Iron Creek Completes $5,587,420 Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 17, 2014) -

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Iron Creek Capital Corp. (TSX VENTURE:IRN) ("Iron Creek" or the "Company") is pleased to announce that it is has completed its previously announced non-brokered private placement financing by raising $5,587,420 from the issuance of 26,606,762 units at the post-share consolidation price of $0.21 (the "Units"). The placement was oversubscribed by more than $587,000.

Each Unit consisted of one post-consolidation common share (a "Share") and one non-transferable share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one additional Share for a period of five years at $0.31 in the first three years and $0.42 in the last two years. After the expiry of the four month restricted resale period on August 17, 2014, the Company will accelerate the Warrant expiry date if the closing market price of the Shares on the TSX Venture Exchange for a period of 20 consecutive trading days is $0.45 or greater during the first three years of the warrants, or $0.60 or greater during the last two years of the warrants (in both cases, an "Acceleration Triggering Event"), by issuing a news release and giving written notice of acceleration to the Warrant holders within two trading days of the Acceleration Triggering Event. The new Warrant expiry date shall be 21 trading days after the date of the Acceleration Triggering Event.

Finders' fees were paid on a portion of the placement. The finders' fees consisted of 927,014 Units (6% of the Units sold to investors introduced by finders), and non-transferable broker warrants to purchase 927,014 Shares (6% of such Units sold to investors). The broker warrants have the same terms as the Warrants.

The Shares, and any Shares issued on the exercise of the Warrants or broker warrants, are subject to a restricted resale period under Canadian securities law and, for investors that are insiders, TSX Venture Exchange ("TSXV") policy until August 18, 2014.

Of the total Units issued, insiders of the Company purchased an aggregate of 4,067,143 Units, which constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 and TSXV Policy 5.9 (together, the "Policies"). The Company's board of directors has determined that exemptions from the formal valuation and minority approval requirements under the Policies are available.

Iron Creek intends to use the new funds raised to pursue a number of business opportunities that have been identified, as well as for general corporate purposes.

About Iron Creek

Iron Creek Capital Corp. is a Vancouver-based exploration company focused on the acquisition and exploration of world-class mineral systems in Chile. The Company has assembled a portfolio of exploration projects prospective for gold, silver and copper mineralization. The Company currently controls more than 60,000 hectares of exploration tenement along proven mineral belts, and is advancing several precious metals and copper projects including the wholly owned Las Pampas project, currently optioned to Kinross, and the T4 and Magallanes projects.

ON BEHALF OF THE BOARD

Timothy J. Beale, President

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement

Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Iron Creek Capital Corp. Actual results may differ materially from those currently anticipated in such statement.