Damara Gold closes $250K private placement




News Release

DAMARA CLOSES NON-BROKERED PRIVATE PLACEMENT
August 31, 2017 TSX-V: DMR

DAMARA GOLD CORP. (TSX-V:DMR) (“Damara” or the “Company”), reports that it has completed the non-brokered private placement (the “Placement”) for 5,000,000 units (the “Unit”) at a price of $0.05 per Unit previously announced on August 3, 2017 for gross proceeds of $250,000. Each Unit consists of one common share and one common share purchase warrant (the “Warrant”). Each Warrant entitles the holder to purchase an additional common share of the Company at a price of $0.10 until August 31, 2020.

All securities issued in the Placement are subject to a statutory hold period ending January 1, 2018.

The Company confirms no finders’ fees were paid in connection with the Placement.

Proceeds from this financing shall be used for investigating project acquisitions and general corporate purposes.

About Damara

Damara Gold Corp. is a TSX Venture listed Canadian public company with a Board of Directors seasoned in the mineral exploration industry with extensive and successful international experience with a focus on identifying and acquiring prospective and under-explored gold properties worldwide.

ON BEHALF OF THE BOARD OF DIRECTORS OF DAMARA
“Larry Nagy”
Larry Nagy, Chief Executive Officer

For additional information visit Damara’s website at www.damaragoldcorp.com or contact:
Damara Gold Corp.
Larry Nagy
Chief Executive Officer or
Terese Gieselman
Chief Financial Officer
Ph: (250-768-0009)

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