Stephen Dunn Acquires Ownership of Securities of Crown Mining Corp.

Toronto, Ontario / ACCESSWIRE / May 30, 2016 / Stephen Dunn of Toronto, Ontario, announces that he has indirectly acquired ownership and control of 550,000 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 May 10, 2019. The 550,000 Units were acquired at a price of $0.06 per Unit as part of a private placement of 3,465,666 Units by the Reporting Issuer (the "Offering").

Prior to the Offering, Mr. Dunn had beneficial ownership and control of an aggregate of 4,860,789 Shares, representing approximately 27.88% 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, 50,000 Options exercisable for 50,000 Shares at a price of $1.00 per Share until July 31, 2018 and 200,000 Options exercisable for 200,000 Shares at a price of $0.10 per Share until April 13, 2019, representing approximately 34.88% 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, 1,540,000 Warrants to purchase one additional Share at a price of $0.15 at any time prior to April 7, 2018 and 1,000,000 Warrants to purchase one additional Share at a price of $0.15 at any time prior to February 12, 2019, which represents approximately 44.48% of the outstanding Warrants.

Immediately following the Offering, Mr. Dunn has beneficial ownership and control of 5,410,789 Shares, which represents approximately 23.03% of the issued and outstanding Shares on a non-diluted basis, and beneficial ownership and control of 640,000 Options, which represents approximately 34.88% of the outstanding Options and 4,130,000 Warrants, which represents approximately 35.87% 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 10,180,789 Shares, representing approximately 36.01% 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:

• 834669 Ontario Ltd. ("834669"), owns 3,032,239 Shares, or approximately 12.90% of the issued and outstanding Shares on a non-diluted basis. 834669 also holds 1,960,000 Warrants, or approximately 17.02% of the outstanding Warrants; and

• Mr. Dunn is the registered owner of 2,378,550 Shares, or approximately 10.12% of the issued and outstanding Shares on a non-diluted basis. Mr. Dunn holds 640,000 Options, or approximately 34.88% of the outstanding Options. Mr. Dunn also holds 2,170,000 Warrants, or approximately 18.85% of the outstanding Warrants.

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 550,000 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:

Contact:

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



Source: 834669 Ontario Ltd. (A/K/A Stephen Dunn)