209 - 475 Howe Street OCTOBER 20, 2004 NEWS RELEASE- NON-BROKERED PRIVATE PLACEMENT TO RAISE
$600,000 The company announces that, subject to regulatory approval,
it is arranging a non-brokered private placement of up to 2,000,000 units
at a price of $0.30 per unit for total proceeds of up to $600,000. 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. The proceeds of the private placement will be used for general working
capital purposes and for drilling and exploration of the company’s
properties.
Gary Medford, Ph.D. P.Geo. DIRECTOR
Robert A Young and Associates 604 682 5123
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