Cross River Ventures Corp. (CSE: CRVC) (FSE: C6R) (the "Company") announces that it has closed the third and final tranche of a non-brokered private placement offering (the "Offering") of common shares (each, a "Share") of the Company for gross proceeds of $399,999. In connection with closing of the final tranche of the Offering, the Company issued 13,333,333 Shares at a price of $0.03 per Share.

Gross proceeds raised from all three tranches of the private placements totalled $985,999.95.

No finders' fees or commissions were payable in connection with closing of the third tranche of the Offering. All securities issued under the third tranche of the Offering are subject to a statutory hold period until June 9, 2023.

About Cross River Ventures Corp.

Cross River is a gold exploration company focused on the development of top tier exploration properties located in emerging Greenstone Districts of NW Ontario, Canada. The Company controls over 20,000-ha within a multiple project portfolio containing highly prospective ground in and among prolific, gold bearing greenstone belts. Cross River's common shares trade in Canada under the symbol "CRVC" on the CSE, and in the US under the symbol "CSRVF" on the OTCQB. Please visit www.crossriverventures.com for more information.

On behalf of the Board of Directors of

CROSS RIVER VENTURES CORP.

Alex Klenman
CEO
604-227-6610
[email protected]

John Fraser
President
604-227-6610
[email protected]

www.crossriverventures.com