Goldrush Resources : Shareholders of Goldrush Approve Arrangement with First Mining

FF: TSXV
FFMGG: OTCQB
GOD: TSXV

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VANCOUVER, BC, CANADA - First Mining Finance Corp. ('First Mining') and Goldrush Resources Ltd. ('Goldrush') are pleased to announce that at a special meeting held on December 29, 2015, shareholders of Goldrush voted nearly unanimously in favour of the plan of arrangement (the 'Arrangement') under which First Mining will acquire each of all the issued and outstanding common shares of Goldrush in exchange for 0.0714 of a common share of First Mining.

Of the votes cast by Goldrush shareholders, 99.9% were voted in favour of the special resolution approving the Goldrush Arrangement.

Goldrush will be seeking final court approval of their Arrangement on January 4, 2016 and, subject to the satisfaction of certain customary closing conditions, the Arrangement is anticipated to be completed on or about January 7, 2016. Full details of the Goldrush Arrangement and certain other matters are set out in the management information circular ('Information Circular') dated November 27, 2015. A copy of the Information Circular and other meeting materials can be found on the SEDAR website at www.sedar.com.

In addition, First Mining has granted 2,165,000 stock options to directors, officers, employees, and consultants of the Company. The stock options have an exercise price of $0.40 per share, are exercisable for a period of five years, in accordance with the policies of the TSX Venture Exchange. These stocks options are governed by the Company's Stock Option Plan.

ABOUT FIRST MINING FINANCE CORP.

First Mining is a mineral property holding company whose principal business activity is to acquire high quality mineral assets with a focus in the Americas. The Company currently holds a portfolio of 21 mineral assets in Canada, Mexico and the United States with a focus on gold. Ultimately, the goal is to continue to increase its portfolio of mineral assets through acquisitions that are expected to be comprised of gold, silver, copper, lead, zinc and nickel.

For further information, contact Patrick Donnelly, President at 604-639-8854, or Derek Iwanaka, Vice President, Investor Relations at 604-639-8824 or visit our website at www.firstminingfinance.com.

ABOUT GOLDRUSH RESOURCES LTD.:

Goldrush is a Canadian mineral exploration company focused on gold exploration, with a treasury of approximately CAD$3,400,000, royalty interests on two gold projects in Burkina Faso, West Africa and receivables valued at up to US$750,000.

For further information on Goldrush Resources Ltd., shareholders and other interested parties are invited to contact Len Brownlie, President and CEO at 604-602-9973 or visit the Company's website at www.goldrushresources.ca.

ON BEHALF OF THE BOARD OF FIRST MINING FINANCE CORP.
'Keith Neumeyer'
Keith Neumeyer
Chairman

ON BEHALF OF THE BOARD OF GOLDRUSH RESOURCES LTD.
'Len Brownlie'
Len Brownlie
President & CEO

Cautionary Note Regarding Forward-Looking Statements

This press release includes certain 'forward-looking information' and 'forward-looking statements'(collectively 'forward-looking statements') within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or financial performance of the Company, are forward-looking statements.

Forward-looking statements are frequently, but not always, identified by words such as 'expects', 'anticipates', 'believes', 'intends', 'estimates', 'potential', 'possible', and similar expressions, or statements that events, conditions, or results 'will', 'may', 'could', or 'should' occur or be achieved. Forward-looking statements in this press release relate to, among other things: anticipated benefits of the Arrangement to First Mining and Goldrush and their respective shareholders; the pro rata shareholdings of the current shareholders of Goldrush in First Mining; pro forma market capitalization of First Mining; the timing and receipt of required shareholder, court, stock exchange and regulatory approvals for the Arrangement; the ability of First Mining and Goldrush to satisfy the other conditions to, and to complete, the Arrangement; the anticipated timing of the mailing of the information circular regarding the Arrangement; the closing of the Arrangement; analyst coverage, liquidity and access to capital markets of First Mining; length of the current market cycle and the requirements for an issuer to survive the current market cycle; future growth potential for First Mining; and receipt by Goldrush of payments due in connection with property sales transactions. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: satisfaction or waiver of all applicable conditions to closing of the Arrangement including, without limitation, receipt of all necessary securityholder, court, stock exchange and regulatory approvals or consents and lack of material changes with respect to the parties and their respective businesses, all as more particularly set forth in the Arrangement Agreement; the synergies expected from the Arrangement not being realized; business integration risks; fluctuations in general macro-economic conditions; fluctuations in securities markets and the market price of First Mining's shares; fluctuations in the spot and forward price of gold, silver, base metals or certain other commodities; fluctuations in the currency markets (such as the Canadian dollar versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; and the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses, permits and approvals from government authorities; title to properties; inaccuracies in the representations given by Goldrush in previous property sales agreements, the failure to meet the closing conditions thereunder and the failure by counterparties to such agreements to comply with their obligations thereunder. In addition, Goldrush may in certain circumstances be required to pay a non-completion or other fee to First Mining, the result of which could have a material adverse effect on Goldrush's financial position and results of operations and its ability to fund growth prospects and current operations. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, neither first Mining nor Goldrush assumes any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

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.