Voyageur Minerals closes $237K second tranche of private placement

News Release

VOYAGEUR CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT

Calgary, Alberta: December 5 , 2017 –Voyageur Minerals Ltd. (TSXV-VM) (the “Company” or “Voyageur”) announces that it has closed the second tranche of a non –brokered private placement of 3,164,752 units of the Company (“Units”) at a price of $0.075 per unit for an aggregate gross proceeds of $237,356 (the “Private Placement”).

Each Unit is comprised of one common share in the capital of Voyageur (“Common Share”) and one Common Share purchase warrant (“Warrant”). Each Warrant will be exercisable for one Common Share at a price of $0.15 per share for a period of 24 months from the date of closing. The Warrant also contains an acceleration clause where-in if the Common Shares trade $0.18 for 10 days the Company has the right to accelerate the expiration date upon 30 days’ notice to the holders.

The Company has paid aggregate commissions of $8,160 and issued 108,800 Warrants to certain arm’s-length dealers in the connection with the Private Placement. Net proceeds from the Private Placement will be used to meet the Company’s commitments under its work program and for general working capital purposes.

The securities issued pursuant to the Private Placement will be subject to a four month hold period expiring April 6, 2018. Following closing of the Private Placement, the Company will have 42,495,972 Common Shares issued and outstanding. The Private Placement is subject to the submission of final documentation and final approval of the TSX Venture Exchange.

The Company is also pleased to announce that Mr. Brent Willis has agreed to become a director. Mr. Willis brings a wealth of knowledge of the Barite Business.

Mr. Willis has over 25 years of experience successfully managing Canadian and international projects in the mining industry. Mr. Willis has a degree in petroleum engineering and has extensive experience in the mining, processing, and marketing of barite. He is the current COO of Voyageur Industrial Minerals Ltd. Mr. Willis has also been involved in the discovery of two barite projects which were brought into production. Brent has experience in the drilling fluid industry.

The Company also announced that is has issued 3,979,441 options exercisable at $0.10 per share to directors, officers and consultants pursuant to its incentive stock option plan.

About Voyageur Minerals

Voyageur is a Calgary based company which owns 100% interest in three Barium Sulfate (“Barite”) deposits including two properties suitable in grade for the industrial barite market place, and interests in a high grade lithium brine project in Utah, USA.

Voyageur’s business plan is to develop its barite deposit at Frances Creek, BC, Canada, for potential near term cash flow, while it continues exploration for critical and strategic minerals.

For further information, please contact:
John Rucci
President & CEO
(403) 383‐8588
john.rucci@gmail.com

Brent Willis
Chief Operating Officer
(587) 779‐6166
brent@voyageurminerals.ca

Steven R. Livingston
(403) 471‐1659
VP Finance
steve@voyageurminerals.ca