Canadian Premium Sand Inc. Closes on US $1 Million Non-Brokered Private Placement

Canadian Premium Sand Inc. announced that it has closed a non-brokered private placement. Pursuant to the placement, the company issued an aggregate of 3,572,000 common shares at a price of $0.28 per Common Share for gross proceeds of $994,060. After giving effect to the placement, the company will have 45,615,660 common shares issued and outstanding.

“We are delighted to welcome Equinox Partners, a U.S. based asset manager, as a large shareholder in the company. As a responsible steward of capital with a 25-plus year track record, Equinox Partners specializes in public companies that combine value and quality,” says Glenn Leroux, president and CEO of CPS.

The company paid no finder’s fees in connection with the placement. The proceeds will be used to fund key activities to progress the business plan, as well as for general working capital purposes.

The agreement is subject to the final acceptance of the TSX Venture Exchange. The Common Shares were distributed in reliance upon exemptions set forth in National Instrument 45-106 - Prospectus Exemptions. The Common Shares issued in the agreement are subject to a statutory hold period expiring Nov. 23.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended or any state securities laws and accordingly may not be offered or sold within the United States or to “U.S. persons,” as such term is defined in Regulation S promulgated under the U.S. Securities Act, except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company’s securities to, or for the account of benefit of, persons in the United States or U.S. Persons.