VANCOUVER, BC, CANADA – First Mining Finance Corp. (“First Mining”) and Clifton Star Resources Inc. (“Clifton Star”) are pleased to announce that the companies have entered into a definitive arrangement agreement (the “Agreement”) pursuant to which First Mining has agreed to acquire all of the issued and outstanding common shares of Clifton Star in exchange for one common share of First Mining for each Clifton Star common share held. On completion of the transaction, Clifton Star will become a wholly-owned subsidiary of First Mining and former shareholders of Clifton Star will hold approximately 13.6% of the issued and outstanding shares of First Mining. The parties to the transaction are at arm’s length. The transaction implies a value of CAD$0.425 per Clifton Star share based on the closing prices of each company’s common shares on the TSX Venture Exchange (“TSXV”) on February 11, 2016, which represents a premium of approximately 130% to Clifton Star’s closing price on February 11, 2016. Based on the 30 day volume-weighted average price (“VWAP”) of each of the companies ending on February 11, 2016, the offer represents a premium of approximately 122% to Clifton Star’s 30 day VWAP.