Fortune Minerals announces appointment of PWC as Financial Advisor to arrange NICO project financing

18 January 2017

• Lithium-ion battery demand for cobalt and supply chain concerns contribute to favorable financing environment

LONDON, ON, Jan. 18, 2017 /CNW/ - Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is pleased to announce the engagement of PricewaterhouseCoopers Corporate Finance Inc. ("PwCCF") as the Company's Financial Advisor to help secure financing for construction of the NICO Cobalt-Gold-Bismuth-Copper Project in Canada. PwCCF has a global network of more than 2,500 professionals across 60 countries to provide in-depth execution and expertise in cross border transactions and provide Fortune with the right blend of transaction experience, sector insight and local relationships to drive strategic objectives and create company value. The recent announcement of government funding for a public road to the community of Whati needed for mine operations, and the positive momentum in cobalt and gold markets, will allow the Company to proceed with financing construction of the project. NICO is a vertically integrated development comprised of a proposed mine and mill in the Northwest Territories and hydrometallurgical refinery in Saskatchewan where concentrates from the mine are planned to be processed to value-added metals and chemicals.

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