January 17, 2008 16:50 ET

Boxxer Gold Closes $150,000 Financing

CALGARY, ALBERTA--(Marketwire - Jan. 17, 2008) - Boxxer Gold Corp. (TSX VENTURE:BXX) ("Boxxer" or the "Corporation") today announced it has closed the $150,000 financing announced on December 21, 2007. Boxxer issued 1,500,000 Units to a single arm's length investor at $0.10 per Unit for gross proceeds of $150,000. Each Unit consisted of one common share in the share capital of Boxxer ("Common Share") and one-half of a Common Share purchase warrant ("Warrant"). Each whole Warrant shall be exercisable for 18 months from the date of issuance into one Common Share at a price of $0.20 per Common Share.

Boxxer will use the proceeds to fund completion of a Scoping Study and exploration on the Nalesbitan Hill gold deposit and several zones of gold mineralization surrounding the Corporation's Nalesbitan Hill gold project in the Philippines, its Nevada exploration projects including the Boss, Buena Vista, and Boyer Ranch projects and for general working capital purposes.

About Boxxer Gold Corp.

Boxxer is a Canadian junior resource company involved in the exploration of copper-gold porphyry and Iron-Oxide-Copper-Gold projects in the state of Nevada. Boxxer recently acquired an option to purchase 65% of the Nalesbitan Hill gold and porphyry copper project in the Philippines.

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Forward Looking Statements: Except for statements of historical fact, all statements in this news release - including, without limitation, statements regarding Boxxer's intention to complete a private placement to raise up to $150,000 and the future plans and objectives of Boxxer - are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

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

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