Sniper Resources Ltd : $500,000 Share Exchange Agreement and $600,000 Private Placement Continuing

Vancouver, British Columbia, January 21, 2014 - Scott Baxter, President and CEO of Sniper Resources Ltd. (TSX-V: SIP) ("Sniper" or the "Company") is pleased to announce:

$500,000 Share Exchange Agreement with Global Resources Investments

Sniper has entered into a C$500,000 arm's length share exchange agreement with London-based investment group Global Resources Investments Ltd.

Global Resources Investments Ltd. was established to exploit investment opportunities in the junior mining and natural resources sectors worldwide. Its investment objective is to generate medium and long-term capital growth.

Global Resources Investments Ltd. will re-register as a public company and be constituted as an investment trust with its name changed to Global Resources Investment Trust Plc ("GRIT"). GRIT is seeking admission of its ordinary shares on the Main Market for listed securities on the London Stock Exchange. The Main Market is the London Stock Exchange's flagship market for larger, more established companies, and is the world's most international market for the trading of equity, debt and other securities with over 2,600 listed companies from 60 countries across 40 sectors, including many of the world's largest, most successful and most dynamic companies.

Pursuant to the $500,000 share exchange agreement Sniper will subscribe for 280,002 ordinary GRIT shares at £1.00 per ordinary GRIT share in exchange for the issuance of 10,000,000 common shares of Sniper at C$0.05 per common share. After closing of the transaction GRIT will own 17.60% of Sniper's equity shares. The Sniper common shares will be subject to a four-month hold period from the date of issuance. The GRIT shares will be freely tradable on the London Stock Exchange. There are no finder's fees or commissions payable on the transaction.

Closing of the share exchange is subject a number of conditions precedent including required regulatory approvals and completion of GRIT's listing on the London Stock Exchange.

$600,000 Private Placement Continues

On June 14, 2013 Sniper announced a non-brokered private placement of up to C$600,000 comprised of up to 12,000,000 units at a price of $0.05 per unit with each unit comprised of one common share and one share purchase warrant, and with each share purchase warrant exercisable for a total term of five years at an exercise price of $0.10 per Warrant Share during the first two (2) years and at an exercise price of $0.25 per Warrant Share for the subsequent three (3) years.

On June 14, 2013 Sniper announced the closing of the first tranche of that placement and issued 1,770,000 units to net $88,500 to treasury. The shares and any shares issued pursuant to an exercise of the share purchase warrants are subject to a hold period until January 25, 2014.

Sniper has sought and continues to seek further cash financing to complete the remaining $511,500 of the initially proposed C$600,000 total private placement.

The net proceeds of the remainder of the private placement, together with the cash proceeds received from time to time from the sale of GRIT shares will be used for working capital, for continued exploration on Sniper's Weepah Gold Project in Nevada and general corporate purposes. The directors of the Company may participate in this placement. Commissions and/or finders' fees may be paid as permissible under the policies of the TSX-V.

About Sniper Resources Ltd.

Sniper Resources Ltd. is engaged in the identification, acquisition and exploration of gold properties with a primary focus in the State of Nevada, USA. Sniper owns a 100% interest in the Laura property and holds options to earn a controlling interest in two additional strategically located gold projects, the Overland Pass and Weepah properties, all in Nevada.

For further information about Sniper Resources and its Nevada projects please contact Mr. Scott Baxter, President and CEO at [phone] or via email [e-mail].

To subscribe to Sniper's newsletter, The Sniper News, email us at [e-mail]

Please visit the Sniper Resources Ltd. website at www.sniperresources.com