Spur Ventures Transaction Update

Further to the news release dated May 15, 2014, Spur Ventures Inc. ("Spur" or
the "Company") (TSX VENTURE:SVU)(OTCBB:SPVEF) is pleased to provide an update on
the status of the previously announced transaction (the "Transaction") with
Atlantic Gold NL ("Atlantic").


The Transaction continues to progress as expected with Atlantic intending to
hold the requisite shareholder meetings by the end of July 2014 and to seek
court approval in early August 2014. The Scheme is expected to be implemented
before the end of August 2014. A draft of the scheme booklet and ancillary
documentation has been submitted to the Australian Securities and Investments
Commission ("ASIC") for review and comment and the final document is expected to
be despatched to Atlantic shareholders before the end of the month.


In addition, Spur and Atlantic have agreed in principle to an increase the
previously announced C$1 million Loan Facility to C$1.8 million.


Further updates on the Transaction will be provided in due course.

On behalf of the Board of Directors

John Morgan, President and Chief Executive Officer

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. 


Forward-Looking Statements:

This release contains certain "forward-looking statements" and certain
"forward-looking information" as defined under applicable Canadian and U.S.
securities laws. Forward-looking statements and information can generally be
identified by the use of forward-looking terminology such as "may", "will",
"expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or
similar terminology. Forward-looking statements and information are not
historical facts, are made as of the date of this press release, and include,
but are not limited to, statements regarding discussions of future plans,
guidance, projections, objectives, estimates and forecasts and statements as to
management's expectations with respect to, among other things, the transactions
contemplated under the HOA, the Scheme, the Alternative Transaction, the share
purchase program recently announced by Atlantic and otherwise in connection with
the proposed Transaction, any benefits to any shareholder of either Spur or
Atlantic that may result from the proposed Transaction, the listing of common
shares and Spur Warrants issued under the Transaction on the ASX, and the timing
and receipt of requisite regulatory, court and shareholder approvals in respect
thereof. These forward looking statements involve numerous risks and
uncertainties and actual results may vary.

Important factors that may cause actual results to vary include without
limitation, certain transactions, the successful completion of the Transaction,
the timing and receipt of certain approvals, changes in commodity and power
prices, changes in interest and currency exchange rates, risks inherent in
exploration results, timing and success, inaccurate geological and metallurgical
assumptions (including with respect to the size, grade and recoverability of
mineral reserves and resources), unanticipated operational difficulties
(including failure of plant, equipment or processes to operate in accordance
with specifications, cost escalation, unavailability of materials, equipment and
third party contractors, delays in the receipt of government approvals,
industrial disturbances or other job action, and unanticipated events related to
health, safety and environmental matters), political risk, social unrest, and
changes in general economic conditions or conditions in the financial markets.
In making the forward-looking statements in this press release, Spur has applied
several material assumptions, including without limitation, the assumptions
that:

(1) the receipt of necessary consents and approvals and satisfaction of all
conditions precedent for the completion of the Transaction in a timely manner;
(2) market fundamentals will result in sustained gold demand and prices; (3) the
receipt of any necessary approvals and consents in connection with the
development of any new properties; (4) the availability of financing on suitable
terms for the development, construction and continued operation of any mineral
properties; and (5) sustained commodity prices such that any properties in or
put into operation remain economically viable. Information concerning mineral
reserve and mineral resource estimates also may be considered forward-looking
statements, as such information constitutes a prediction of what mineralization
might be found to be present if and when a project is actually developed.
Certain of the risks and assumptions are described in more detail in the Spur's
audited financial statements and MD&A for the year ended December 31, 2013 and
the quarter ended March 31, 2014 on the SEDAR website at www.sedar.com. The
actual results or performance by Spur could differ materially from those
expressed in, or implied by, any forward-looking statements relating to those
matters. Accordingly, no assurances can be given that any of the events
anticipated by the forward-looking statements will transpire or occur, or if any
of them do so, what impact they will have on the results of operations or
financial condition of Spur. Except as required by law, we are under no
obligation, and expressly disclaim any obligation, to update, alter or otherwise
revise any forward-looking statement, whether written or oral, that may be made
from time to time, whether as a result of new information, future events or
otherwise, except as may be required under applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Spur Ventures Inc.
John Morgan
President and Chief Executive Officer
+1 604 689 5564
(TSXV:SVU)
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