Mr. Patrick O'Brien reports
PRIVATE PLACEMENT
Pro Minerals Inc. has arranged a $75,000 privateplacement through the issuance of 1.5 million units at a price of five cents per unit. Each unit consists ofone common share and one share purchase warrant entitling the holder to purchase one additionalcommon share of the company for each warrant exercised at 10 cents per share for a period of 60months. The shares issued will be subject to a hold period for the first four months, per the policies ofthe TSX Venture Exchange, and this private placement is subject to the approval of the TSX VentureExchange. The private placement has been subscribed to by a company controlled by a director ofPro Minerals. Proceeds from this private placement will be used for general working capital.