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ROYAL ROAD COMMENCES OFFER FOR OUTSTANDING SHARES OF CAZA GOLD

 

Royal Road Minerals Ltd. (RYR.V) has formally commenced an offer to the shareholders of Caza Gold Corp.(CZY.V) to acquire all of the issued and outstanding common shares of Caza in exchange for ordinary shares of Royal Road. Holders of Caza Shares that accept the Offer will receive 0.16 of a Royal Road Share in exchange for each Caza Share acquired by Royal Road Minerals under the Offer.

THE OFFER WILL BE OPEN FOR ACCEPTANCE UNTIL 11:59 P.M. (PACIFIC TIME) ON FEBRUARY 27, 2017 UNLESS THE OFFER IS EXTENDED OR WITHDRAWN BY ROYAL ROAD MINERALS.

Caza has determined, and hereby states that the initial deposit period for the Offer shall be for a minimum period of 35 days commencing on January 20, 2017, the date of the Offer, and this news release constitutes a "deposit period news release", as contemplated under applicable Canadian securities laws in this regard.

Today, Royal Road Minerals will mail the Offer and take-over bid circular (collectively, the "Bid Circular"), and the related letter of acceptance and transmittal and notice of guaranteed delivery (collectively, the "Offer Documents") to Caza's shareholders (the "Caza Shareholders"), registered holders of convertible securities of Caza and other persons who are entitled to receive those documents under applicable laws. Included in the mailing to Caza shareholders is Caza's directors' circular, also dated January 20, 2017.

The board of directors of Caza has unanimously determined that the Offer is fair to Caza shareholders and in the best interest of Caza and Caza's shareholders and unanimously recommends that Caza's shareholders accept the Offer and deposit their Caza Shares to the Offer.