Vancouver, British Columbia--(Newsfile Corp. - April 24, 2017) - Vendetta Mining Corporation (TSXV: VTT) ("Vendetta" or the
"Company") announces that the Company will be increasing the previously announced $3 million non brokered private placement (see
news release 2017 #2 dated April 10th 2017), to $4 million. The terms of the private placement are unchanged from the April
10th announcement. The number of units increase from 15 million to 20 million; each $0.20/unit comprises one common
share and one-half of one common share purchase warrant exercisable for two years at a price of $0.30 subject to certain
acceleration terms. The closing of the private placement is subject to TSX Venture Exchange approval.
Net proceeds from the financing will be used for the 2017 resource development program at the Company's Pegmont lead-zinc
deposit in Queensland, Australia and general working capital. A more detailed description of the 2017 planned program is contained
in the April 10th news release.
About Pegmont
The Pegmont lead-zinc-silver deposit is located in North West Queensland Mineral Province, 175 km south-east of the major mining
centre of Mount Isa, and 25 km west of South32's world class Cannington silver-lead-zinc operation and 28 km north of Chinova
Resources' Osborne and Kulthor copper-gold operations. It is proximate to infrastructure including roads, rail, and natural gas for
power generation.
Pegmont is a multiple lens, stratiform Broken Hill style deposit that outcrops with an overall shallow dip to the south east and
is hosted in a magnetite rich banded iron formation within high grade metamorphic rocks. The Company has, through its programs
confirmed Zone 5 is an area of higher grade zinc and multiple mineralized horizons. The project consists of three granted mining
leases and two exploration permits that cover an area of approximately 3,468 ha.
About Vendetta Mining Corp.
Vendetta Mining Corp. is a Canadian junior exploration company focused on advanced stage exploration and development at the
Pegmont Lead Zinc Project in Australia. Vendetta has an option to acquire a 100% interest by completing certain work requirements
and making option and advance royalty payments. Additional information on the Company can be found at www.vendettaminingcorp.com
Qualified Person
Peter Voulgaris, MAusIMM, MAIG, a Director of Vendetta, is a non-independent qualified person as defined by NI 43-101. Mr.
Voulgaris has reviewed the technical content of this press release, and consents to the information provided in the form and
context in which it appears.
ON BEHALF OF THE BOARD OF DIRECTORS
"Michael Williams"
Michael Williams
President & CEO
Forward Looking Information
This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking
statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to
be materially different from the historical results or from any future results expressed or implied by such forward-looking
statements.
Disclaimer
All statements within, other than statements of historical fact, are to be considered forward looking. Although Vendetta
Mining Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results or developments may differ materially from those in
forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements
include: the completion of the full exploration program for which the use of proceeds is geared toward,
the accuracy of exploration results, the accuracy of Mineral Resource Estimates, the anticipated
results of future exploration, the forgoing ability to finance further exploration, and general economic, market or business
conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on
their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor
disapproved the contents of this news release and as such, accepts no responsibility for the adequacy or accuracy of this
release.
