Stephen Dunn Acquires Ownership of Securities of Crown Mining Corp.

Toronto, Ontario--(Newsfile Corp. - March 3, 2017) - Stephen Dunn of Toronto, Ontario, announces that he has indirectly acquired ownership and control of 319,550 units ("Units") of Crown Mining Corp. (TSXV: 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 $0.20 at any time prior to February 28, 2019. The 319,550 Units were acquired at a price of $0.10 per Unit as part of a private placement of 2,200,000 Units by the Reporting Issuer (the "Offering").In addition, Mr. Dunn under his role as President and CEO of the Reporting Issuer, was granted 100,000 stock options exercisable for 100,000 common shares at an exercise price of $0.10 at any time prior to February 28, 2020 ("Options").

Prior to the Offering, Mr. Dunn had beneficial ownership and control of an aggregate of 5,410,789 Shares, representing approximately 20.81% of the issued and outstanding Shares on a non-diluted basis. Mr. Dunn also had beneficial ownership and control of 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 32.84% of the outstanding Options. In addition, Mr. Dunn had 1,540,000 Warrants to purchase one additional Share at a price of $0.15 at any time prior to April 7, 2018, 1,000,000 Warrants to purchase one additional Share at a price of $0.15 at any time prior to February 12, 2019 and 550,000 Warrants to purchase one additional Share at a price of $0.15 at any time prior to May 10, 2019, which represents approximately 28.18% of the outstanding Warrants.

Immediately following the Offering, Mr. Dunn has beneficial ownership and control of 5,730,339 Shares, which represents approximately 19.79% of the issued and outstanding Shares on a non-diluted basis, and beneficial ownership and control of 650,000 Options, which represents approximately 27.96% of the outstanding Options and 3,409,550 Warrants, which represents approximately 25.90% 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 9,789,889 Shares, representing approximately 29.66% 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 10.47% of the issued and outstanding Shares on a non-diluted basis. 834669 also holds 1,040,000 Warrants, or approximately 7.90% of the outstanding Warrants; and
• Mr. Dunn is the registered owner of 2,698,100 Shares, or approximately 9.32% of the issued and outstanding Shares on a non-diluted basis.Mr. Dunn holds 650,000 Options, or approximately 27.96% of the outstanding Options.Mr. Dunn also holds 2,369,550 Warrants, or approximately 18.00% 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 319,555 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