Mountain Boy Acquires Large Zeolite and Pozzolan Property in the Okanagan

Announce $1.2 Million Financing - Seite 2

The Company is pleased to announce it is arranging a private placement to raise proceeds of up to $1,200,000.00 consisting of 12 million flow-through units at $0.08 and 4 million non flow-through units at $0.06.  Both non flow-through and flow-through units will be comprised of one common share and one common share purchase warrant, each warrant being exercisable for the purchase of one additional common share for a two year period, at a price of $0.10 per share. The "Warrants" are subject to an acceleration clause, which provides that in the event the Company's share price exceeds $0.15 for a continuous 20 day trading period before expiry, the Company may provide notice (the "Notice") that the warrants will expire on the 11th day after the Date of Notice. The proceeds from the sale of the flow-through units will be expended on the zeolite property and other properties, located in British Columbia.

The Company may pay a finder's fee in connection with the private placement in accordance with TSX Venture Exchange policies.

Certain directors and officers of the Company may acquire securities under the private placement.  Any such participation would be considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101").  The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any shares issued to or the consideration paid by such persons will exceed 25% of the Company's market capitalization.

Ed. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is responsible for the contents of this release. E. Kruchkowski is not independent of Mountain Boy as he is the president and a director of the Company.

Mountain Boy Minerals Ltd. is a Canadian based mineral exploration company with diverse property and resource holdings around the Stewart region in British Columbia's golden triangle. For a complete listing of the Company assets and developments, visit the Company website at www.mountainboyminerals.ca. If interested, brokers and accredited investors may call Gary Assaly at 604-377-7969.

ON BEHALF OF THE BOARD OF Mountain Boy Minerals LTD.

"Randy Kasum"
Randy Kasum, Director

"Neither the 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." 

"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."

Mountain Boy Minerals LTD
Box 859
Stewart, British Columbia
V0T 1W0
Phone [phone]
Fax [phone]
Web page: mountainboyminerals.ca

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Mountain Boy Minerals LTD via Globenewswire

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Mountain Boy Minerals LTD
Box 859 Stewart Canada

WKN: 728492;ISIN: CA6238581079;
Listed: Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;