Select Sands Announces Closing of Debenture Financing

VANCOUVER, BRITISH COLUMBIA – Nov. 20, 2014 – Select Sands Corp. (“Select Sands” or the “Company”) (TSX VENTURE:SNS) is pleased to announce that, subject to final approval, it closed its non-brokered private placement of convertible debentures (the “Debentures“) in the principal amount of $595,000. The principal amount of the Debentures will bear interest at 15% per annum, compounded quarterly not in advance with the principal amount of the Debentures payable on May 19, 2016 (the “Maturity Date“).

Subject to an early conversion (the “Early Conversion“) of the principal amount of the Debentures, on the Maturity Date, the principal amount of the Debentures will be automatically converted into units (the “Principal Units“) of the Company at a conversion price of $0.15 per Principal Unit; and, provided that the Early Conversion has not occurred, all accrued interest on the Debentures will be automatically converted into common shares (the “Interest Shares“) of the Company at a conversion price equal to the applicable market price (as determined pursuant to the policies of the Exchange) of the common shares on the Maturity Date. In the case of Early Conversion, interest will not be paid.

Upon conversion, each Principal Unit will be comprised of a common share of the Company and a full warrant exercisable into a common share at an exercise price of $0.15 per share from issuance.

In connection with the private placement, the company paid an aggregate of $37,000 in finder’s fees and issued an aggregate of 246,346 broker warrants to arm’s length third-party finders. Each broker warrant is exercisable to acquire one common share of the Company at $0.15 until May 19, 2016.

The securities issued will be subject to a 4 month hold period expiring on March 19, 2015.

About Select Sands Corp.

Select Sands is a Vancouver-based resource growth and development company. The company recently has entered into a binding letter of agreement for an option to acquire a 100% undivided right, title and interest in an approximately 520-acre prospective Tier 1 frac sand property located in northeast Arkansas, USA. The property is next to a major highway; power line is on the property and a rail-line is nearby. Select Sands has a 22% equity stake in CanFrac Sands Ltd. CanFrac Sands is a private company producing frac sand in the Western Canada Sedimentary Basin. The Company also owns high-grade gold deposits in the La Ronge Gold Belt, northern Saskatchewan, and holds other gold projects located in Ontario and Saskatchewan.

For more information about Select Sands Corp., please go to www.selectsandscorp.com or contact Rasool Mohammad, B.Sc. (Mining), President & CEO.

Neither 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.

FORWARD-LOOKING INFORMATION

This News Release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Information and statements which are not purely historical fact are forward-looking statements. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward-looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.