Damon Announces Effective Date for Name Change

Vancouver, British Columbia--(Newsfile Corp. - November 15, 2016) - Damon Capital Corp. (TSXV: DAM.H) ("Damon" or the "Company") announces, further to its news release dated October 12, 2016, that the TSX Venture Exchange ("Exchange") has agreed to an effective date of Wednesday, November 16, 2016 (the "Effective Date") for the change of its name from Damon Capital Corp. to "Arizona Silver Exploration Inc."

Notwithstanding the Company has not yet closed its Qualifying Transaction and remains halted, the Company will effectively commence trading at market open on the Effective Date under the new name Arizona Silver Exploration Inc., with the new trading symbol AZS.H.

The Qualifying Transaction is scheduled to close on or about November 18, 2016 and remains subject to, among other things, Exchange approval. A further news release will be disseminated on completion of the Qualifying Transaction. Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. There can be no assurance that the transaction will be completed as proposed or at all.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

ON BEHALF OF THE BOARD OF DIRECTORS
SIGNED: "Joseph Charland"
Joseph Charland, CEO
Contact: (604) 718-2800 (x 308)

Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the proposal to complete the Qualifying Transaction and associated transactions, including statements regarding the terms and conditions of such transactions. Readers are cautioned not to place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by such information depending on, among other things, the risks that the parties will not proceed with the Qualifying Transaction and associated transactions, that the ultimate terms of the Qualifying Transaction and associated transactions will differ from those that currently are contemplated, and that the Qualifying Transaction and associated transactions will not be successfully completed for any reason (including the failure to obtain the required approvals from regulatory authorities). The statements in this news release are made as of the date hereof. The Company undertakes no obligation to update forward-looking information except as required by applicable 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.