VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 16, 2018) - The Pacific Road Resources Funds (“PRRF“) announce that PRRF has entered into a transaction agreement (the “Transaction Agreement“) with Xtierra Inc. (“Xtierra” or the “Corporation“) pursuant to which, subject to the satisfaction of certain conditions, Xtierra would issue an aggregate of 18,442,721 common shares in the capital of Xtierra (“Common Shares“) at a deemed issue price of C$0.05 per Common Share in satisfaction of the outstanding secured promissory notes payable by Xtierra to PRRF (“Notes“). In addition, Xtierra has agreed to use commercially reasonable efforts to identify purchasers for an aggregate of 50,000,000 Common Shares from PRRF for an aggregate purchase price of C$1,000,000 (or C$0.02 per Common Share), which share purchase would occur concurrently with the conversion of outstanding Notes.

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