SNIPER RESOURCES LTD 
By Vancouver, British Columbia, March 10, 2014 - Scott Baxter, President and CEO of Sniper Resources Ltd. (TSX-V: SIP) ("Sniper" or the "Company") is pleased to announce:
Share Exchange Agreement with Global Resources Investments Trust
Sniper has closed its C$600,000 arm's length share exchange financing with London-based investment fund Global Resources Investments Trust plc. ("GRIT").
Sniper has issued 10,000,000 common shares of the Company at C$0.06 per common share in exchange for 323,904 ordinary GRIT shares at £1.00 per share. The Sniper shares are subject to a four-month hold period expiring July 8, 2014. The GRIT shares are free trading on the London Stock Exchange.
The Company will now seek to sell the GRIT Shares through the facilities of the London Stock Exchange. During the first six months, all sales of GRIT Shares will be arranged by GRIT. While the Company will seek to maximize the proceeds it receives from the sale of its GRIT Shares, there is no assurance as to the timing of disposition or the amount that will be realized.
Closing of this transaction immediately returns the Company to positive working capital.
About Global Resources Investments Trust
GRIT 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. GRIT has conducted share exchange transactions with 41 junior resource companies (32 headquartered in Canada), acquiring an initial portfolio of their securities in exchange for 39,520,012 ordinary shares having a deemed value of £39,520,012 (approximately C$73,250,000)
The GRIT Shares were distributed pursuant to a prospectus published by GRIT in the UK on February 28, 2014. GRIT's application to list its ordinary shares on the premium listing segment of the Official List and to trade on the London Stock Exchange's Main Market became effective March 7, 2014. 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.
GRIT's distribution of the GRIT Shares to the Company and other Canadian-based issuers was also made pursuant to a Discretionary Exemption Order granted by the Ontario and British Columbia Securities Commissions November 13, 2013.
About Sniper Resources Ltd.
Sniper Resources Ltd. is engaged in the identification, acquisition and exploration of gold properties in the State of Nevada, USA. Sniper owns a 100% interest in the Laura exploration property and holds options to earn a controlling interest in two additional strategically located gold projects, the Weepah and Overland Pass properties, all in Nevada.
For further information about Sniper Resources and its Nevada projects please contact Mr. Scott Baxter, President and CEO at (604) 263-5614 or via email scottbax@telus.net.
To subscribe to Sniper's newsletter, The Sniper News, email us at infoatsniperresources@gmail.com
Please visit the Sniper Resources Ltd. website at www.sniperresources.com
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