Valparaiso Energy Inc. Announces Results from Its Annual General and Special Meeting

Calgary - Valparaiso Energy Inc. (“Valparaiso” or the “Company”) (NEX:VPO.H) is pleased to announce that all resolutions presented at the Company’s annual general and special meeting held on December 12, 2016, including the appointment of directors, the appointment of MNP LLP as auditors, the approval of the Company’s stock option plan, the approval of a change of name of the Company from “Valparaiso Energy Inc.” to “Catalina Gold Corp." (the “Name Change”) and the approval of the continuation (the “Continuation”) of the Company under the Business Corporations Act (British Columbia) from Alberta were approved by the shareholders of the Company with 99% of the votes cast by shareholders in favour of all proposals.

The directors elected to serve for the ensuing year are Marc Branson, Jeremy Ross and Mark Lawson.

The Company intends to complete the Continuation and the Name Change in the coming weeks. The new website for the corporation will be catalinagold.ca, which currently hosts a video description of the previously announced Yurani mill acquisition.

“We are pleased with the progress and would like to thank all the shareholders for their continued support” stated Marc Branson, President.



FOR FURTHER INFORMATION PLEASE CONTACT:

Marc Branson
Valparaiso Energy Inc.
Tel: (778) 819 0383
Email: marc@bridgemarkcapital.ca



Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Except for statements of historical fact, this news release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” “can” and other similar words, or statements that certain events or conditions “may” occur. Although Valparaiso Energy Inc. believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.