Damara Grants Options

July 27, 2016                                                                                           TSX-V: DMR

DAMARA GOLD CORP. (TSX-V:DMR) (“Damara” of the “Company”), announces it has effective today, granted options to its directors, officers, consultants and employees of the Company an aggregate 1,600,000 stock options (the “Options”).

The Options are exercisable for a period of five years at a price of $0.05 per common share in accordance with the terms of the Company’s 10% rolling Stock Option Plan approved by shareholders on June 7, 2016.

About Damara
Damara Gold Corp. is a TSX Venture listed Canadian public company with a Board of Directors seasoned in the mineral exploration industry with extensive and successful international experience with a focus on identifying and acquiring prospective and under-explored gold properties worldwide.

ON BEHALF OF THE BOARD OF DIRECTORS OF DAMARA
Larry Nagy
Larry Nagy, Chief Executive Officer

For additional information visit Damara’s website at www.damaragoldcorp.com or contact:

Damara Gold Corp.
Larry Nagy
Chief Executive Officer or
Terese Gieselman
Chief Financial Officer
Ph: (250-768-1168)
NR: 16-09

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.