Prominex Announces Non-Brokered Private Placement of 15,000,000 Units at $0.05/Unit

Prominex Resource Corp. (TSX VENTURE:PXR) announces a non-brokered private
placement of up to 15,000,000 Units ("Units") at CAD $0.05 per unit. Each unit
consists of one common share ("Common Share") and one full common share purchase
warrant ("Warrant"). The warrants will expire two years after the closing of the
offering. Each warrant will be exercisable at into one common share at CAD $0.10
during the first year or at CAD $0.20 during the second year of the warrant. The
private placement may close in tranches. 


Prominex will pay a finder's fee of up to 10% of the proceeds. The finder's fees
will be payable in cash or units or a combination of both. 


The proceeds from this financing will be used for general working capital and to
further exploration plans at Tulks Hill and Reid Lot 50 (Lake Bond) located in
central Newfoundland. 


The offering is subject to certain conditions including, but not limited to, the
receipt of all necessary approvals, including the approval of the TSX Venture
Exchange. The securities issued pursuant to the offering will be subject to a
four month plus one day hold period from date of issuance.


The securities proposed to be offered in the private placement have not been
registered under the U.S. Securities Act of 1933, as amended, or any State
securities laws, and may not be offered or sold in the United States or to U.S.
Persons absent registration or an applicable exemption from the registration
requirements.


ON BEHALF OF THE BOARD

Gordon Barron, President and CEO

FOR FURTHER INFORMATION PLEASE CONTACT: 
Prominex Resource Corp.
Gordon Barron
President and CEO
1.604.566.1094
www.prominex.ca

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