Non-brokered Private Placement of 2,000,000 Flow-Through Units announced

November 21, 2003

The Company announces that it has negotiated a non-brokered private placement of 2,000,000 Flow-Through Units (the "Units") with Endeavour Flow-Through Limited Partnership 2003. The Units are being offered at a price of $0.15 per Unit. Each Unit will consist of one flow-through share and one share purchase warrant entitling the holder to purchase an additional flow-through share at a price of $0.16 for a period of one year. The Company will pay an 8% finder's fee payable in non flow-through units in respect of this private placement.

The above transaction is subject to the approval of the TSX Venture Exchange.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news release.

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