Preston Corporation Announces Royalty Agreement With Gold Production Acquisition Group

AUSTIN, Texas, April 25, 2016

Preston Corp (OTCPK: PSNP) ("Preston Corporation" "PSNP" or the "Company") today is pleased to announce that it has executed a business arrangement and agreement with Western Mine Development LLC ('Western") of Reno NV. Western has a large portfolio of gold production properties and projects focused in the Western United States. Western will, under the terms of the agreement, bring the Company a selection of viable candidates which meet the Company's mandate for royalty investments. These projects are gold companies requiring funding and capital in exchange for long term royalty contracts on producing or near term producing projects.

Western will act as an exclusive agent for facilitating the locating, acquisition and development of gold production assets and royalties, to Preston. Western has presented to Preston a candidate for investment on a royalty basis. The project is gold placer project in California with an existing permit for production. The Company expects to have tangible news out to the public in approximately 10 days.

The Company believes the project has the potential to deliver under the royalty agreement a 50% return on investment per annum.  

About Preston Corp (OTCPK: PSNP) 

Preston Royalty's mission is to develop the Company into a leading financial service provider, specializing in royalty financing for mining operations with the intent to realize large, continuous profits from ongoing economic interest in the production and future production of mining properties. Preston Royalty is gold focused but will create a diversified portfolio of royalties and streams wherever the value can be found regardless of commodity, geography, revenue type or stage of project. Preston Royalty is not an operator and therefore has none of the associated risks or capital requirements of mine operation.

Notice Regarding Forward-Looking Statements