Scottie Resources Corp. (TSX-V: SCOT) (OTCQB: SCTSF) (FSE: SR8) is pleased to announce that it has entered into a financing arrangement with Franco-Nevada Corporation (TSX: FNV) (NYSE: FNV) whereby Scottie has agreed to sell a 2.0% gross production royalty to Franco-Nevada for C$8,100,000. The Royalty will apply to all minerals produced on Scottie’s claims in the Stewart Mining Camp in the Golden Triangle.

In addition, Franco-Nevada has agreed to purchase common shares of the Company comprising the entire back-end of an aggregate C$1,500,000 charity flow-through private placement at a price to flow-through subscribers of C$0.275 per flow-through common share of the Company.

President and CEO, Brad Rourke commented: “We are happy to welcome Franco-Nevada as a shareholder and stakeholder of Scottie. This transaction validates the progress we’ve made and recognizes the value opportunity present at Scottie. With the funding from Franco-Nevada and the proceeds raised from our January private placement, Scottie is in a strong financial position for future operations.”

The Private Placement remains subject to TSX Venture Exchange approval, and all securities issued in the Private Placement will be subject to a four-month hold period, during which time the securities may not be traded, other than pursuant to prospectus exemptions. The Company intends to use the gross proceeds raised from the Private Placement for exploration and related programs on the Company’s Scottie and Blueberry mineral properties. Further, each of the Royalty Transaction and the Private Placement remain subject to satisfaction of closing conditions customary for transactions of this nature.

ABOUT SCOTTIE RESOURCES CORP.

Scottie owns a 100% interest in the Scottie Gold Mine Property which includes the Blueberry Zone and the high-grade, past-producing Scottie Gold Mine. Scottie also owns 100% interest in the Georgia Project which contains the high-grade past-producing Georgia River Mine, as well as the Cambria Project properties and the Sulu property. Altogether Scottie Resources holds more than 60,000 hectares of mineral claims in the Stewart Mining Camp in the Golden Triangle.

The Company’s focus is on expanding the known mineralization around the past-producing mines while advancing near mine high-grade gold targets, with the purpose of delivering a potential resource.

All of the Company’s properties are located in the area known as the Golden Triangle of British Columbia which is among the world’s most prolific mineralized districts.