Churchill Resources Inc. announced that it has exercised an existing option to acquire a 100% interest in certain mineral properties with prospective diamond targets plus potential nickel and lithium targets located immediately west of the town of White River, Ontario. A subsidiary of the Company entered into an option agreement on February 9th, 2017 with Rudolph Wahl and Frederick Lowndes to acquire a 100% interest in the Properties, subject to a 2.0% net smelter royalty on metals and minerals and a 3.0% gross over-riding royalty ("GOR") on diamonds found on the Properties in favour of the Vendors. The Company may buy back 1.0% of the NSR for $1.0 million and 1.5% of the GOR for $2.0m, and retains the first right to the remaining royalties.

The Vendors recently transferred 816 mineral claims to Churchill's subsidiary, Churchill Diamond Corporation, bringing the total property to 1,224 claims that comprise Churchill's White River Project with an area of 28,700ha. Since entering into the Option Agreement, the Company has issued an aggregate of 2,850,000 common shares to the Vendors and incurred the required cumulative exploration expenditures in connection with the Properties. Churchill carried out one season of exploration on the project in 2017 since entering into the Option Agreement.