Claim Post Resources Completes Third Tranche of Financing

About this update from Canadian Premium Sand, Inc.

Dec. 23, 2010 (Newsfile Corp.) -- Toronto, Ontario--(December 23, 2010) - Claim Post Resources Inc. ("CPS"-TSX-V)(the "Company") is pleased to announce that on December 20, 2010 the Company completed the third tranche of its previously announced private placement financing. Pope & Company (the "Agent") acted as the agent in the private placement. The Company issued a total of 1,916,666 Flow-through Units for gross proceeds of $575,000. Each Flow Through Unit consists of one Flow Through share and one-half Warrant. Each Warrant entitles the holder thereof to purchase one common share at a price of CAD $0.50 per share at anytime until December 20, 2012. All securities issued on closing are subject to a four month hold period from the date of closing. The funds raised will primarily be used for advancing both the Dayton-Racetrack gold property and Kamiskotia base metal - gold properties within the city limits of Timmins Ontario. Charles Gryba President and CEO of Claim Post Resources (OOTC:CLMPF) (TSXV:CPS) made this comment: "We are pleased to have completed the final tranche of the private placement which was brokered by Pope & Company who sponsored the listing of Claim Post in April, 2010. The majority of the Flow Through funds from this financing will be used to diamond drill the Dayton Gold Zone down plunge to the west; guided by the Deep IP program completed in September, 2010." In consideration of providing their financial advisory services the Agent and other selling group members received a cash fee of 8% of gross proceeds of the offering. The Agent and other selling group members also received 191,666 Broker Units which are convertible at the price of $0.25 per Unit into one common share and one-half Warrant. The Company also announces that it has granted an aggregate of 500,000 stock options to the directors, officers and consultants of the Company which are exercisable at an exercise price of $0.25 per share for a period of 3 years. Claim Post Resources Inc. is a Canadian based mineral exploration company and a reporting issuer in Ontario, Alberta and British Columbia. The Company currently holds a 100% interest in the mineral rights to about 1145 staked claim units and 63 patented claims (~200 km2 or 72 square miles) wholly within the city limits of Timmins, Ontario. The Company continues to stake ground as it becomes available. After completion of the initial private placement the Company has common shares issued and outstanding. FOR FURTHER INFORMATION CONTACT: Charles Gryba Or Daniel Boase President and Director Managing Partner Claim Post Resources Inc. First Canadian Capital Corp 416 801 6366 416 742 5600 Statements in this release that are forward-looking reflect the Company's current views and expectations with respect to its performance, business, and future events. Such statements are subject to various risks and assumptions, some, but not necessarily all, are disclosed elsewhere in the Company's periodic filings with Canadian securities regulators. Such statements and information contained herein represent management's best judgment as of the date hereof based on the information currently available; however actual results and events may vary significantly. The Company does not assume the obligation to update any forward-looking statement. Neither 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.

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