Comstock Confirms Review of Proposed Share Sale

VANCOUVER, BC--(Marketwired - September 05, 2017) - Comstock Metals Ltd. (TSX VENTURE: CSL) ("Comstock" or the "Company") announced today that it is reviewing the offer made by SJ Strategic Investments, LLC, Gracetree Investments, LLC, Gregory Asset Partners, LLC and the Gregory Irrevocable Equalizing Trust, acting jointly (collectively the "Syndicate"), to purchase 20,000,000 common shares of Comstock that are directly or indirectly owned by Select Sands Inc. at a price of CDN$0.1475 per Offered Share, or an aggregate of CDN$2,950,000.