Cougar Minerals Corp. Closes Sale of Rice Lake Claims to San Gold

October 17, 2013 - Cougar Minerals Corp. - TSX-V: COU ("Cougar" or the "Company") is pleased to announce that it has closed effective today its previously announced sale to San Gold Corporation ("San Gold") of a 100% interest in 20 mineral claims (the "Mineral Claims") representing approximately 3,117 hectares of land in the Rice Lake gold belt. San Gold paid Cougar a total consideration of 400,000 shares of San Gold and $125,000 cash.

San Gold and Cougar were parties to an option agreement dated June 14, 2011 (the "Option Agreement") by which San Gold had an option to acquire 80% of the Mineral Claims in consideration for certain exploration expenditures on the Mineral Claims and the purchase of certain securities of Cougar. The purchase and sale agreement to sell the Mineral Claims to San Gold has replaced the Option Agreement and the Option Agreement has terminated and is no longer in effect.

The closing of the sale of the Mineral Claims is subject to approval of the Toronto Stock Exchange in the case of San Gold.

COUGAR MINERALS CORPORATION

For more information, please contact:

Cougar Minerals Corporation

Murray Nye, President/CEO

[phone]

www.cougarminerals.com

s/ "Murray Nye "

Murray Nye

President

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