Metaform Investments Mining LP Acquires Units of Toachi Mining Inc.

TORONTO, April 16, 2018 — Metaform Investments Mining LP (the “Acquiror”), is pleased to announce that on April 13, 2018, it acquired 3,333,334 units (the “Units”) of Toachi Mining Inc. (“Toachi”), a Canadian mining and resource company, as part of the Toachi’s non-brokered private placement announced as of the date hereof (the “Private Placement”). The Units were acquired by the Acquiror as part of the Private Placement in which a total of 20,000,000 Units were issued by Toachi. Total consideration paid by the Acquiror for ownership of its 3,333,334 Units was $500,000.10.
Each Unit was priced at CAD $0.15 and was comprised of one Common Share of Toachi and one half Common Share purchase warrant (a “Warrant”), with each whole Warrant entitling the holder to purchase one Common Share of Toachi at a price of CAD $0.17 within the 24-month period following the closing date of the Private Placement.Immediately prior to the closing of the Private Placement, the Acquiror owned or controlled, directly and indirectly through Jonathan Carter Goodman, 10,468,000 Common Shares, 500,000 warrants and 450,000 options of Toachi, representing 17.11% of the then issued and outstanding Common Shares, or 18.38% on a partially diluted basis if all of the warrants and options were exercised.The acquisition of 3,333,334 Units increased the Acquiror’s direct and indirect share ownership or control to 13,801,334 Common Shares, representing approximately 17.00% of the then issued and outstanding Common Shares, or 19.60% on a partially diluted basis if all of the acquired Warrants and the previously owned warrants and options were exercised.The Acquiror acquired the Units for investment purposes only. The Acquiror may, from time to time, as market conditions and other circumstances warrant, take such actions in respect of its holdings in securities of the Issuer, as it may deem appropriate, in light of the circumstances then existing, including the increase its beneficial ownership, control or direction over Toachi securities through market transactions, private agreements, treasury issuances, exercise of options, convertible securities or otherwise or the disposition of all or a portion of their security holdings in the Issuer, subject in each case to applicable securities laws and the terms of such securities. The Common Shares of Toachi are listed on the TSX Venture Exchange under the symbol “TIM”.The Acquiror is a mining investment holding located at 1 Adelaide Street East, Suite 2100, Toronto, Ontario, M5C 2V9 and organized under the laws of Ontario. For further information please contact Talia Shewchuk, Executive Assistant, by e-mail at [email protected] or by telephone at (416) 365-2428. Toachi’s head office is located at 120 Adelaide Street West, Suite 2400, Toronto, Ontario, M5H 1T1.FOR ADDITIONAL INFORMATION PLEASE CONTACTAlain Bureau
President and CEO
Candace Di Vito
Manager, Investor Relations
Telephone: 416 365 7043
Email: [email protected]
Neither 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.

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About the Author: Bob Cooper

Bob Cooper is Canadian Business Tribune''s senior editor. He is also a nationally syndicated newspaper columnist and a bestselling author. He lives in London Ontario and covers the intersection of money, politics and finance. He appears periodically on national television shows and has been published in (among others) The National Post, Politico, The Atlantic, Harper’s, Wired.com, Vice and Salon.com. He also has served as a journalist and consultant on documentaries for CBC and Global News . In 2014, he was the winner of the Society of American Business Editors and Writers' investigative journalism award, and the winner of the Izzy Award for Journalism from Ithaca College's Park Center for Independent Media. He was also a finalist for UCLA's Gerald R. Loeb Award and Syracuse University's Mirror Award. Before becoming a journalist in 2006, Sirota worked in Washington for, among others, U.S. Rep. Bernie Sanders, the U.S. House Appropriations Committee Minority Staff and the Center for American Progress.

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