Newrange Gold Closes $1,545,110 Financing

VANCOUVER, BC--(Marketwired - May 05, 2017) - Newrange Gold Corp. ("Newrange" or the "Company") (TSX VENTURE: NRG) (OTC PINK: CMBPF) (FRANKFURT: X6C) is pleased to announce it has closed the second and final tranche of the previously announced non-brokered private placements, subject to TSX Venture Exchange approval. The first tranche consisted of 2,990,366 units at a price of $0.30 per unit and gross proceeds of $897,110 and the second tranche consisted of 2,159,999 units at $0.30 per unit for gross proceeds of $648,000. In total, the Company issued 5,150,365 units for gross proceeds of $1,545,110. Shares will be subject to the mandatory 4 month hold period.