DLV Resources Ltd. announces $3.2 million financing

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TSXV – DLV.H

VANCOUVER, Jan. 8, 2018 /CNW/ - DLV Resources Ltd. ("DLV" or the "Company") (TSXV – DLV.H) is pleased to announce a fully subscribed non-brokered private placement of up to 40 million Units (the "Unit") at a price of $0.08 per Unit for proceeds of $3,200,000. The private placement is subject to approval from the TSX Venture Exchange.

Each Unit will consist of one common share of the Company and one common share purchase warrant of the Company (a "Warrant"). Each Warrant will entitle the holder thereof to acquire one common share of the Company at an exercise price of $0.11 for a period of 12 months from the date of issuance. Proceeds will be used for general working capital.

ON BEHALF OF DLV RESOURCES LTD.

"Geir Liland"

Geir Liland,
Chief Executive Officer

Neither the 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.

SOURCE DLV Resources Ltd.

Jasvir Kaloti, CFO & Corporate Secretary, Tel: [phone]