Toronto, July 20, 2018 – Crystal Peak Minerals Inc. (“Crystal Peak” or the “Company”) (TSXV: CPM, OTCQX: CPMMF) is pleased to announce that it has entered into a convertible loan agreement dated July 19, 2018 (the “Loan Agreement”) with EMR Capital Investment (No. 5B) Pte. Ltd., an affiliate of EMR Capital Resources Fund 1, LP, its largest shareholder. Pursuant to the Loan Agreement, EMR has agreed to lend Crystal Peak up to US$10,000,000.00 in two tranches (the “Loan”). In addition, the closing of the first tranche of the Loan was completed in the amount of US$5,000,000.00.