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Olivut Resources Supplies Exploration and Funding Update

February 28, 2014

Olivut Resources provided a funding update.

According to a release, the terms of the Securities Purchase Agreement (the "Agreement") dated March 12, 2013, between The Canadian Special Opportunity Fund, L.P. ("CSOF") and Olivut provide the flexibility to alter tranche financing based on cash flow requirements and current market conditions. Therefore, in order to avoid unnecessary dilution at current stock prices Olivut has not requested additional funding at this time and accordingly, pursuant to the terms of the Agreement, CSOF has agreed to postpone the next cash advance.

Olivut is a diamond exploration company.

More Information:

www.olivut.com

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