January 6, 2017 Vancouver, BC -- Heatherdale Resources Ltd. ("Heatherdale" or the "Company") (TSXV: HTR) announces that the Company will be issuing common shares to redeem its convertible debenture with Sino Canada Natural Resources Fund I (the "Debenture").

Pursuant to the amended agreement announced in the Company's December 24, 2014 news release, the Debenture is redeemable in cash or shares at a price of C$0.20 per share for an amount equal to the principal amount of the Debenture plus accrued unpaid interest up to the maturity date. The Company has elected to satisfy its obligation to pay all of the redemption price by issuing 15,200,000 shares, including 15,000,000 shares for the principal portion of C$3,000,000 and 200,000 shares for the outstanding interest up to the Maturity Date of December 31, 2016.

About Heatherdale

Heatherdale Resources Ltd. is focused on advancing its mine development opportunity at the Niblack Project in southeastern Alaska. For more information on Heatherdale, visit the Company's website at www.heatherdaleresources.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.

On behalf of the Board of Directors
Mark Peters
Chief Financial Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This release includes certain statements that may be deemed "forward-looking statements". Forward looking statements include statements with respect to the Loan, grants of security and issuance of securities contemplated by this release and the likelihood that such transaction will complete, and the Company's ability to repay the Loan or any of its debts or liabilities that are now or hereafter become due for payment. All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward-looking statements. Although the Company believes the expectations expressed in forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. There is no certainty that the Company will be able to repay the Loans or any other outstanding debt or liability of the Company in a timely manner or at all. Assumptions used by the Company to develop forward-looking statements include the following: the Niblack project will obtain all required environmental and other permits and all land use and other licenses, studies and exploration of the Niblack project will continue to be positive, and no geological or technical problems will occur. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, potential environmental issues or liabilities associated with exploration, development and mining activities, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.