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To: Goose94 who wrote (16421)	3/16/2016 5:43:09 PM
From: Goose94	Read Replies (1) of 202925

Belo Sun Mining (BSX-T) March 16, '16 has closed the C$6.19 million private placement financing with Agnico Eagle Mines (AEM-T) announced on March 10, 2016. As a result of the transaction, Agnico Eagle owns a total of 74.18 million shares, or 19.95%, of Belo Sun's issued and outstanding shares on a non-diluted basis. The common shares issued pursuant to the private placement are subject to a statutory four-month hold period. As part of the agreement, Agnico Eagle will continue to have a right to participate in future equity offerings by the Company in order to maintain its pro-rata investment in the Company. Furthermore, Agnico Eagle continues to have the right to nominate one person to the board of directors of the Company, which it has not exercised. Belo Sun intends to use the proceeds of the transaction to advance the detailed engineering and development of the Volta Grande Project and for general working capital purposes. About the Company Belo Sun Mining Corp. is a Canadian-based mineral exploration and development company with a portfolio of gold-focused properties in Brazil. The Company is currently focused on advancing its 100%-owned Volta Grande Project to construction. Belo Sun trades on the Toronto Stock Exchange under the symbol "BSX". For more information about Belo Sun please visit www.belosun.com. Belo Sun Mining Corp. 416-861-1685 www.belosun.com

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