Caribou announces Share Consolidation

Press Release

September 12, 2014, VANCOUVER, B.C. – CARIBOU KING RESOURCES LTD. (“Caribou” or the “Company”) (TSX-V: CKR) (CB8–FRANKFURT) announces a proposed consolidation of its share capital on the basis of up to fifteen (15) existing common shares for one (1) new common share (the “Consolidation”). Currently, a total of 85,103,456 common shares in the capital of the Company are issued and outstanding. Accordingly, if put into effect on the basis of fifteen (15) existing common shares for one (1) new common share, a total of 5,673,563 common shares in the capital of the Company would be issued and outstanding following the Consolidation, assuming no other change in the issued capital.

The Consolidation will enhance the trading value of the common shares and facilitate new equity investment in the Company.

The Consolidation will affect all shareholders of the Company uniformly and affect all of the Company’s stock options and warrants issued and outstanding at the effective date. At the time of the Consolidation, the number, exchange basis or exercise price of all stock options and warrants issued and outstanding will be adjusted to reflect the Consolidation. The actual adjustment will be made by the Company in consultation with its advisors.

The Board of Directors of the Company will ask the shareholders of the Company to approve the Consolidation at its Annual General and Special Meeting of the shareholders to be held on Monday, November 10, 2014.

For more information, visit the website at www.caribouking.com.

ON BEHALF OF THE BOARD

Michael England, CEO, Caribou King Resources Ltd.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770

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