TSXV – GGS.V

VANCOUVER, March 9, 2016 /CNW/ - Golden Secret Ventures Ltd.  (TSXV – GGS.V) (the "Company") is pleased to announce that Christy Louth, Bernadette D`Silva and Matt Lawson have been appointed to the Company's board of directors and the Company has appointed Christy Louth as Chief Executive Officer and Joanna Vastardis as Chief Financial Officer and Corporate Secretary.  Doreen Boitard, Steven J. Chan, Darcy Krell, David G. Mark, Ronald McGregor and Linda Smith have resigned from the board and the board would like to thank them for their services.

The Company has also entered into a mandate agreement with Fiore Management & Advisory Corp. to provide financial advice and corporate administration.

In connection with the foregoing appointments, an aggregate of 1,600,000 incentive stock options have been granted to directors, officers, consultants and charitable organizations at a price of $0.05 per share, exercisable for a period of 10 years, subject to TSX-V approval.

The Company also announces that Frank Giustra, Fiore Financial Corporation, a company owned and controlled by Frank Giustra, and the Radcliffe Foundation, a charitable organization controlled by Frank Giustra, acquired 4,050,000 common shares and 2,000,000 warrants pursuant to a private transaction.  The acquisitions represent 19.64% of the issued and outstanding common shares of the Company and 40% of the issued and outstanding warrants of the Company. As a result of the acquisition of securities described above, Frank Giustra directly and indirectly, owns and or controls, in aggregate 4,050,000 common shares of the Issuer, representing 19.64% of the current issued and outstanding common shares of the Company and would own 6,150,000 common shares, representing 27.07% on a partially diluted basis, assuming exercise of the 100,000 options and 2,000,000 share purchase warrants held by Frank Giustra directly and indirectly.

The Company further announces that Brian Paes-Braga and Quiet Cove Capital Corp., a company owned and controlled by Brian Paes-Braga acquired 2,500,000 common shares and 2,000,000 warrants pursuant to a private transaction.  The acquisitions represent 12.13% of the issued and outstanding common shares of the Company and 40% of the issued and outstanding warrants of the Company. As a result of the acquisition of securities described above, Brian Paes-Braga directly and indirectly, owns and or controls, in aggregate 2,500,000 common shares of the Issuer, representing 12.13% of the current issued and outstanding common shares of the Company and would own 4,500,000 common shares, representing 19.9% on a partially diluted basis, assuming exercise of 2,000,000 share purchase warrants held by Brian Paes-Braga directly and indirectly.

The Company has been advised that Mr. Giustra and his related entities and Mr. Paes-Braga and his related entities acquired these securities for investment purposes and as disclosed in the Early Warning Report accompanying this news release, may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant.

On behalf of GOLDEN SECRET VENTURES LTD.

"Christy Louth"          
Chief Executive Officer

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.

SOURCE Golden Secret Ventures Ltd.