1,500,000 common shares on or before the tenth business day after TSX Venture Exchange acceptance of this Option Agreement

                  but no later than December 31, 2016;

               - 2,000,000 common shares on or before December 31, 2017;

               - 2,000,000 common shares of on or before December 31, 2018;

               - 3,000,000 common shares of on or before December 31, 2019;

     - Incurring aggregate exploration expenditures of $15,000,000 on the Property as follows:

               - $1,000,000 in exploration expenditures to be completed on or before December 31, 2017;

               - an additional $1,000,000 in exploration expenditures to be completed on or before December 31, 2018;

               - an additional $4,000,000 in exploration expenditures to be completed on or before December 31, 2019;

               - an additional $4,000,000 in exploration expenditures to be completed on or before December 31, 2020;

               - an additional $5,000,000 in exploration expenditures to be completed on or before December 31, 2021;

Notwithstanding the foregoing, at any time following the 2nd anniversary of the Effective Date of this Option Agreement, the exploration expenditures may be deferred for up to 12 months (resulting in all subsequent exploration expenditure requirements to be deferred 12 months) in the event that both: (i) the London spot price for Au is less than $1200 US per troy ounce for 30 consecutive days, and (ii) Natan has less than $1 million CDN funds in its treasury. In the event that exploration expenditures are deferred as contemplated hereby, Natan shall be obligated to pay to Globex a penalty of $150,000 in cash and issue to Globex 1,000,000 common shares of Natan within 10 business days of providing notice to Globex of such deferral of exploration expenditures.

Due to the high grade nature of the potential ore from the Property, Globex shall retain a three and one-half percent (3.5%) Gross Metal Royalty (GMR) on all recovered metals and minerals produced from the Property, with a six percent (6%) GMR on the first 150,000 ounces of each of gold and silver recovered from the Property.

In connection with signing of the Agreement, the Company has entered into a finder's fee agreement which provides for a fee payable on any transaction completed between the Company and Globex.

Appointment of Paradox Public Relations

Additionally, Natan announces that it has signed Paradox Public Relations (“Paradox”) to assist with its investor relations activities. Pursuant to the agreement reached between the parties, Paradox will focus on developing and expanding Natan's communications with the investment community through a comprehensive investor relations program. Paradox has been providing investor relations services in multiple industries for nearly 15 years. Paradox shall provide marketing to the investment community and organize meetings and presentations on behalf of Natan. The agreement with Paradox has a term of 24 months with a monthly fee of $6,500, and may be terminated at any time without charge by either party by giving 30 days of notice in writing. The agreement with Paradox and payment of fees is subject to the approval of the TSX Venture Exchange.

For further information regarding this news release contact:

Steve Roebuck, CEO

Tel: (647) 496-7983

Cell: (905) 741-5458

Email: steve@natanresources.ca

On behalf of the Board of Directors

Natan Resources Ltd.

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 news release.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transactions and has neither approved nor disapproved the contents of this press release.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATED SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

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