Adroit Resources Inc.

Adroit Resources Inc.

November 08, 2007 13:01 ET

Adroit Resources Inc.: Private Placement Agreed for $1,018,550

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 8, 2007) - Adroit Resources Inc. (TSX VENTURE:ADT)(FRANKFURT:A7V)(BERLIN:A7V) -

Private Placement. Management is pleased to announce that the Company has arranged to raise a total of up to C$1,018,550 by way of private placement in Canada and Europe.

Canada. The Company has arranged to place 2,600,000 flow-through units for C$650,000 in the aggregate. Each unit will consist of one common flow through share and a one half warrant. Each whole warrant will entitle the holder to purchase one additional common share for C$0.50 in the first year and C$0.60 in the two subsequent years.

Canada and Europe. The Company has also arranged to place 1,842,750 units for C$368,550 in the aggregate. Each of these units will consist of one common share and one whole warrant. Each whole warrant will entitle the holder to purchase one additional common share for C$ 0.50 in the first year and C$ 0.60 in the two subsequent years.

The proceeds from this private placement will be used for general working capital, current obligations and the development of mineral properties, in particular, the drilling of three Ontario, Canada properties. Finder's fees may be paid to arms length parties in accordance with TSX Venture Exchange policy with respect to the private placement. The financing is subject to TSX Venture Exchange acceptance.

Insiders of the Company have subscribed for C$135,000 and the MineralFields Group has subscribed for C$750,000.

MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds. Information about MineralFields Group is available at First Canadian Securities ® is active in leading resource financings (both flow-through and hard dollar) on competitive, effective and service-friendly terms, with investors both within, and outside of, MineralFields Group.

Graeme Rowland, President of Adroit, said; "I am very pleased to be renewing our relationship with the MineralFields Group, this being their third funding contribution to our exploration and development. This is an important milestone in the growth of Adroit and we look forward to working with the MineralFields Group as we develop our holdings in Ontario, Canada, Central Italy and Texas, USA."

Adroit Resources is a mineral exploration company that is currently exploring for Gold, Silver and Antimony in Central Italy and diamonds, precious and base metals in the Temagami/Cobalt and Bancroft areas of Ontario, Canada and oil and gas in Texas, USA. In addition, Adroit is seeking new precious and base metal projects and oil and gas prospects to add to its expanding portfolio.

The Company's issued and outstanding share capital is 30,724,825 common shares and will be 35,167,575 after the issuance of shares pursuant to this private placement.

On behalf of the Board of Directors:

Graeme Rowland, Chairman and President

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

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