IsoEnergy Completes Amalgamation and Receives Conditional Listing Approval from TSXV

Overhead photo of IsoEnergy site. — Photo courtesy NexGen Energy

VANCOUVER, BC, Oct. 17, 2016 /CNW/ - IsoEnergy Ltd. ("IsoEnergy" or the "Company") is pleased to announce that it has completed its previously announced three-cornered amalgamation (the "Amalgamation") with Airesurf Networks Holdings Ltd. ("Airesurf") and has received conditional approval to list its common shares on the TSX Venture Exchange ("TSXV").

On October 7, 2016, the TSXV issued its conditional approval to the listing of IsoEnergy's common shares on the TSXV, as a Tier 2 Mining Issuer. Listing remains subject to the satisfaction of the TSXV's standard listing conditions. It is anticipated that IsoEnergy will be listed and commence trading on the TSXV under the symbol "ISO" on or about October 19, 2016. In accordance with the policies of the TSXV, 29,450,002 common shares, all held by NexGen Energy Ltd., are subject to a Tier 2 Value Escrow Agreement to be released in instalments over the ensuing 36 month period.

On October 13, 2016, a newly-formed wholly-owned subsidiary of IsoEnergy amalgamated with Airesurf under the Ontario Business Corporations Act to form IsoOre Ltd., a wholly-owned subsidiary of IsoEnergy. In connection with the Amalgamation, IsoEnergy issued an aggregate of 302,881 common shares to former shareholders of Airesurf, representing approximately 1% of the issued and outstanding common shares of IsoEnergy. The Amalgamation did not have any effect on the business or financial condition of IsoEnergy. With the completion of the Amalgamation, the Company will have 38,944,113 common shares issued and outstanding and no convertible securities, of which 29,450,002 common shares are held by NexGen Energy Ltd.

For a further description of the Amalgamation and the business, properties and capitalization of IsoEnergy please see the Listing Application (Form 2B) that will be filed on www.sedar.com, under IsoEnergy's profile.

The Company plans to use available funds to explore its Thorburn Lake Project and Radio Project, all as more particularly described in the Listing Application.

About IsoEnergy

IsoEnergy is a mineral exploration company that was incorporated under the laws of the Province of British Columbia as a wholly-owned subsidiary of NexGen Energy Ltd. ("NexGen") for the purpose of acquiring a portfolio of early stage mineral exploration properties from NexGen. The principal business activity of IsoEnergy is the acquisition and exploration of early stage mineral properties. IsoEnergy is focused primarily on the exploration of its Radio Project, in which it has an exclusive right to earn a 70% interest, and its 100% owned Thorburn Lake Project, in each case, located in the Athabasca Basin of Saskatchewan. IsoEnergy also holds a 100% interest in each of the Madison, 2Z, Carlson Creek and the Thorburn North property.

IsoEnergy is led and supported by an experienced executive management team and Board of Directors, all of whom have been or are also involved with NexGen and the discovery and development of its Rook 1 project, also located in the Athabasca Basin of Saskatchewan.

SOURCE IsoEnergy Ltd.