DITEM EXPLORATIONS INC.
TSX VENTURE : DIT
FRANKFURT : D8X

DITEM EXPLORATIONS INC.

October 19, 2007 09:25 ET

Ditem Closes $2 Million Flow-Through Private Placement

MONTREAL, QUEBEC--(Marketwire - Oct. 19, 2007) - Ditem Explorations (TSX VENTURE:DIT)(FRANKFURT:D8X) is pleased to announce that it has closed a brokered private placement, conducted through Becher McMahon Capital Markets Inc. (the "Agent"), of 2,500,000 flow-through common shares at a price of $0.80 per share for gross proceeds of $2,000,000. There are no warrants attached to the shares.

The offering was made to accredited investors, within the meaning of National Instrument 45-106. All the securities issued pursuant to the offering shall be subject to a hold period of four months from the date of closing. A cash commission equal to 8% of the gross proceeds, as well as compensation options entitling to subscribe for such number of common shares equal to 10% of the number of shares issued under the offering, at a price of $0.80 per share, was paid by the Corporation to the Agent and the sub-agent appointed by the Agent.

The gross proceeds from the private placement will be used by Ditem for eligible exploration expenses on the Otish Properties in Quebec.

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

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