New Customers and Sales Contracts in Bangladesh

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Not for distribution to United States Newswire Service or for dissemination in the United States

VANCOUVER, BRITISH COLUMBIA – May 10, 2016 – Crownia Holdings Ltd. (TSX-V: CNH; OTCQB: CWNHF) (“Crownia” or the “Company”) is pleased to announce that its subsidiary, Jinsili international Steel Holdings Co., Ltd. (“Jinsili”) has successfully completed sales orders from three new customers, Izhar Concrete (PVT.) Ltd., (“Izhar”), Khulna Shipyard Limited (“Khulna) and Dockyard and Engineering Works Ltd. (“Dockyard”).

Jinsili completed the sales orders and has fulfilled the letters of intent (“LOIs”) with Khulna and Dockyard mentioned in news release dated November 17, 2015. Furthermore, Jinsili has completed sales contracts valued at $215,000 with Izhar Concrete (PVT.) Ltd. (“Izhar”) in Pakistan.

Izhar is a leading company in construction engineering which is engaged in the business from commercial to residential construction. Pakistan office is focusing on pre-engineered metal buildings which are on fast growing demand due to their cost effectiveness.

“We are pleased to have fulfilled the signed LOIs with Khulna and Dockyard and the sales contracts with Izhar,” commented Herrick Lau, CEO of Crownia. “We are building up our sales in Bangladesh. Sales for the early 2016 have reached approximately $1.5 million in global sales.”

 

About Crownia Holdings Ltd.

As a specialty steel trading company, Crownia provides value-add by identifying suitable suppliers for products that best suit customer needs, establishing distribution centers in optimal locations, and providing superior sales and after-sale services to customers. For more information, please contact Gilbert Chan at (604)488-8878 or email ir@crowniaholdings.com.

On behalf of the Board of Directors,

Crownia Holdings Ltd.

“Herrick Lau”__

Herrick Lau

CEO

This press release may contain “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein may be forward-looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as “plans” “expects” or “does not expect”, “proposed”, “is expected”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information in respect of the Company reflects the Company’s as the case may be, current beliefs and is based on information currently available to the Company and on assumptions the Company as the case may be, believes are reasonable.

 

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release represent the expectations of the Company as of the date of this press release and, accordingly, are subject to change after such date. However, the Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.

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 news release.

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