Columbine Valley Resources Inc. (TRXO)

[SeaOhToo]

On May 13, 2015, the Company entered into a Letter of Intent to purchase 16,100
net mineral acres located in Daniels County, Montana for a combination of cash,
debt, and equity totaling $7,000,000. The acreage would include 36 leases with
approximately a 24 months life and a net revenue interest of 80% with the right
to renew for 3 years.

The Letter of Intent provides for the parties to negotiate and enter into a
Purchase and Sale Agreement and for the transaction to close on or about July 25, 2015.