Gold Mountain Mining Corp. (TSX.V: GMTN) is a BC based exploration and development company focused on developing their 100% owned Elk Gold Project, a past producing gold mine located 57 Km from Merritt, BC. The project is 2km off Highway 97C, and is accessible via an all seasoned gravel road.

Gold Mountain Mining (TSXV:GMTN) is pleased to announce that it has entered into an engagement letter with Canaccord Genuity Corp. and Gravitas Securities Inc. in connection with a private placement of up to 5,155,000 units of the Company at a price of $0.97 per Unit for gross proceeds to the Company of $5,000,350. Each Unit consists of one common share of Gold Mountain and one-half of one Common Share purchase warrant. Each Warrant will be exercisable to acquire one Common Share at a price of $1.25 for 36 months from the closing date of the Offering.

In addition, the Company has received an institutional lead order from Crescat Capital LLC. A Participation Right granted by Gold Mountain will provide Crescat the Right to purchase in future offerings of equity securities, or debt securities convertible into equity securities of the Company, the number of such securities necessary to enable the Subscriber to maintain the aggregate ownership percentage of the issued and outstanding common shares of the Company immediately prior to the closing of such future offering.

The Company intends to use the proceeds from the Offering to advance the Elk Gold Project as well as for working capital and general corporate purposes.

ABOUT CRESCAT

Crescat is a global macro asset management firm. Our mission is to grow and protect wealth over the long term. We deploy tactical investment themes based on proprietary value-driven equity and macro models. Our goal is industry leading absolute and risk-adjusted returns over complete business cycles with low correlation to common benchmarks. We apply our investment process across a mix of asset classes and strategies to assist with each client’s unique needs and objectives:

Crescat Global Macro Hedge Fund: Our flagship hedge fund invests long and short around the world to take advantage of opportunities in any asset class. The strategy exploits both cyclical and secular macro themes throughout global equity, commodity, currency, and fixed income markets.

Crescat Long/Short Hedge Fund: The cure for the common index fund. Guided by Crescat’s fundamental stock-scoring model and macro themes, our equity-only hedge fund seeks to deliver alpha from long and short stock picking combined with intrepid navigation of the business cycle. This fund can be tactically net short in highly overvalued markets ahead of and during probable bear markets.

Crescat Precious Metals Fund: The fund is dedicated to activist positions in the precious metals mining industry. The manager navigates the cycle for gold and silver primarily through long-oriented exposures but may also employ shorts and modest leverage. The investment objective is long term capital appreciation with low correlation to the S&P 500 Index.

Crescat Large Cap SMA: An actively managed portfolio of global large cap equities. Crescat’s longest running strategy has outperformed the S&P 500 over the long term through multiple business cycles. It is a long-only, separately managed account (SMA) strategy. In extreme times, this strategy can hold up to 50% cash and precious metals to protect against expected macro downturns.

Crescat Precious Metals SMA: A core macro asset class for a variety of economic conditions. Offers strong appreciation potential during both inflationary and recessionary environments. We navigate the precious metals cycle through this long-only SMA strategy focused on a well-researched portfolio of global all-cap gold and silver mining equities. Precious metals securities offer healthy long-term total return prospects with low correlation to more highly trafficked asset classes.

*Disclaimer: Gold Mountain Mining Corp. is a marketing client

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