August 29, 2016

Karnalyte Resources Inc. – Director Elections

Saskatoon, SK (August 29, 2016) – Karnalyte Resources Inc. (“Karnalyte” or the “Corporation”) (TSX: KRN), confirms that all resolutions put to shareholders at Karnalyte’s annual and special meeting of shareholders (the “Meeting”) held on August 26, 2016 were duly passed, including the fixing of the number of directors at six, the election of directors, the appointment of auditors, and the approval of the unallocated stock options. A total of 16,044,902 common shares representing 58.2% of Karnalyte’s issued and outstanding common shares were represented by shareholders present in person or by proxy at the meeting.

All of the nominees listed in the management proxy circular for the Meeting were elected as directors of Karnalyte.

Detailed results of the vote for the election of directors held at the meeting are set out below:

Nominee % in favour

Robin L. Phinney 97.80

Henry Kerkhoven 98.28

Sokuen Sue Ng 98.45

Vishvesh D. Nanavaty 55.97

Sanjeev V. Varma 55.02

Mukund B. Purohit 55.54

The Corporation has filed a report of the results of resolutions voted on at the Meeting on www.sedar.com.

For further information, please contact:

Karnalyte Resources Inc.

1 (306) 986-1486

info@karnalyte.com

www.karnalyte.com

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