3 August 2016
Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) today announced that its board of directors has approved an extension of the expiry date of the outstanding 3,333,333 unlisted common share purchase warrants originally issued on August 18, 2014 (the "Warrants") from August 18, 2016 to August 18, 2017. The exercise price of the Warrants remains unamended at $0.40 and no other changes will be made to the terms of the Warrants. The volume-weighted average trading price of the Company's common shares on the Toronto Stock Exchange (the "TSX") for the five-trading-day period ending August 2, 2016 is $0.10525.