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NEWS RELEASE

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, British Columbia, October 31, 2016 – Tearlach Resources Ltd. (“Tearlach” or the “Company”) In accordance with TSX Venture Policy 2.5, the Company has not maintained the requirements for a TSX Venture Tier 2 company.  Therefore, effective at the opening on Tuesday, November 1, 2016, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX.

Charles Ross
Director

TEARLACH RESOURCES LTD.

Suite 2300 – 1177 W. Hastings Street
Vancouver, BC, Canada V6E 2K3
Tel: 604.688-5007
Fax: 604.909-4682

Neither the TSX Venture Exchange nor its Regulation Service provided (as that term is defined in the polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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