Stephen Dunn Acquires Ownership of Securities of Crown Mining Corp.

TORONTO, ON / ACCESSWIRE / March 4, 2016 / Stephen Dunn of Toronto, Ontario, announces that he has indirectly acquired ownership and control of 1,000,000 units ("Units") of Crown Mining Corp. CWM (the "Reporting Issuer"), with each Unit comprised of one common share in the capital of the Reporting Issuer (each, a "Share") and one Share purchase warrant (each, a "Warrant"), each such Warrant entitling the holder thereof to acquire one additional Share at a price of $0.15 at any time prior to February 12, 2019. The 1,000,000 Units were acquired at a price of $0.06 per Unit as part of a private placement of 2,000,000 Units by the Reporting Issuer (the "Offering").

Prior to the Offering, Mr. Dunn had beneficial ownership and control of an aggregate of 3,860,789 Shares, representing approximately 25.02% of the issued and outstanding Shares on a non-diluted basis. Mr. Dunn also had beneficial ownership and control of 90,000 stock options exercisable for 90,000 Shares ("Options") at a price of $1.00 per Share until December 31, 2016, 300,000 Options exercisable for 300,000 Shares at a price of $0.10 per Share until April 8, 2018 and 50,000 Options exercisable for 50,000 Shares at a price of $1.00 per Share until July 31, 2018, representing approximately 38.77% of the outstanding Options. In addition, Mr. Dunn had 1,040,000 Warrants to purchase one additional Share at a price of $0.30 at any time prior to June 30, 2016 and 1,540,000 Warrants to purchase one additional Share at a price of $0.15 at any time prior to April 7, 2018, which represents approximately 42.66% of the outstanding Warrants.

Immediately following the Offering, Mr. Dunn has beneficial ownership and control of 4,860,789 Shares, which represents approximately 27.88% of the issued and outstanding Shares on a non-diluted basis, and beneficial ownership and control of 440,000 Options, which represents approximately 38.77% of the outstanding Options and 3,580,000 Warrants, which represents approximately 44.48% of the outstanding Warrants.

Assuming the exercise of the Options and Warrants, the Mr. Dunn would directly and beneficially own and control an aggregate of 8,880,789 Shares, representing approximately 41.40% of the issued and outstanding Shares on a partially-diluted basis.

The details of Mr. Dunn's interests in the Reporting Issuer following the Offering are as follows:

Mr. Dunn is the ultimate sole beneficial shareholder of, and exercises complete voting control over, 834669.

The Shares, options and the Warrants directly and indirectly held by Mr. Dunn, including those underlying the 1,000,000 Units indirectly purchased by Mr. Dunn, are being held for investment purposes. In the future Mr. Dunn may, depending on market and other conditions, increase or decrease his beneficial ownership of securities of the Reporting Issuer.

The purchase of these Units by Mr. Dunn directly or indirectly were made under the "Accredited Investor" exemption contained in section 2.3 (1) of National Instrument 45-106 Prospectus and Registration Exemptions.

For further information or to obtain a copy of the relevant early warning report, please contact:

Stephen Dunn
834669 Ontario Ltd.
Telephone: (416) 822-3343

SOURCE: Stephen Dunn