Claim Post Resources Announces Filing of Independent NI 43-101 Report Prepared by P & E Mining Consultants Inc. on SEDAR

Claim Post Resources Announces Filing of Independent NI 43-101 Report Prepared by P & E Mining Consultants Inc. on SEDAR
  
 

TORONTO, ONTARIO--(Marketwired - Jun 20, 2014) - Claim Post Resources Inc. (TSX VENTURE:CPS) (the "Company") is pleased to announce that on June 13, 2014 it filed on SEDAR the independent NI 43-101 Technical Report and Resource Estimate on the Seymourville Silica Sand Project, prepared by P & E Mining Consultants Inc. ("P&E"), previously announced in the Company's press release of April 29, 2014. In P&E's opinion, the drilling and assaying of the Seymourville project supporting this resource estimate are sufficient to indicate reasonable potential for economic extraction and thus qualify it as a Mineral Resource under CIM definition standards. The mineral resources were classified as Inferred based on existing drill hole spacing.

The resulting resource estimate is summarized below:

Table 1.1 Mineral Resource Estimate Statement(1-4)
Tonnes	SiO2 (%)	Al2O3 (%)	Fe2O3 (%)
25,959,000	94.31	1.94	0.91

1. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
2. The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured mineral resource category.
3. The mineral resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council.
4. Preliminary screening at SGS labs in Lakefield Ontario indicates approximately 80% of the sand/clay matrix is in the frac sand size range of 20 to 140 mesh.

The President of Claim Post Resources, Charles Gryba, stated: "We are very pleased with the P&E being completed in a timely fashion and filed this week on Sedar. This report confirms that we have a very substantial silica sand resource in Manitoba. The next step in de- risking the project is contracting an independent Preliminary Economic Assessment in order that we can evaluate the potential economics of the project once the SGS - API testwork is completed. Based on the resources delineated in this report, and if one assumes a mine life of 20 years, we are now in a position to evaluate the economics of a mine - processing plant with a production capacity of around 1 million tonnes per year of frac sand. More drilling is planned to expand the resource as the historical drilling to date only covers about 20% of the project area."

Charles Gryba P.Eng. is the Company Qualified Person for this press release. Eugene Puritch, P.Eng. President of P&E Mining Consultants Inc. and an independent Qualified Person, has reviewed and approved the technical content of this press release.

Claim Post Resources Inc. is a Canadian based mineral exploration company and a reporting issuer in Ontario, Alberta and British Columbia. The Company is focused on becoming a leading provider of premium white silica sand proppant to oil operations in the Williston Basin (both the Canadian and U.S. sides of the Border), and to the entire Western Canadian Sedimentary Basin from its Seymourville Frac Sand Project, located 200 km northeast of Winnipeg, Manitoba. Claim Post also has mineral claims in the Timmins area for gold and base metal exploration. There are 118,019,160 common shares of the Company currently issued and outstanding.

Statements in this release that are forward-looking reflect the Company's current views and expectations with respect to its performance, business, and future events. Such statements are subject to various risks and assumptions, some, but not necessarily all, are disclosed elsewhere in the Company's periodic filings with Canadian securities regulators. Such statements and information contained herein represent management's best judgment as of the date hereof based on the information currently available; however actual results and events may vary significantly.

The Company does not assume the obligation to update any forward-looking statement. Neither 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.

Claim Post Resources Inc. Charles GrybaPresident and Director416-801-6366Claim Post Resources Inc. Peter GrybaCorporate Affairs416-203-3776www.claimpostresources.com