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Granada Gold Mine announces Earlier Dates for Dividend Payments ROUYN NORANDA, QC, Feb.

7, 2017 /CNW/ Granada Gold Mine Inc. (TSX V: GGM) (OTCPK: GBBFF) (Frankfurt: B6D) (the "Company" or "Granada") announces that it is amending its dividend payments schedule such that future Castle Silver Resources Inc. ("Castle") unit dividends will be issued annually on February 27, 2017, February 27, 2018 and February 27, 2019 to Granada's shareholders, subject to TSX Venture Exchange approval. The Company previously announced that it was distributing pro rata, 10,000,000 Castle units received pursuant to a share purchase agreement with Castle (formerly Takara Resources Inc.), subject to certain restrictions, to its shareholders in increments of 2,500,000 annually on April 26, 2016, 2017, 2018 and 2019. On April 26, 2016, the Company distributed 2,500,000 Castle units to its shareholders. A follow up news release will be disseminated setting out the ex dividend date, holder of record date and distribution date for the 2,500,000 Castle units to be issued to Granada's shareholders on February 27, 2017. Granada Gold Mine Inc. (formerly Gold Bullion Development Corp.) is developing the Granada Gold Property near Rouyn Noranda, Quebec. The property includes the former Granada gold mine which produced more than 50,000 ounces of gold in the 1930s with an average grade of 0.28 ounce per ton (9.6 grams per tonne) before a fire louis vuitton bracelet gold destroyed the surface louis vuitton purses types buildings. The highly prolific Cadillac Trend fake louis vuitton purses vs real cuts through the north part of the property. The Cadillac Trend has been the source of more than 50 million ounces of gold produced in the past century on a line running from louis vuitton damier graphite briefcase Val d'Or to Rouyn Noranda. Frank J. Basa P. Eng. President and Chief Executive Officer Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forwardlooking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forwardlooking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.


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