209 - 475 Howe Street November 26 , 2004 NEWS RELEASE: NON-BROKERED PRIVATE PLACEMENT OF 20 OCTOBER 2004 INCREASEDTO RAISE $750,000 The company announces that, subject to regulatory approval,
it is increasing the non-brokered private placement announced on October
20, 2004 to up to 2,500,000 units. Each unit will consist of one common
share of the company and one non-transferable share purchase warrant.
Each warrant will entitle the holder to purchase a further common share
at a price of $0.50 per share for a period of one year. There is a four
month hold period on the shares. The proceeds of the private placement
will be used for general working capital purposes and for drilling and
exploration of the company’s properties.A finder’s fee in
cash or shares may be payable on a portion of the placement in accordance
with regulatory policies. BY ORDER OF THE BOARD Gary Medford Ph.D. P.Geo. DIRECTOR Robert A Young and Associates 604 682 5123 The TSE Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release. |