News

DECADE CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FINANCING

Decade Resources Ltd. (the “Company”) is pleased to announce that it has closed a first tranche of its previously announced non-brokered private placement. A total of 4,000,000 non-flow-through units were issued at the price of $0.09 per unit to raise $360,000. Each Unit consists of one common share of the Company and one transferable common share purchase warrant. Each Warrant entitles the holder to purchase, for a period of 24 months, one additional common share of the Company, at a price of $0.115 per share. The warrant exercise price, as disclosed in the November 20, 2014 news release at $0.10, was changed to $0.115.

A finder’s fee of $28,800 was paid in cash and 320,000 finder’s units issued in respect to the first tranche of the financing. Each finder’s unit consists of one common share of the Company and one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase, for a period of 24 months, one common share of the Company at a price of $0.115.

All of the shares and warrants, and any shares issued upon exercise of the warrants comprising the units, are subject to a hold period and may not be traded in Canada until April 17, 2015, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.

The proceeds for the private placement will be used for working capital purposes.

FLOW-THROUGH PRIVATE PLACEMENT TERMS AMENDED

Further to the Company’s news release of November 20, 2014 announcing a private placement of flow-through and non-flow-through units, the price of the flow-through units has been changed from $0.13 to $0.10 per flow-through unit. All other terms of the flow-through units remain the same.

BY ORDER OF THE BOARD OF DIRECTORS OF DECADE RESOURCES LTD

“Randolph Kasum”
Randolph Kasum,
Director

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.