December 18, 2009 15:33 ET

Ditem Explorations: Second and Final Closing for a Total of $820,000

MONTREAL, QUEBEC--(Marketwire - Dec. 18, 2009) - Ditem Explorations (TSX VENTURE:DIT)(FRANKFURT:D8X) is pleased to announce that it has closed the final tranche of the $820,000 brokered flow-through private placement for an amount of $250,000 equal to 3,125,000 Units. This second tranche follows the initial closing of $570,000 announced on Tuesday the 15th of December.

The entire private placement ("the Offering") consists of 10,250,000 Flow-Through Units ("Flow-Through Unit") at a price of $0.08 per Flow-Through Unit. Each Flow-Through Unit consists of one flow-through common share and one-half of one share purchase warrant, with each whole warrant entitling the holder to purchase one common share of Ditem at a price of $0.135 per share for a period of twelve months from the date of closing.

All securities issued pursuant to the Offering shall be subject to a hold period of four months from the date of closing. For this second and final tranche, a commission equal to 9% of the gross proceeds, as well as compensation options entitling the holders to subscribe for such number of units equal to 5% of the number of shares issued under the offering, at a price of $0.08 per share, was paid by Ditem Explorations to the agent, Industrial Alliance.

The proceeds from this second and final tranche of Flow-Through Shares will be used to finance admissible exploration work in Quebec.

Ditem Explorations is a uranium exploration and development Company with properties in the Athabasca Basin in Saskatchewan (Beartooth Island and Cree Lake) and the Otish Basin (Otish Uranium) in Quebec. The Company has also completed drilling programs on the Beartooth Island and Otish Uranium properties. Other exploration programs are also being developed. Existing properties and general information may be viewed on the Company's website at www.ditem.com which will be updated shortly.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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