Heatherdale Closes Private Placement

VANCOUVER, Feb. 27, 2017 /CNW/ - Heatherdale Resources Ltd. ("Heatherdale" or the "Company") (TSXV: HTR) announces that it has closed a unit ("Unit") private placement (the "Private Placement") consisting of 25.9 million Units for gross proceeds of approximately $1.3 million.Each Unit consists of one common share in the capital of the Company (a "Share") and one warrant (a "Warrant"). Each Warrant entitles the holder to purchase one additional Share at a price of $0.07 for a period of two years from the date of closing. Finder's fees of 6% have been paid.

About Heatherdale

Heatherdale Resources Ltd. is focused on advancing the Niblack Project, a copper-gold-zinc-silver mine development opportunity in southeastern Alaska.

On behalf of the Board of Directors
Scott Cousens
Chairman

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.

SOURCEHeatherdale Resources Ltd.

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