Cusac Gold Mines Ltd.
OTC Bulletin Board : CUSIF

Cusac Gold Mines Ltd.

May 15, 2006 17:30 ET

Cusac Gold Mines Ltd.: Shareholders Approve Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 15, 2006) - David H. Brett, President, Cusac Gold Mines Ltd. (TSX:CQC)(OTCBB:CUSIF), (the "Company"), reports that shareholders voting at the Company's Annual General Meeting today voted overwhelmingly in favor of the Company's financing announced March 3, 2006 and priced March 24, 2006. The Company will now work together with agent M Partners Inc. to close the financing as soon as possible. Shareholders also approved a resolution whereby the agent has the option to oversubscribe the financing by up to 20%. All other resolutions put to shareholders, including election of the board of directors, were also approved.


David H. Brett, President & CEO

Forward-Looking Statements

There are forward-looking statements contained herein that are not based on historical fact, including without limitation statements containing the words "believes", "may", "plans", will", "estimate", "continue", "anticipates", "intends", "expects" and similar uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, Cusac's exploration results, lack of revenues, additional capital requirements, risks associated with the exploration activity. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments.

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

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