Vancouver, British Columbia--(Newsfile Corp. - June 28, 2018) - Deer Horn Capital (CSE: DHC) (OTC: GODYF) has announced a
non-brokered private placement. The company plans to raise up to $400,000 through the placement of up to 800,000 units at a price
of $0.50 per unit, with each unit consisting of one share and one-half a warrant, with each full warrant exercisable at $0.60 for
24 months.
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Deer Horn Capital is exploring and developing the Deer Horn Property, a gold-silver-tellurium deposit in west-central British
Columbia, is located 135 kilometres southwest of the community of Burns Lake and 36 kilometres south of the Huckleberry mine.
The company has produced positive economics in a Preliminary Economic Analysis and, to management's knowledge, hosts Canada's
only NI 43-101 tellurium resource. The PEA noted important porphyry-style occurrences of both copper and tungsten at the Company's
51 square-kilometer Deer Horn property, in addition to the gold-silver-tellurium resource reported on June 6th.
Tyrone Docherty, President and CEO, stated: "Economic porphyry deposits are in great demand worldwide. That's why one of our
priorities is to gain more information about these discoveries at Deer Horn. Certainly, the metals and the geological settings
discovered to date justify a lot more exploration. While our primary focus is to develop our gold-silver-tellurium resource, the
porphyry targets are generating a lot of interest. The Deer Horn property is emerging as a very valuable, multi-target project that
warrants extensive exploration and follow-up. Truly, if all we had on the property was the tungsten we'd be thrilled. But we have
an abundance of exceptional opportunities. We're now working with our geological teams to design an exploration program that will
evaluate all these targets."
For more information, please visit the company's website at www.deerhorncapital.ca,
contact Tyrone Docherty, President and CEO, at 604-789-5653 or email tyrone@deerhorncapital.ca. Investor relations is handled by Craig Doctor, who can be reached
at 604-278-4656 or by email at craig@DocsConsultingltd.com.
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